India’s GDP to grow at 7.4% in 2025-’26, say official estimates© timesofindia.indiatimes.com

India’s GDP to grow at 7.4% in 2025-’26, say official estimates

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India’s gross domestic product is projected to grow at 7.4% in the financial year 2025-’26, from 6.5% in 2024-’25, according to the first advance estimates released by the National Statistics Office on Wednesday.

The projection released by the Ministry of Statists and Programme Implementation is slightly higher than the Reserve Bank of India’s forecast of a growth rate of 7.3%.

The manufacturing output is estimated to grow at 7% in the current fiscal year against the 4.5% rise in the previous year. The construction sector is also expected to record a growth of 7%, but lower than 9.4% last year.