Economic Survey 2025–26: India’s GDP Growth Projected at 7.4%

New Delhi: Setting the tone ahead of the Union Budget, Finance Minister Nirmala Sitharaman on Thursday tabled the Economic Survey 2025–26 in Parliament, projecting India’s real GDP growth at 7.4 per cent and painting a picture of steady expansion driven largely by domestic demand.

Prepared by the Department of Economic Affairs under the leadership of Chief Economic Advisor V. Anantha Nageswaran, the survey offers a comprehensive snapshot of the economy’s current health and its future trajectory. It was presented in the Lok Sabha two days before the Budget, traditionally seen as the government’s key economic blueprint.

HIGHLIGHTS: ECONOMIC SURVEY 2025-26

➡️First advance estimate projects real GDP growth and GVA growth for FY26 to 7.4 and 7.3 per cent respectively

➡️Potential growth for India estimated at around 7 per cent, while real GDP growth for FY27 projected at 6.8-7.2 per cent… pic.twitter.com/z2ARYXvdro

— PIB India (@PIB_India) January 29, 2026

The Survey estimates that India’s economy will grow between 6.8 and 7.2 per cent in FY27, citing strong domestic drivers, stable macroeconomic fundamentals and a broadly balanced risk outlook despite global uncertainties.

“With domestic drivers playing a dominant role and macroeconomic stability well anchored, the balance of risks around growth remains broadly even. The outlook is one of steady growth amid global uncertainty, requiring caution but not pessimism,” the Survey noted.

For FY26, the Survey pegs growth at 7 per cent, slightly below the 7.4 per cent projected in the National Statistical Office’s first advance estimate. The previous Economic Survey had forecast FY26 growth in the range of 6.3 to 6.8 per cent, indicating an upward revision as economic momentum strengthened. Official data shows FY25 growth at 6.5 per cent.

Economists will now closely examine how sustainable this growth is, and whether it reflects broad-based momentum across sectors or increasing reliance on government-led spending. With the Union Budget around the corner, the Survey sets the stage for policy decisions aimed at maintaining India’s growth engine in a challenging global environment.