FIRST ADVANCE ESTIMATES OF GROSS DOMESTIC PRODUCT, 2025-26

News:

The National Statistics Office (NSO) has projected India’s real GDP growth at 7.4% for FY 2025–26, indicating an improvement over the previous financial year.

Released By: National Statistics Office (NSO), Ministry of Statistics and Programme Implementation.

Key Growth Estimates:

• Real GDP: 4% (up from 6.5% in FY 2024–25)
• Nominal GDP: Around 8%
• Gross Value Added (GVA): 3%

Sector-wise Performance (GVA at Constant Prices):

• Services Sector: Main growth driver; Financial, Real Estate & Professional Services and Public Administration to grow by 9.9%
• Manufacturing & Construction: Expected growth of 7.0%, reflecting recovery in manufacturing
• Agriculture & Allied Activities: Growth likely to slow to 3.1%
• Mining & Quarrying: Estimated contraction of 0.7%

Demand-side Indicators:

• Private Final Consumption Expenditure (PFCE): Projected growth of 0%
• Gross Fixed Capital Formation (GFCF): Investment growth projected at 8%

Note:

These are Advance Estimates based on data available up to November 2025 and will be revised in the Second Advance Estimates released in February.