India FY26 GDP Revised Higher

The real Indian gross domestic product is estimated to have grown 7.6% during the 2026 financial year, revied higher from the earlier estimate of 7.4%, tom tie for the sharpest expansion rate since FY2022. The acceleration contrasts to the government’s initial projection that growth would range between 6.3% and 6.8%, when mounting tariffs by the United States and lower flows of cheap oil from Russia presented concerns of a higher impact on the economy, partially limited due to higher deficit spending by the central government. Private expenditure accelerated (7.7% vs 5.8% in FY25) and gross fixed capital formation picked up (7.1% vs 7.3%), while public expenditure remained elevated (6.6% vs 6.5%).