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Informist, Friday, Jan. 31, 2025

--Govt source: Economic Survey may peg FY26 GDP growth at 6.5-7.0% 

NEW DELHI – The Economic Survey may project India's GDP growth for 2025-26 (Apr-Mar) at 6.5-7.0%, a government source said. India's GDP is estimated to have grown 6.4% in FY25, as per government data. The Economic Survey for FY25 will be released on Friday.

The last Economic Survey, which was released in July, had pegged the GDP growth for FY25 at 6.5-7.0%. The economy, however, is estimated to have grown at a slower pace this year because of low government capital spending and moderating urban consumption.

Economists expect India's GDP growth to recover in FY26 on expectations of higher capital spending by the government and improving rural consumption. The World Bank earlier this month said it expects the Indian economy to grow 6.7% in FY26. The International Monetary Fund projects India's GDP to grow 6.5% next year.

The finance ministry is expected to assume nominal GDP growth of 10.5% for FY26 in the Union Budget, scheduled to be presented on Saturday, according to an Informist poll of 17 economists. This would be the third full budget in a row in which the key growth figure is assumed to be 10.5% for the government's budget calculations.  End

Reported by Kuldeep Singh

Written by Shubham Rana

Edited by Ashish Shirke

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