India's Growth Resilient Despite Global Shocks, FY26 Fiscal Deficit Slightly Higher: MoSPI Secy

• India's economy remains "extremely resilient" with real GDP growth consistently above 7% for three years.
• FY24 real GDP growth revised to 7.2%, maintaining strong momentum.
• FY26 nominal GDP estimated at ₹345.47 lakh crore, slightly lower than earlier estimates, with the gap expected to narrow.
• FY26 fiscal deficit revised to 4.5% of GDP (from 4.4%) due to lower nominal GDP base, not fiscal deterioration.
• MoSPI Secy Garg dismissed IMF rating controversy as a "storm in a tea cup," citing robust data systems and base year update.