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Business News | Manufacturing GVA Grows 10.7% in FY26, Govt Cites Reforms to Strengthen Sector
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The available data does not indicate any significant change in the share of manufacturing in total GVA, which stood at 14.8 per cent in 2025-26, compared with 14.7 per cent in 2022-23.
The data is based on the revised National Accounts Statistics series, for which the base year was changed from 2011-12 to 2022-23.
Manufacturing GVA at constant prices grew 12.7 per cent in 2023-24 and 9.3 per cent in 2024-25, before rising 10.7 per cent in 2025-26, according to the data.
The government said it has undertaken several structural reforms and initiatives to strengthen the resilience of the manufacturing sector and reduce its vulnerability to external shocks.
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