According to the present invention, a grain oriented electrical steel sheet in which iron loss has been further reduced can be obtained by carrying out decarburization annealing as continuous annealing including: (1) heating the steel sheet to a temperature in the range of 700° C. to 750° C. at heating rate of 50° C./second or higher at least in a temperature range of 500° C. to 700° C. in an atmosphere having oxidation potential P(H2O)/P(H2) equal to or lower than 0.05; (2) then cooling the steel sheet to a temperature range below 700° C. in an atmosphere having oxidation potential P(H2O)/P(H2) equal to or lower than 0.05; and (3) reheating the steel sheet to a temperature in the range of 800° C. to 900° C. and retaining the steel sheet at the temperature for soaking in an atmosphere having oxidation potential P(H2O)/P(H2) equal to or higher than 0.3.