PM Modi hails 7.4% GDP growth as a sign of India’s strong economic momentum, crediting the NDA government’s reforms. He called it the “Reform Express” gaining speed through smart investments and policies that boost demand. India’s real GDP is projected to grow by 7.4% in FY 2025-26, up from 6.5% last year, according to the first advance estimates from the Ministry of Statistics. This marks a solid recovery, beating earlier forecasts of 6.3-6.8%. Nominal GDP growth is estimated at 8.0%, fueled by steady activity across sectors.
Services lead the charge with 7.3% Gross Value Added (GVA) growth, highlighted by 9.9% in financial, real estate, and public services. Gross fixed capital formation rises to 7.8%, showing strong investments, while private consumption grows at 7.0%. Manufacturing and construction add 7.0%, though agriculture lags at 3.1%.
In a post on X, PM Modi said the “Reform Express” thrives on infrastructure boosts, manufacturing incentives, digital public goods, and Ease of Doing Business reforms. These steps aim for a prosperous India. The NDA’s demand-led policies sustain this upward trend.
FAQs [Frequently Asked Questions]
1. What is India’s projected GDP growth for FY 2025-26?
Real GDP grows at 7.4%, up from 6.5% last year, per NSO estimates. Nominal GDP hits 8.0%.
2. What powers the ‘Reform Express’ per PM Modi?
NDA’s investment push, demand policies, infrastructure, manufacturing incentives, digital goods, and Ease of Doing Business reforms drive it.
3. Which sectors lead this GDP growth?
Services (7.3% GVA), financial/real estate (9.9%), and investments (7.8%) top the list. Agriculture grows slower at 3.1%.