India's GDP Surges to 7.6% in FY26, FDI Jumps 18%; Fiscal Deficit at 63%
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News18•27-02-2026, 21:30
India's GDP Surges to 7.6% in FY26, FDI Jumps 18%; Fiscal Deficit at 63%
•India's economic growth estimate for the current fiscal year was raised to 7.6% following a revamp of the GDP calculation framework.
•Foreign direct investment (FDI) in India increased by 18% to USD 47.87 billion during April-December FY26, with inflow from the US nearly doubling.
•The Centre’s fiscal deficit stood at 63% of the annual budget target by January-end, totaling Rs 9.8 lakh crore.
•Commerce Minister Piyush Goyal stated India is monitoring US developments, noting the trade deal allows for rebalancing if circumstances change.
•The economic growth projection for the next fiscal year (FY27) was revised upwards to 7-7.4%, with the economy expected to cross the USD 4 trillion mark.
