National Statistical Office (NSO) reports 7.7% GDP growth for FY26

Key facts

• The National Statistical Office (NSO) reported India's Gross Domestic Product (GDP) growth at 7.7% for the full financial year 2025-26 and 7.8% for the January-March quarter (Q4 FY26).
• Gross Value Added (GVA) is estimated to have risen by 7.3% under a revised national accounts series that shifted the base year to 2022-23.
• The Reserve Bank of India (RBI) maintained the repo rate at 5.25% and revised its GDP growth projections to 6.6% for FY26 and 6.3% for FY27.
• The United Nations (UN) lowered India's 2026 growth forecast to 6.4% from 6.6%, citing global uncertainty and the economic impact of the West Asia crisis.
• The World Inequality Lab (WIL) projects in its Global Justice Report: A Plan for Equality and Prosperity With Planetary Boundaries that India will surpass China in its share of global GDP in purchasing power parity (PPP) terms by 2060.