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After 7.7% GDP growth, Sitharaman reiterates push for 'Reform Express'
๐Ÿ‡ด๐Ÿ‡ฒ Oman /Economy & Trade

After 7.7% GDP growth, Sitharaman reiterates push for 'Reform Express'

From Times of Oman · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • India's economy grew by 7.7% in the financial year 2025-26, according to official data.
  • Finance Minister Nirmala Sitharaman highlighted strong performance in manufacturing and services sectors.
  • The government plans to continue pursuing reforms to maintain economic momentum amid global challenges.

India's economy demonstrated robust growth in the financial year 2025-26, with real Gross Domestic Product (GDP) estimated to expand by 7.7 percent. This strong performance has prompted Union Finance Minister Nirmala Sitharaman to reaffirm the government's commitment to continuing its reform agenda.

Our government led by Hon'ble PM Shri Narendra Modi is committed to further drive the 'Reform Express' with decisive policy measures to ensure positive economic momentum amidst the global challenges.

โ€” Nirmala SitharamanThe Finance Minister reacted to the latest GDP data on X.

Responding to the GDP figures, Sitharaman stated on X that the government, led by Prime Minister Narendra Modi, is dedicated to advancing the "Reform Express" through decisive policy actions. This push aims to sustain positive economic momentum despite prevailing global uncertainties and challenges.

The Finance Minister detailed key economic indicators, noting that real GVA (Gross Value Added) grew by 7.9% in FY 2025-26. For the January-March quarter (Q4) of the same fiscal year, both real GDP and real GVA were estimated to grow by 7.8% and 7.9%, respectively.

Real GDP has been estimated to grow by 7.7% in FY 2025-26 (PE).

โ€” Nirmala SitharamanThe Finance Minister highlighted key economic indicators.

Sitharaman emphasized the broad-based nature of this growth, pointing out that sectors such as Manufacturing, Trade, Repair, Hotels, Transport, Communication, Broadcasting services, and Financial and Real Estate services achieved double-digit growth. This occurred at both constant and current prices during FY 2025-26.

Real GVA has grown by 7.9% in FY 2025-26 (PE).

โ€” Nirmala SitharamanThe Finance Minister highlighted key economic indicators.

These remarks come as many global economies are navigating geopolitical tensions, trade uncertainties, and uneven growth patterns. The Indian government's focus remains on implementing reforms and policies designed to maintain the country's growth trajectory and ensure economic stability in the face of international headwinds.

Real GDP and Real GVA have been estimated to grow by 7.8% and 7.9%, respectively, in Q4 of FY 2025-26 (PE).

โ€” Nirmala SitharamanThe Finance Minister pointed to the economy's performance in the January-March quarter.
DistantNews Editorial

Originally published by Times of Oman. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.