India’s GDP growth for FY26 is projected at 7.4%, according to the First Advance Estimates released by MoSPI. The data highlights economic resilience despite high US tariffs and will form the base for the Union Budget 2026–27, though revisions will follow.

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• FY26 real GDP growth projected at 7.4%, up from 6.5% in FY25
• Manufacturing rebounds strongly to 7% growth from 4.5% last year
• Economy remains resilient despite 50% US tariffs on Indian goods
• Nominal GDP growth falls to 8%, lowest in five years
• FY26 nominal GDP estimated at ₹357 lakh crore (~$3.97 trillion)
• Services sector drives growth at 9.1%
• Agriculture growth moderates to 3.1% from 4.6%
• Construction sector expands at 7%, slower than last year
• Second-half FY26 growth expected to slow to around 6.9%
• Estimates to be revised under new GDP series with 2022–23 base year