Economic Survey 2025-26: GDP growth for FY26 estimated at 7.4%; FY27 projected at 6.8–7.2%
The Economic Survey 2025-26, tabled by Finance Minister Nirmala Sitharaman on 29 January 2026, estimates real GDP growth of 7.4% in FY26 and projects 6.8–7.2% for FY27, with potential growth around 7%.
Summary
Finance Minister Nirmala Sitharaman tabled the Economic Survey 2025-26 in Parliament on 29 January 2026. Based on the First Advance Estimates, real GDP is estimated to grow 7.4% and GVA 7.3% in FY26, keeping India the fastest-growing major economy for the fourth year in a row; FY27 growth is projected at 6.8–7.2% and potential growth at about 7%. Private consumption rose to 61.5% of GDP and investment (GFCF) is estimated at 30.0%. Gross NPAs of banks fell to a multi-decade low of 2.2% in September 2025, inflation averaged 1.7% in April–December 2025, and forex reserves reached USD 701.4 billion on 16 January 2026.
Key facts
- Tabled
- 29 January 2026 by FM Nirmala Sitharaman
- FY26 real GDP growth (FAE)
- 7.4% (GVA 7.3%)
- FY27 projection
- 6.8–7.2%; potential growth ~7%
- PFCE share in GDP (FY26)
- 61.5%
- GFCF share (FY26)
- 30.0%
- Agriculture growth (FY26)
- 3.1%
- Gross NPA ratio
- 2.2% (Sept 2025, multi-decade low)
- Inflation
- Averaged 1.7% in April–December 2025
- Forex reserves
- USD 701.4 billion (16 Jan 2026), ~11 months of imports
Practice MCQs 5 questions
According to the Economic Survey 2025-26, India's real GDP growth for FY26 (First Advance Estimate) is estimated at:
Show answer
Correct answer: C — 7.4%
PIB: The Survey estimates FY26 real GDP growth at 7.4% (GVA 7.3%).
What real GDP growth range does the Economic Survey 2025-26 project for FY27?
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Correct answer: B — 6.8–7.2%
PIB: Real GDP growth for FY27 is projected at 6.8–7.2%, with potential growth around 7%.
As per the Economic Survey 2025-26, the gross NPA ratio of scheduled commercial banks fell to a multi-decade low of:
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Correct answer: A — 2.2%
PIB: Gross NPAs reached a multi-decadal low of 2.2% in September 2025.
Consider the following statements based on the Economic Survey 2025-26: 1. The share of private final consumption expenditure in GDP rose to 61.5% in FY26. 2. Domestic inflation averaged 1.7% during April–December 2025. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
PIB: PFCE share in GDP rose to 61.5% in FY26 and domestic inflation averaged 1.7% for April–December 2025.
According to the Economic Survey 2025-26, India's foreign exchange reserves as of 16 January 2026 stood at about:
Show answer
Correct answer: B — USD 701.4 billion
PIB: Forex reserves rose to USD 701.4 billion as of 16 January 2026, covering 11 months of imports. (USD 825.3 billion = total exports in FY25.)