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India's real gross domestic product (GDP) is estimated to grow by 7.4% in the current fiscal year, driven by robust performance in the services and manufacturing sectors, according to data released by the Ministry of Statistics and Programme Implementation on Wednesday. The estimate marks an improv
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India's real gross domestic product (GDP) is projected to grow by 7.4% in the fiscal year 2026.
The services sector is the primary growth engine, expected to rise by 9.1%, followed by the manufacturing sector, projected to grow by 7%.
The projected 7.4% growth for FY26 is an improvement over the 6.5% growth recorded in the previous fiscal year.
Per capita national income is projected to increase by Rs 16,025, reaching Rs 2,47,487 in FY26.
Heightened global uncertainties, particularly trade barriers imposed by the US, could affect India's exports and capital flows.
A new GDP series with a 2022-23 base year is scheduled for release on February 27.
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