Chief Economic Adviser V. Anantha Nageswaran presented the Economic Survey 2025-26 in Parliament on January 31, 2026 — the day before the Union Budget. Key highlights: Real GDP grew 7.4% in FY26 (GVA 7.3%). FY27 growth projected at 6.8-7.2%. CPI inflation averaged a historic low of 1.7% in April-December 2025 — the lowest in the current series (2012=100). Manufacturing GVA accelerated to 7.72% (Q1) and 9.13% (Q2) in FY26. Services sector grew 9.1% in FY26 (up from 7.2% in FY25). PLI schemes attracted over ₹2 lakh crore investment, generated ₹18.7 lakh crore production, created 12.6 lakh jobs. Gross NPAs fell to 2.2% (September 2025) — multi-decadal low. India's Global Innovation Index rank improved to 38th (from 66th in 2019). India remained world's largest remittance recipient: USD 135.4 billion in FY25.
Economic Survey 2025-26: GDP Grew 7.4% in FY26; Projects 6.8-7.2% for FY27
Economic Survey 2025-26: GDP 7.4% in FY26; FY27 projected 6.8-7.2%; inflation historic low 1.7%; Gross NPAs at 2.2%; GII rank 38.
Key facts
- Chief Economic Adviser V. Anantha Nageswaran presented Economic Survey 2025-26 on January 31, 2026: Real GDP grew 7.4% in FY26; FY27 projected at 6.8-7.2%.
- CPI inflation averaged historic low of 1.7% in April-December 2025 — lowest in the current series (2012=100).
- PLI schemes attracted over ₹2 lakh crore investment, generated ₹18.7 lakh crore production, created 12.6 lakh jobs.
- Gross NPAs fell to 2.2% (September 2025) — multi-decadal low; India's GII rank improved to 38th from 66th in 2019.
- India remained world's largest remittance recipient: USD 135.4 billion in FY25.
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Who tabled the Economic Survey 2025-26 in Parliament on January 29, 2026?
The Economic Survey 2025-26 was tabled in Parliament on January 29, 2026 by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman. Chief Economic Adviser V. Anantha Nageswaran led the preparation of the Survey, but he did not table it in Parliament.
Source: PIB
Frequently asked questions
What is India's GDP growth rate in FY26 according to Economic Survey 2025-26?
The **Economic Survey 2025-26**, tabled by Finance Minister **Nirmala Sitharaman** on **January 29, 2026**, estimated India's **real GDP growth at 7.4% for FY26** with GVA growth at **7.3%**. This marks India's **fourth consecutive year** as the fastest-growing major economy in the world.
What is India's GDP growth projection for FY27 per Economic Survey 2025-26?
The **Economic Survey 2025-26** projects India's real GDP growth in the range of **6.8% to 7.2% for FY27**, with medium-term potential growth estimated at around **7%**. India received **three sovereign credit rating upgrades in 2025** from **Morningstar DBRS, S&P Global, and R&I Inc.**
What drove India's GDP growth to 7.4% in FY26?
India's **7.4% GDP growth in FY26** was primarily driven by **strong domestic demand**: **Private Final Consumption Expenditure (PFCE) grew 7.0%**, reaching **61.5% of GDP** — the highest share since 2011-12. **Gross Fixed Capital Formation (GFCF) grew 7.8%**, maintaining a **30% share of GDP**.
How many consecutive years has India been the fastest-growing major economy?
India has been the **fastest-growing major economy for four consecutive years** as of FY26, with GDP growth of **7.4%**. The Economic Survey was prepared under the guidance of **Chief Economic Adviser V. Anantha Nageswaran** and was tabled in Parliament on **January 29, 2026**, ahead of the Union Budget.
Which sovereign credit rating agencies upgraded India in 2025?
India received **three sovereign credit rating upgrades in 2025**: from **Morningstar DBRS** (which upgraded India's credit outlook), **S&P Global** (revised India's outlook upward), and **R&I Inc.** (Japanese rating agency). These upgrades reflect India's improved fiscal management, declining public debt trajectory, and robust growth momentum.
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