Ministry of Statistics and Programme Implementation (MoSPI) estimates Real GDP growth at 7.4% for FY 2025-26

Key facts

• The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) has released the First Advance Estimates of Gross Domestic Product (GDP) for the Financial Year (FY) 2025-26.
• Real GDP is estimated to grow by 7.4% in FY 2025-26, compared to a growth rate of 6.5% in FY 2024-25.
• Nominal GDP is projected to grow at 8.0% in FY 2025-26, reaching an estimated level of ₹357.14 lakh crore.
• Real Gross Value Added (GVA) is estimated to grow by 7.3% to reach ₹184.50 lakh crore in FY 2025-26.
• Nominal GVA is estimated to attain a level of ₹323.48 lakh crore, registering a growth rate of 7.7%.
• Financial, Real Estate & Professional Services and Public Administration, Defence & Other Services are estimated to achieve a growth rate of 9.9% at constant prices.
• Trade, Hotels, Transport, Communication & Services related to Broadcasting sector is estimated to grow by 7.5% at constant prices.
• Manufacturing and Construction sectors in the secondary sector are estimated to achieve a growth rate of 7.0% at constant prices.
• Agriculture & Allied Sector is estimated to grow by 3.1%, while Electricity, Gas, Water Supply & Other Utility Services is estimated at 2.1%.
• Real Private Final Consumption Expenditure (PFCE) is estimated to attain a growth rate of 7.0% during FY 2025-26.
• Gross Fixed Capital Formation (GFCF) is estimated to grow by 7.8% at constant prices, compared to 7.1% in the previous financial year.
• MoSPI is currently revising the base year of National Accounts from FY 2011-12 to FY 2022-23.
• The Second Advance Estimates of GDP for FY 2025-26 under the new base year are scheduled for release on 27.02.2026.