New Delhi: Based on current indicators, nominal GDP growth would be close to 11 per cent, comfortably crossing USD 4 trillion-mark, Chief Economic Advisor Dr V Anantha Nageswaran said on Friday.
The Indian economy continues to maintain strong growth momentum, supported broad-based activities, CEA Nageswaran said.
India’s Stronger GDP Growth Outlook for FY27
CEA Nageswaran said the economic growth projection for 2026-27 is revised upwards by 20 basis points to 7-7.4 per cent following the release of new GDP series. The Economic Survey presented in Parliament in January had estimated a growth rate of 6.8-7.2 per cent for the upcoming financial year.
Ministry of Statistics and Programme Implementation (MoSPI) has released the new series of annual and quarterly National Accounts Estimates with base year 2022–23. It replaces the previous series with base year of 2011–12.
“…we are improving our GDP growth outlook for FY27 from 6.8 to 7.2 previously to 7 to 7.4 per cent under the new series…the economy is more likely to achieve a number closer to 7.4 per cent rather than 7 per cent,” Nageswaran said while addressing the mediapersons on the release of new series.
Taking into account the current indicators, the CEA said that based on the nominal GDP growth would be near to 11 per cent and the size of the economy would comfortably cross USD 4 trillion-mark.
Nageswaran assured that the Indian economy is showing strong growth momentum, and is supported by broad-based activities.
As per the new series, India’s GDP is expected to grow at 7.6 per cent during this current fiscal, up from 7.1 per cent in the previous fiscal.
Meanwhile, the government data released today showed that India’s economy grew by 7.8 per cent during the October-December quarter of 2025-26. The Ministry of Statistics and Programme Implementation (MoSPI) on Friday released the New Series of Annual and Quarterly National Accounts Estimates with the base year 2022–23.