Economy, Banking and Finance · 8 June 2026

National Statistical Office (NSO) records India's GDP growth at 7.7% for FY26

Exam-focused facts from the 8 June 2026 current affairs briefing.

Key facts

  • India's economic growth for the financial year 2025-26 (FY26) reached 7.7%, compared to 7.1% in the previous year.
  • The economy expanded by 7.8% in the January-March quarter of FY26, adopting 2022–23 as the new base year for the gross domestic product (GDP) series.
  • The National Statistical Office (NSO) reported real growth contributions from manufacturing at 10.7%, trade, transport et al at 11.0%, and financial, real estate et al at 10.4%.
  • Demand-side growth was driven by private final consumption expenditure at 7.7% and gross fixed capital formation at 8.2%.
  • The Reserve Bank of India (RBI) lowered its GDP growth forecast for FY27 to 6.6% from 6.9%.