New Delhi: Prime Minister Narendra Modi on Wednesday referred to estimates of India’s Real GDP growing by 7.4% in 2025-26 and said that “India’s Reform Express” continues to gain momentum, powered by the NDA Government’s comprehensive investment push and demand-led policies.In a post on X, PM Modi said that his government is working to realise the dream of a prosperous India. “India’s Reform Express continues to gain momentum. This is powered by the NDA Government’s comprehensive investment push and demand-led policies,” he said. “Be it infrastructure, manufacturing incentives, digital public goods or ‘Ease of Doing Business’, we are working to realise our dream of a prosperous India,” he added. PM Modi’s post had a link to the Ministry of Statistics and Programme Implementation’s press release about the first advance estimates of Gross Domestic Product, 2025-26. India’s Real GDP grew by 7.4% in the Financial year 2025-26 against the growth rate of 6.5% during 2024-25, as per the first advance estimates released by the National Statistics Office (NSO) on Wednesday.The Nominal GDP is estimated to grow at 8% in 2025-26. Real GDP is estimated to attain a level of Rs 201.90 lakh crore in FY26, against the Provisional Estimates (PE) of GDP for FY25 of Rs 187.97 lakh crore.Nominal GDP is estimated to reach Rs 357.14 lakh crore in FY 2025-26, up from Rs 330.68 lakh crore in FY 2024-25.The Real Gross Value Added (GVA) is estimated at Rs 184.50 lakh crore in FY 2025-26, up from the Provisional Estimates for FY 2024-25 of Rs 171.87 lakh crore, reflecting a 7.3% growth rate.Nominal GVA is estimated to reach Rs 323.48 lakh crore in FY 2025-26, up from Rs 300.22 lakh crore in FY 2024-25, reflecting a 7.7% growth rate.Nominal GDP uses current prices, including inflation, while Real GDP adjusts for inflation using base-year prices, showing true output growth.The NSO said the growth momentum is being driven largely by the services sector, with real Gross Value Added (GVA) projected to expand by 7.3%. Financial, real estate, and professional services, along with public administration, defence, and other services, are estimated to grow by a robust 9.9% at constant prices during the year.Manufacturing and construction are also expected to support overall growth, with the secondary sector projected to grow by 7.0%, while trade, hotels, transport, communication, and broadcasting services are projected to expand by 7.5%. In contrast, the agriculture and allied sector is estimated to post a more moderate growth of 3.1%.On the demand side, private final consumption expenditure (PFCE) is estimated to grow by 7.0%, reflecting steady household spending. Gross fixed capital formation (GFCF), a key indicator of investment activity, is projected to rise by 7.8%, up from 7.1% in the previous fiscal year.
