New Delhi, India\u2019s real GDP growth rate has been projected at 7.4 per cent in FY 2025-26, up from 6.5 per cent during FY 2024-25, according to the advanced estimates released by the Ministry of Statistics on Wednesday.<\/p>\n\n\n\n
The buoyant growth in the services sector has been found to be a major driver with a robust growth of 9.9 per cent at constant prices in FY 2025-26 for financial services, real estate, professional services, and public administration.<\/p>\n\n\n\n
Trade, hotels, transport, and communication & services related to the broadcasting sector have been estimated to grow by 7.5 per cent, the official statement said.<\/p>\n\n\n\n
Manufacturing and construction in the secondary sector have been estimated to achieve a growth rate of 7 per cent, while the agriculture sector growth rate is estimated at 3.1 per cent.<\/p>\n\n\n\n
Real Private Final Consumption Expenditure (PFCE) has been estimated to attain a growth rate of 7 per cent during FY 2025-26, backed by the income tax exemptions announced in the Budget for 20205-26 and subsequent GST rate cuts across goods and services.<\/p>\n\n\n\n
Gross Fixed Capital Formation (GFCF) has been estimated to have a 7.8 per cent growth rate at Constant Prices during FY 2025-26, compared to a 7.1 per cent growth rate in the previous FY.<\/p>\n\n\n\n
India\u2019s GDP growth had accelerated to a robust 8.2 per cent in the second quarter (July-September) of the current financial year compared to the corresponding figure of 5.6 per cent during the same quarter of FY 2024-25, according to figures released in November.<\/p>\n\n\n\n
The secondary and tertiary sectors, with growth rates of 8.1 per cent and 9.2 per cent respectively, have boosted the real GDP growth rate in Q2 of FY 2025-26 to rise above 8 per cent, an official statement said.<\/p>\n\n\n\n
The manufacturing sector clocked a strong growth rate of 9.1 per cent, while the construction segment grew at 7.2 per cent in the secondary sector during the quarter.<\/p>\n\n\n\n
The growth rate of the financial, real estate and professional services in the tertiary sector jumped by a double-digit 10.2 per cent in Q2 of FY 2025-26.<\/p>\n\n\n\n
The agriculture and allied sector posted a 3.5 per cent growth, while the electricity, gas, water supply, and other utility services sector grew by 4.4 per cent during the second quarter.<\/p>\n\n\n\n
Real PFCE shot up by 7.9 per cent during Q2 of FY 2025-26 as compared to the 6.4 per cent growth rate in the corresponding period of the previous financial year, reflecting the higher incomes and employment being generated in the economy.<\/p>\n\n\n\n
The acceleration in the growth rate in the second quarter comes on the back of a high growth rate of 7.8 per cent in the first quarter (April-June) of the current financial year.<\/p>\n\n\n\n
The real GDP growth rate now works out to an impressive 8 per cent for the first half H1 (April-September) of FY 2025-26, as compared to the growth rate of 6.1 per cent in H1 of FY 2024-25, the figures showed.<\/p>\n\n\n\n
The figures show that India continues to be the world\u2019s fastest-growing major economy despite global headwinds such as the US tariff hikes.<\/p>\n\n\n\n
The IMF has forecast India to be the only economy that is expected to clock an over 6 per cent growth rate in 2025-26 as the US tariff turmoil is expected to disrupt world trade and slow down the growth of the global economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
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