India GDP Data Live: CEA Nageswaran Says Investment, Consumption Up As India 'Outshines' Others

The secretary of the Ministry of Heavy Industries received an e-mail on Friday threatening to blow up Udyog Bhawan, housing several central departments, sending the security apparatus into intense action, officials said.

(Source: PTI)

Chief Economic Adviser V. Anantha Nageswaran expressed confidence that both manufacturing and services indices are firmly in expansionary zone heading into FY26.

"E-way bill generation has picked up. Average hotel occupancy, cargo shipping growth rate better. The momentum of the economy which picked up in Q4 is moving into new FY as well," he said.

The Union government's fiscal deficit reached 11.9% of the budgeted target by April for fiscal 2026, according to the Controller General of Accounts.

The fiscal deficit was Rs 1.86 lakh crore, as per data released on Friday. The revenue deficit was 9.4% of fiscal target at Rs 49,000 crore.

Chief Economic Adviser V. Anantha Nageswaran said the provisional estimate for India's GDP is in line with the second advanced estimate and the country still outshines large economies.

"The nominal growth is 9.8% for the full year. There is fairly robust domestic demand. Private consumption share highest in two decades. The capital formation is very steady at 30%," he said.