India's GDP To Grow 7.4% in FY26: Govt

• India's FY26 GDP projected to grow at 7.4%, up from 6.5% last year.
• GDP at constant prices to reach Rs 201.90 lakh crore in FY26.
• Reforms like tax cuts & trade deals with Oman, UK, NZ to boost growth.

India’s real gross domestic product (GDP) is estimated to grow at 7.4% in FY 2025-26 despite global challenges amid tariff war, which is higher than the 6.5% expansion recorded a year ago, according to the government’s

First Advance Estimates released on January 7.

According to a statement by the Ministry of Statistics & Programme Implementation, GDP at constant prices (2011-12 base) is projected to reach Rs 201.90 lakh crore in FY26, compared with the provisional estimate of Rs 187.97 lakh crore in FY25, registering a growth rate of 7.4%.

Key domestic reforms are poised to act as economic catalysts, including a strategic income tax cut in the FY26 budget, GST rationalisation, and three pivotal foreign trade agreements with Oman, the UK, and New Zealand.

Nominal GDP or GDP at Current Prices is estimated to attain a level of Rs 357.14 lakh crore in the FY 2025-26, against Rs 330.68 lakh crore in FY 2024-25, showing a growth rate of 8.0%.

(This is breaking. Details will be added shortly.)