India on Wednesday projected economic growth of 7.4% in fiscal 2025–26, underscoring resilience in Asia’s third-largest economy even as global growth slows.
The data released by the Ministry of Statistics and Programme Implementation on Wednesday, including the Gross Domestic Product (GDP) growth projections, as part of the First Advanced Estimates will undergo revision through the year.
The data also revealed that real Gross Value Added (GVA) is expected to expand by 7.3% in Financial Year 2026, up from 6.4% in Financial Year 25.
The economy continued to expand at a faster-than-anticipated rate in July-September, with GDP growth rising to a six-quarter high of 8.2 per cent on the back of near double-digit growth in the services sector. The manufacturing sector, too, has clocked its fastest pace of expansion in six quarters.
Photo: Representational
