India Reports 7.8% GDP Growth for Q3 FY26, Full Year Projected at 7.6%
Synopsis
India's GDP growth for the October-December quarter of FY26 has been estimated at 7.8%, with a full-year projection of 7.6%. This remarkable growth is driven by strong performance in the manufacturing and services sectors, indicating a resilient economy.
Key Takeaways
India's GDP growth for Q3 FY26 is 7.8%.
Full-year growth for FY26 projected at 7.6%.
Manufacturing sector shows strong performance.
Services sector growth rate at 9.9% for FY26.
Revised estimation methodology enhances accuracy.
New Delhi, Feb 27 (NationPress) The real GDP growth rate for India during the October-December quarter (Q3) of the fiscal year 2025-26 is projected at 7.8 per cent based on the newly established series that uses 2022-23 as the base year, as reported by the Ministry of Statistics on Friday.
For the entire fiscal year 2025-26, the anticipated annual GDP growth rate is set at 7.6 per cent, an increase from 7.1 per cent for 2024-25, according to the advance estimates released concurrently with the data.
The estimated real GDP is expected to reach Rs 322.58 lakh crore in FY26, compared to the first revised Estimate of GDP for FY25, which was Rs 299.89 lakh crore.
The manufacturing sector has played a crucial role in sustaining the economy's robust performance over three consecutive financial years following the rebasing, showing double-digit growth in both FY 2023-24 and FY 2025-26.
India's economy has demonstrated consistent performance with real GDP growth rates of 7.2 per cent and 7.1 per cent in FY 2023–24 and FY 2024–25, respectively.
The revision of the National Accounts’ Base Year to 2022–23 and the new series of Quarterly GDP estimates incorporate a revised estimation methodology that includes numerous high-frequency indicators and an enhanced deflation strategy designed to accurately reflect economic progress each year. Additionally, improvements in the granularity of estimation have been noted, as per the official statement.
In the earlier advance estimates published in January, based on the previous series, real GDP growth was forecasted at 7.4 per cent for FY 2025-26, up from 6.5 per cent during FY 2024-25.
A significant contributor to this buoyant growth is the services sector, which is experiencing a remarkable growth rate of 9.9 per cent at constant prices in FY 2025-26, particularly in financial services, real estate, professional services, and public administration.
In the secondary sector, manufacturing and construction are estimated to achieve a growth rate of 7 per cent, while the agriculture sector's growth rate is projected at 3.1 per cent.
Point of View
The projected GDP growth reflects a resilient Indian economy, bolstered by significant contributions from manufacturing and services. The revisions in data methodology indicate a more accurate picture of economic performance, highlighting areas for potential growth and investment.
NationPress
21 Jun 2026
Frequently Asked Questions
What is the GDP growth rate for India in Q3 FY26?
The GDP growth rate for India in Q3 FY26 is estimated at 7.8%.
What is the projected full-year GDP growth for FY26?
The projected full-year GDP growth for FY26 is pegged at 7.6%.
Which sectors are contributing to India's GDP growth?
The manufacturing and services sectors are the primary contributors to India's GDP growth.
What has changed in the GDP estimation methodology?
The estimation methodology has been revised to include high-frequency indicators and improved deflation strategies.
How does the FY26 GDP growth compare to FY25?
The FY26 GDP growth rate of 7.6% is an increase from the 7.1% growth in FY25.
