India’s industrial activity strengthened in FY26, with industrial GVA growing by 7 per cent in real terms in the first half despite subdued and persistent global headwinds, the Economic Survey 2025-26 said.
Manufacturing growth accelerated, with GVA expanding by 7.72 per cent in Q1 FY26 and 9.13 per cent in Q2.
Investment activity strengthened in FY26 and current account deficit remained moderate.