India, Jan. 7 -- The central government has pegged India's GDP growth rate at 7.4% in FY26, underscoring the resilience of the Indian economy in the face of Trump tariffs and in the absence of an India-US trade deal.

The projection is higher than that of the Reserve Bank of India's at 7.3% and beat last financial year's GDP growth rate of 7.3%.

The GDP growth estimates, released by the Union Ministry of Statistics and Programme Implementation on Wednesday, are almost in line with the median estimate of 7.5% in a Bloomberg survey of economists. The estimates are likely to be revised in Union Budget 2026, with the final figures released after the financial year ends.

India is also set to revise its GDP calculation methodology, likely in ...