India, Jan. 8 -- Amid turmoil in global economic growth and tight financial conditions due to imposition of Trump tariff, India on Wednesday projected economic growth of 7.4 per cent in fiscal 2025-26, underscoring resilience in Asia's third-largest economy.

According to the first advance estimates of national income released by the Ministry of Statistics & Programme Implementation (MoSPI), the projection is higher than the Reserve Bank of India's latest expectation of 7.3 per cent, beating last year's 6.5 per cent growth. Nominal GDP, which counts inflation, is expected to grow by 8 per cent in the current fiscal year, against 9.7 per cent last year.

These numbers will form the base for the federal union budget due to be announced on F...