Prime Minister Narendra Modi on Friday hailed India's 7.7% GDP growth for the fiscal year 2025-26, stating that the expansion underscores the "inherent strength" of the economy, the "success of reforms," and the "hard work of 140 crore Indians."
Modi's Remarks on Economic Performance
In a post on X, Modi said, "India's growth momentum remains strong! GDP growth rate of 7.7% in FY 2025-26 and 7.8% in Q4 of FY 2025-26 reflect the inherent strength of our economy, the success of reforms and the hard work of 140 crore Indians. We shall leave no stone unturned to further 'Ease of Living,' 'Ease of Doing Business' and increase opportunities for our youth."
GDP Data Highlights
According to data released by the Ministry of Statistics and Programme Implementation (MoSPI), India's economy grew 7.7% during 2025-26, surpassing the 7.1% expansion recorded in 2024-25. The GDP growth rate for the January-March quarter of FY26 was estimated at 7.8%.
The ministry stated, "Real GDP or GDP at Constant Prices is estimated to attain a level of Rs 323.12 lakh crore in the 2025-26, against the First Revised Estimate (FRE) of GDP for 2024-25 of Rs 299.89 lakh crore." Nominal GDP, or GDP at current prices, was estimated at Rs 346.36 lakh crore in FY26, compared with Rs 318.07 lakh crore in FY25, reflecting a growth rate of 8.9%.
RBI's Revised Forecast
Earlier in the day, the Reserve Bank of India (RBI) lowered its GDP growth forecast for FY27 to 6.6% from the 6.9% projected in April, citing elevated energy prices and supply disruptions arising from the conflict in West Asia.
The strong GDP numbers come amid global economic uncertainties, highlighting India's resilience and the effectiveness of policy measures undertaken by the government.
