PM Modi Hails India's 7.4% GDP Growth for FY26: 'Reform Express Gains Momentum'

• PM Modi lauded India's projected Real GDP growth of 7.4% for 2025-26, attributing it to the NDA government's investment push and demand-led policies.
• The Ministry of Statistics and Programme Implementation and NSO released advance estimates, showing Real GDP reaching Rs 201.90 lakh crore in FY26.
• Growth is primarily driven by the services sector (7.3% GVA growth), with financial, real estate, and public administration services projected to grow by 9.9%.
• Manufacturing, construction (7% expansion), trade, hotels, transport (7.5%), and agriculture (3.1%) also contribute to overall growth.
• Demand-side indicators show private final consumption expenditure (PFCE) rising by 7% and gross fixed capital formation (GFCF) by 7.8%.

Why It Matters: India's economy is projected for strong growth in FY26, driven by government policies and key sectors.