INDIA’S REAL GDP ESTIMATED TO GROW BY 7.4% IN FY 2025–26, WITH NOMINAL GDP GROWTH AT 8%

• First Advance Estimates (FAE) released by NSO/MoSPI peg India's real GDP growth at 7.4% and nominal GDP growth at 8% in FY 2025-26, used as the macro anchor for Union Budget 2026-27.
• India reaffirmed as the fastest-growing major economy for the fourth consecutive year; estimates feed into deficit, debt and devolution ratios in the Budget.
• Relevant for GS-III (Indian Economy — growth, mobilisation of resources, budgeting) and Prelims (macro indicators, FC devolution, FRBM debt path).