India clocks 7.8% GDP growth in Q3 FY26

New Delhi: India’s real GDP growth for the October–December quarter (Q3) of FY 2025–26 is estimated at 7.8% under the new national accounts series with 2022–23 as the base year, data released by the Ministry of Statistics on Friday showed.

The full-year GDP growth for FY26 has been pegged at 7.6%, higher than 7.1% in FY25, according to the advance estimates released alongside the quarterly data.

In absolute terms, real GDP is estimated at Rs322.58 lakh crore in FY26, compared with the first revised estimate of Rs299.89 lakh crore for FY25.

The economy has displayed resilience over the past three years after rebasing, with the manufacturing sector emerging as a key driver, recording double-digit growth in FY24 and FY26. Overall, India registered real GDP growth of 7.2% in FY24 and 7.1% in FY25, indicating steady expansion. “...we are improving our GDP growth outlook for FY27 from 6.8 to 7.2 previously to 7 to 7.4 per cent under the new series...the economy is more likely to achieve a number closer to 7.4 per cent rather than 7 per cent,” Chief Economic Advisor V Anantha Nageswaran said on Friday while addressing a press conference on the release of new series. He also said that based on current indicators, nominal GDP growth would be close to 11 per cent and the size of the economy would comfortably cross USD 4 trillion-mark. Nageswaran also asserted that the Indian economy continues to maintain strong growth momentum, supported by broad-based activities.