Real GDP, measured at constant 2022–23 prices, is projected to reach ₹323.12 lakh crore (₹323.12 trillion equivalent to $3.39 trillion) in FY26, compared with the first revised estimate of ₹299.89 lakh crore in the previous fiscal year. At current prices, nominal GDP is estimated at ₹346.36 lakh crore, reflecting an annual growth of 8.9 per cent from ₹318.07 lakh crore in FY25.
The ministry revised its annual estimates after incorporating economic data for the fourth quarter (January–March) of FY26. Earlier advance estimates had been based on information available only up to the third quarter.
India’s real GDP is estimated to grow 7.7 per cent in FY26, accelerating from 7.1 per cent in FY25, according to MoSPI’s provisional estimates.
Real GDP is projected at ₹323.12 lakh crore ($3.39 trillion), while nominal GDP is expected to rise 8.9 per cent to ₹346.36 lakh crore.
Real GVA is estimated to grow 7.9 per cent, with Q4 real GDP and GVA expanding 7.8 per cent and 7.9 per cent, respectively.
Economic activity also remained strong in the final quarter of the fiscal year. Real GDP in Q4 FY26 is estimated at ₹87.77 lakh crore, up 7.8 per cent from ₹81.40 lakh crore in the corresponding quarter of FY25. Nominal GDP for the quarter is estimated at ₹94.65 lakh crore, registering growth of 9.1 per cent year on year.
On the production side, real Gross Value Added (GVA) is estimated to have grown 7.9 per cent in FY26 to ₹294.91 lakh crore, compared with growth of 7.3 per cent in the previous year. Nominal GVA is projected at ₹314.87 lakh crore, marking an increase of 9.1 per cent from FY25.
For the fourth quarter, real GVA is estimated at ₹80.18 lakh crore, up 7.9 per cent year on year, while nominal GVA rose 9.9 per cent to ₹86.46 lakh crore.
The estimates are based on the new GDP series with 2022–23 as the base year, introduced by MoSPI in February 2026.
Fibre2Fashion News Desk (DS)
