GDP Growth
Based on H1 print, India's FY26 GDP growth can comfortably be over 7%
This story was originally published at 19:45 IST on 28 November 2025
Register to read our real-time news.Informist, Friday, Nov. 28, 2025
Please click here to read all liners published on this story
--CEA: After H1, can comfortably say FY26 GDP print to be 'north of 7%'
--CEA: Indian econ to definitely cross $4 tln mark by end of FY26
--CEA: Inflation being low despite strong demand good sign for econ
--CEA: Econ seen navigating very well in specially eventful year
--CEA: GST mop-up rise of 9% in Apr-Oct shows resilience in revenue stream
--CEA: Full impact of GST rationalisation to show in coming months' data
--CEA: Export diversification is helping mitigate US tariff impact
--MoSPI secy: To release GDP 1st advance estimate using current series Jan 7
--CONTEXT: CEA Nageswaran's comments after release of GDP data for Q2
NEW DELHI – Based on the economy's stronger-than-expected performance in the first half of 2025–26 (Apr-Mar), the GDP growth for the full year can comfortably be over 7%, Chief Economic Adviser to the Government, V. Anantha Nageswaran said Friday while briefing media after the statistics ministry released the GDP data for Jul-Sept. The Economic Survey for FY25 had estimated India's GDP growth to be 6.3–6.8% in FY26.
In the Jul-Sep quarter, India's GDP growth rose to a six-quarter high of 8.2%. The GDP print for the first half of the year was at 8.0% and nominal GDP growth was 8.8%.
The gap between real and nominal GDP growth has narrowed due to low inflation, Statistics Secretary Saurabh Garg said at the briefing. Meanwhile, Nageswaran pointed out that inflation is low even as domestic demand is strong. This is a good sign for the economy, he added. India's private final consumption, an indicator of demand strength, grew 7.9% in Jul–Sept, whereas the CPI inflation averaged 1.7%.
The rationalisation of Goods and Services Tax also had some impact on the demand and GDP growth in Jul-Sept, but its full impact will be visible in the coming months, the chief economic adviser said. Besides, the 9% growth in GST collections in Apr-Oct also shows resilience in the underlying revenue stream, Nageswaran said.
The strong GDP growth in Jul-Sept was despite the 50% tariff imposed by the US on Indian goods in August. According to Nagewaran, export diversification is helping the economy mitigate the impact of the high tariff on GDP growth. But the external sector risk still remains and warrants caution, he said.
Overall, the Indian economy is navigating very well in an especially eventful year, Nageswaran said. At this pace of growth, the economy's size will definitely cross the $4 trillion mark by the end of the current fiscal year.
The government will release its advanced estimates for FY26 GDP growth on Jan. 7, based on the current GDP series with FY12 as the base year, Garg said. The statistics ministry will introduce the new GDP series with FY23 as the base year in February. Subsequent GDP data releases will be based on FY23 prices. End
US$1 = INR 89.46
Reported by Krity Ambey
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
