Core Insights - The domestic GDP growth for FY26 is expected to exceed the current estimate by the National Statistical Office (NSO) once the new base year is released, according to a report by the State Bank of India (SBI) [1] GDP Growth Estimates - The NSO's first advance estimate projects GDP growth at 7.4% for FY26, up from 6.5% in FY25, with Gross Value Added (GVA) growth at 7.3% and nominal GDP growth at 8% [2] - SBI anticipates GDP growth for FY26 could be around 7.5%, particularly with the base year revision to 2022-23 [2] Future Revisions - The second advance estimates, which will include additional data and revisions, are set to be released on February 27, 2026, and are expected to reflect changes following the base revision [3] - Historically, the difference between GDP growth estimates from the Reserve Bank of India and the NSO has been around 20-30 basis points, making the 7.4% estimate for FY26 reasonable [3] Per Capita National Income - The growth momentum is projected to positively impact per capita national income, which is expected to increase by ₹16,025 annually, reaching ₹2,47,487 in FY26 [3] Sectoral Growth Projections - Agriculture and allied activities are projected to grow by 3.1% in FY26, down from 4.6% in the previous year [4] - The services sector is expected to be the main growth driver, with an estimated growth of 9.1% in FY26, compared to 7.2% last year [4] - The industry sector is projected to grow by 6.0% in FY26, slightly higher than the 5.9% growth recorded last year, supported by robust manufacturing growth of 7.0% [5] - Mining is expected to decelerate by 0.7% in FY26, contrasting with a growth of 2.7% in FY25 [5]