The Ministry of Statistics and Programme Implementation (MoSPI) has released the Provisional Estimates of the Annual Gross Domestic Product (GDP) for the financial year...
At its core, GDP is not a directly observable number but an estimate constructed from multiple data sources, surveys, and statistical techniques. In a country like India, where a significant portion of economic activity occurs in the informal sector, measuring output with precision is inherently challenging.
Prime Minister Narendra Modi distributed over 61,000 appointment letters at the 18th Rozgar Mela. Highlighting India’s doubled GDP and surging FDI, the PM emphasized new global job opportunities created through international mobility agreements and the government's commitment to youth-driven national growth.
The government forecasts 7.4% GDP growth for FY26, slightly above RBI’s estimate and FY25’s 7.3%, signaling resilience against US tariffs up to 50%. November exports jumped 20% to $38.13 billion, with 22% gains to the US and 90% to China. Private consumption rises 7%, manufacturing 7%, and investments strengthen, narrowing the trade deficit.