FX.co ★ India FY26 GDP Revised Higher

India’s real gross domestic product is estimated to have grown by 7.6% in the 2026 financial year, revised up from the earlier 7.4% figure, matching the fastest expansion pace since FY2022. This acceleration contrasts with the government’s initial projection of 6.3% to 6.8% growth, made at a time when rising U.S. tariffs and reduced supplies of discounted Russian oil were expected to exert greater pressure on the economy. The impact of these headwinds was partly offset by increased deficit spending by the central government. Private consumption accelerated (7.7% vs 5.8% in FY25), gross fixed capital formation remained robust (7.1% vs 7.3%), and public expenditure stayed elevated (6.6% vs 6.5%).