New Delhi, Jan 8 (NationPress) With forecasts indicating that India’s economy could expand by 7.4% in the fiscal year 2025–26, the BJP credited this anticipated growth to the vision and dedicated efforts of Prime Minister Narendra Modi. Conversely, opposition parties rejected these assertions, claiming that the actual economic situation tells a much different story, with allegations of severe distress.

In an interview with IANS, BJP National General Secretary Tarun Chugh highlighted that despite facing global challenges and uncertainties, India is making significant strides under PM Modi’s guidance.

“In spite of tariff disputes, worldwide instability, Operation Sindoor, and the anti-India narratives propagated by Congress leader Rahul Gandhi, India is progressing robustly. This growth rate is a testament to PM Modi’s vision and dedication,” he remarked.

Chugh went on to note that the Prime Minister has delivered substantial relief to citizens through reforms in GST slabs and Income Tax.

“Citizens had two occasions to celebrate Diwali due to economic relief and prosperity. India is on an unstoppable path towards becoming Aatmanirbhar and realizing the goal of a Viksit Bharat,” he asserted.

On the other hand, the opposition strongly refuted the BJP’s claims.

RJD spokesperson Mrityunjay Tiwari stated that while GDP growth figures seem optimistic, they do not reflect the reality faced by the average citizen. “GDP growth is one metric, but the plight of the impoverished and everyday individuals is entirely different. There exists a significant disparity between these statistics and actual conditions. The poor are struggling, and the common populace is suffering,” he added.

Congress MP Pramod Tiwari echoed similar sentiments, challenging the government’s narrative of economic robustness.

“Such claims typically emerge at the beginning or end of the year, often exaggerating the situation. If the economy is genuinely strong, why has the NREGA ratio been altered from 90:10 to 60:40? Why are inflation rates climbing, unemployment rising, and small and medium enterprises closing down?” he questioned.

He further accused the government of being out of touch with reality.

“If everything is so great, then why does reality seem so bleak? The truth is different. The reality is that India's economy is dead,” Tiwari stated.

Meanwhile, in nominal terms, GDP is expected to rise by 8.0% in FY26. The initial advance estimate of GDP was highly anticipated as the government considers it for Budget 2026 policy decisions.

The real Gross Value Added (GVA) is predicted to increase by 7.3% in FY26, with the service sector continuing to be the primary growth driver, according to MoSPI.