According to the statistics office, India's nominal GDP is expected to grow by 8 percent in the coming fiscal year.
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The federal government of India has projected that the country's real gross domestic product will grow by 7.4 percent in the fiscal year 2025-26 (April 1, 2025 to March 31, 2026).
According to the data released by the National Statistical Office, this projection is higher than the economic growth rate of 6.5 percent in the previous fiscal year.
According to the statistics office, India's nominal GDP is estimated to grow by 8 percent in the coming fiscal year.
It has been pointed out that the service sector will play a major role in this expansion of the Indian economy. The NSO has stated that the continued encouraging growth seen in the service sector has given impetus to the overall economy.
This projection indicates that the Indian economy is on the path of recovery and that the performance of domestic demand and the service sector is strong.
