Annual Gross Value Added Sees 6.6% Percentage Point Increase Over FY25
India's Real Gross Value Added (GVA) Growth Accelerates in FY26
India's real gross value added (GVA) growth accelerated to 7.9 percent in the fiscal year (FY) 26, surpassing the previous year's growth of 7.3 percent, according to data released by the Ministry of Statistics and Programme Implementation on June 5.
The nominal GVA growth rate, however, moderated to 9.1 percent in FY26 from 9.6 percent in FY25. The real GVA in FY26 is estimated at Rs 294.91 lakh crore, a significant increase from Rs 273.36 lakh crore in FY25. The nominal GVA is estimated to grow to Rs 314.87 lakh crore from Rs 288.54 lakh crore in FY25.
On a sequential basis, the real GVA growth declined from 8 percent in the third quarter of FY26. However, it rebounded in the fourth quarter of FY26, growing by 7.9 percent at Rs 80.18 lakh crore, against Rs 74.32 lakh crore in the same quarter of FY25. The nominal GVA in the March quarter of FY26 also registered a growth of 9.9 percent to Rs 86.46 lakh crore, against Rs 78.68 lakh crore in the same quarter of FY25.
Sectoral Breakdown
The primary sector, which includes agriculture, livestock, fishing, mining, and quarrying, saw its growth slow down to 3.2 percent in FY26 from 4.9 percent in the previous year. The agriculture, livestock, forestry, and fishing sectors recorded a growth of 3 percent in GVA, down from 4.2 percent in FY25. Mining and quarrying GVA growth slowed to 5.2 percent in the last fiscal from 11.7 percent in FY25.
In contrast, the real GVA of the secondary sector, including manufacturing, electricity, and construction, grew by 8.8 percent from 8 percent in FY25. The manufacturing sector's GVA grew by 10.7 percent, up from 9.3 percent in FY25. The construction sector's GVA grew by 7.4 percent compared to 7.3 percent in FY25.
The tertiary sector registered a growth of 9.3 percent in real GVA in FY26 against 7.9 percent in FY25. Trade, hotels, transport, communication, and services related to broadcasting, and storage under the tertiary sector recorded a GVA growth of 11 percent in FY26 against 6.6 percent in FY25. The financial, real estate, IT, professional services, and ownership of dwelling sectors registered a 10.4 percent growth in GVA in FY26 against 10.0 percent in FY25. In public administration, defence, and other services, GVA grew by 5.0 percent, unchanged from the previous fiscal year.
Read also: GDP Growth Surpasses Expectations in First Quarter
| Sector | GVA Growth Rate (FY26) | GVA Growth Rate (FY25) |
|---|---|---|
| Primary Sector | 3.2% | 4.9% |
| Secondary Sector | 8.8% | 8.0% |
| Tertiary Sector | 9.3% | 7.9% |
| Manufacturing Sector | 10.7% | 9.3% |
| Construction Sector | 7.4% | 7.3% |
| Trade, Hotels, Transport, Communication | 11.0% | 6.6% |
| Financial, Real Estate, IT, Professional Services | 10.4% | 10.0% |
| Public Administration, Defence, Other Services | 5.0% | 5.0% |
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