Govt committed to further drive ‘Reform Express’: FM

Finance Minister Nirmala Sitharaman on Friday said the government is committed to further drive the Reform Express with decisive policy measures to ensure positive economic momentum amid global challenges.

The Union minister's statement on X came after the RBI lowered its GDP forecast for FY27 to 6.6% from the 6.9% estimated in April. Despite the revision, real GDP is estimated to rise by 7.7% in FY26 under provisional estimates, while real gross value added (GVA) has grown by 7.9% in FY26. Real GDP and real GVA have been estimated to grow by 7.8% and 7.9%, respectively, in Q4 of FY26.

Notably, manufacturing, trade, repair, hotels, transport, communication and services related to broadcasting, storage, financial, real estate and professional services sectors have attained double-digit growth at both constant and current prices in FY26. An earlier report noted that India's GDP growth was driven by strong performance even as global uncertainties persisted.