Prime Minister Narendra Modi on Wednesday highlighted India’s strong economic outlook, citing official estimates that project Real GDP growth at 7.4 per cent in the 2025–26 financial year. Referring to the pace of reforms, he said “India’s Reform Express” continues to gain momentum, driven by sustained investment and demand-focused policies under the NDA government.

In a post on X, the Prime Minister underscored the government’s commitment to building a prosperous economy through structural reforms. He attributed the positive growth projections to measures spanning infrastructure development, manufacturing incentives, digital public goods, and ongoing efforts to improve the ease of doing business across sectors.

The remarks accompanied the release of the first advance estimates of Gross Domestic Product by the National Statistics Office (NSO). According to the data, India’s Real GDP is estimated to grow at 7.4 per cent in FY 2025–26, compared with a growth rate of 6.5 per cent in the previous fiscal year. Nominal GDP is projected to expand by 8 per cent during the same period.

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In absolute terms, Real GDP is expected to reach Rs 201.90 lakh crore in FY 2025–26, up from the provisional estimate of Rs 187.97 lakh crore in FY 2024–25. Nominal GDP is estimated at Rs 357.14 lakh crore, rising from Rs 330.68 lakh crore a year earlier, reflecting growth at current prices that include inflation.

The NSO noted that the expansion is largely services-led, with real Gross Value Added projected to grow by 7.3 per cent. Financial, real estate and professional services, along with public administration and defence, are expected to register particularly strong growth. Manufacturing, construction and investment activity are also projected to contribute meaningfully, while agriculture is expected to grow at a more moderate pace.

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