India's economy grows 7.7% in FY26 despite global turmoil, war concerns

Key points

• India's economy accelerated in FY26, with provisional government data showing real GDP growth of 7.7%, up from 7.1% in the previous year despite a backdrop of global uncertainty, geopolitical tensions and elevated energy prices.
• Data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday also showed that the economy expanded 7.8% in the January-March quarter, indicating growth remained robust through the end of the financial year.
• Real GDP, measured at constant 2022-23 prices, is estimated to have reached Rs 323.12 lakh crore in FY26, compared with Rs 299.89 lakh crore in FY25. Nominal GDP, which includes the impact of inflation, grew 8.9% to Rs 346.36 lakh crore from Rs 318.07 lakh crore a year earlier.
• The provisional estimates are based on actual data available for all four quarters of FY26 and represent a revision from the Second Advance Estimates released in February, which were...