'Success of reforms and hard work of 140 crore Indians': PM Modi hails 7.7% GDP growth in FY26

Hailing India's 7.7% GDP growth in FY26, Prime Minister Narendra Modi on Friday said the expansion reflected the "inherent strength" of the economy, the "success of reforms" and the "hard work of 140 crore Indians".


"India’s growth momentum remains strong! GDP growth rate of 7.7% in FY 2025-26 and 7.8% in Q4 of FY 2025-26 reflect the inherent strength of our economy, the success of reforms and the hard work of 140 crore Indians. We shall leave no stone unturned to further ‘Ease of Living,’ ‘Ease of Doing Business’ and increase opportunities for our youth," Modi posted on X.

According to data released by the Ministry of Statistics and Programme Implementation (MoSPI), India's economy grew 7.7% during 2025-26, higher than the 7.1% expansion recorded in 2024-25.

The GDP growth rate for the January-March quarter of FY26 was estimated at 7.8%.

"Real GDP or GDP at Constant Prices is estimated to attain a level of Rs 323.12 lakh crore in the 2025-26, against the First Revised Estimate (FRE) of GDP for 2024-25 of Rs 299.89 lakh crore," the ministry said.

Nominal GDP, or GDP at current prices, was estimated at Rs 346.36 lakh crore in FY26, compared with Rs 318.07 lakh crore in FY25, reflecting a growth rate of 8.9%.

Earlier in the day, the RBI lowered its GDP growth forecast for FY27 to 6.6% from the 6.9% projected in April, citing elevated energy prices and supply disruptions arising from the conflict in West Asia.

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