Explained: FY26 GDP Growth Estimates | Growth Data To Guide Budget Moves скачать в хорошем качестве

Explained: FY26 GDP Growth Estimates | Growth Data To Guide Budget Moves

The Ministry of Statistics and Programme Implementation on Wednesday released the first advance estimates of GDP for FY26, offering crucial signals ahead of the Union Budget 2026. According to the government’s estimates, India’s real GDP growth for FY26 is pegged at 7.4%, higher than 6.5% in FY25, while nominal GDP growth is seen at 8.0%, lower than 9.8% recorded last year and also below the 10.1% assumption in the Budget. On the sectoral front, GVA growth is projected at 7.3%, up from 6.4% in FY25. Services remain the key growth driver, with growth seen at 9.1%, compared with 7.2% last year. Manufacturing activity shows a strong rebound, with growth estimated at 7.0% versus 4.5% in FY25, while industry growth is pegged at 6.2%. However, some pockets show moderation. Agriculture growth is seen slowing to 3.1% from 4.6%, mining is projected to contract by 0.7%, and construction growth is expected to ease to 7.0% from 9.4% last year. On the demand side, private consumption growth is estimated at 7.0%, largely stable year-on-year. Gross fixed capital formation is seen growing 7.8%, indicating steady investment momentum, while government consumption expenditure growth is projected to rise to 5.2%, up sharply from 2.3% in FY25. These estimates are critical as they will shape Budget 2026 calculations, influencing fiscal planning, revenue assumptions, and policy priorities. To decode what these numbers mean for the economy and the upcoming Budget, Siddharth Zarabi, Group Editor, Business Today spoke with Saugata Bhattacharya, Senior Fellow, CPR; Member, Monetary Policy Committee and Siddhartha Sanyal, Chief Economist, Bandhan Bank. #BusinessToday #IndiaGDP #MarketOutlook2026 #FY26GDP #GDPGrowth #Budget2026 #EconomicOutlook #BudgetPlanning #FiscalPolicy #EconomicPolicy #UnionBudget ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook:   / businesstoday   twitter:   / business_today   Instagram:   / business_today