India Remains Fastest-Growing Major Economy for Fourth Consecutive Year: Economic Survey

• India's real GDP growth is estimated at 7.4% in FY26, marking its fourth consecutive year as the fastest-growing major economy.
• Gross Value Added (GVA) growth for FY26 is projected at 7.3%, indicating sustained momentum despite global uncertainties.
• Domestic demand, supported by capital formation, and robust manufacturing and services sectors are driving economic growth.
• Private final consumption expenditure (PFCE) reached 61.5% of GDP in FY26, the highest since FY12, signaling strong consumption.
• The Economic Survey projects potential GDP growth to rise from 6.5% to around 7% in the medium term, but warns of geopolitical risks.

Why It Matters: India maintains its position as the fastest-growing major economy, driven by strong domestic demand and sectoral growth.