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BUDGET SHOULD AID GROWTH WITH FISC CONSOLIDATION
Mint New Delhi
|January 20, 2026
India’s real and nominal GDP growth rates for 2025-26 are estimated at 7.4% and 8.0%, respectively, according to the National Statistics Office’s first advance estimates.
In 2026-27, with prospects of higher retail and wholesale inflation, we may expect real and nominal GDP growth rates at close to 6.5% and 9.5%, respectively. These appear to be some basic numbers with which budget makers will have to work with.
The nominal GDP magnitude for 2025-26 is estimated at ₹357.4 trillion. Applying a nominal growth of 9.5% would provide a figure of ₹391.1 trillion for 2026-27.
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