India Remains Fastest-Growing Major Economy, Says Rajnath Singh as GDP Expands 7.7% in FY26

New Delhi, June 2026: Defence Minister Rajnath Singh on Saturday said India continues to distinguish itself as the world’s fastest-growing major economy despite ongoing global economic uncertainties, citing strong GDP growth figures that reflect the country’s resilience and sustained reform-driven progress.

Highlighting the latest economic data, Singh said India recorded a growth rate of 7.7 per cent during the financial year 2025-26, with the economy accelerating further to 7.8 per cent in the January-March quarter. He attributed this performance to the government’s long-term policy approach built around the mantra of “Reform, Perform, Transform.”

In a message posted on social media platform X, the Defence Minister said the robust growth figures underscore the underlying strength of the Indian economy and the foundations laid over the past twelve years through structural reforms, improved governance and focused development initiatives.

According to Singh, under the leadership of Prime Minister Narendra Modi, India has successfully balanced rapid economic growth with stability, credibility and sustainability. He noted that the government’s emphasis on innovation, entrepreneurship, infrastructure development and economic reforms has helped position India as a confident and resilient global economic power.

He further stated that India’s growth story is creating new opportunities across sectors while strengthening the aspirations of the country’s 1.4 billion citizens. The Defence Minister said the nation’s economic progress is playing a crucial role in advancing the vision of a developed India, or “Viksit Bharat.”

Prime Minister Narendra Modi had also welcomed the latest GDP figures on Friday, describing them as evidence of the economy’s inherent strength, the effectiveness of ongoing reforms and the hard work of the people of India.

In his social media post, the Prime Minister said India’s growth momentum remains strong and reaffirmed the government’s commitment to improving both the ease of living and ease of doing business while expanding opportunities for young people.

The latest figures released by the Ministry of Statistics and Programme Implementation (MoSPI) show that India’s economy grew by 7.7 per cent in FY26, improving on the 7.1 per cent expansion recorded in FY25.

The ministry estimated that real Gross Domestic Product (GDP), measured at constant prices, reached Rs 323.12 lakh crore in FY26 compared to Rs 299.89 lakh crore in the previous financial year.

The data also revealed strong growth in nominal GDP, which is measured at current prices. Nominal GDP was estimated at Rs 346.36 lakh crore during FY26, up from Rs 318.07 lakh crore in FY25, registering an annual growth rate of 8.9 per cent.

The encouraging figures come at a time when several major economies continue to face challenges arising from geopolitical tensions, inflationary pressures and slowing global demand. Against this backdrop, India’s sustained expansion has reinforced its position as one of the key drivers of global economic growth and a leading destination for investment and business opportunities.