The Indian economy refuses to hit the brakes. Q3 FY26 GDP growth reached 7.8 percent, improving on 7.4 percent last year, as per Friday’s release from the Ministry of Statistics and Programme Implementation. Debuting the new 2022-23 base year, these figures offer a modern lens on progress.
Digging deeper: Nominal GDP +8.9%, real GVA +7.8%, nominal GVA +8.2% for Oct-Dec. Manufacturing stole the show with 13.3% GVA rise, trailed by trade/services (11%) and finance/IT/realty (11.2%). Sector weights in nominal GVA: services 52.9%, industry 24.8%, primaries 22.3%.
Full FY26 projections: GDP 7.6% (up from FY25’s 7.1%), nominal GDP 8.6%, real GVA 7.7% (vs 7.3%), nominal GVA 8.7%. This robust outlook underscores policy continuity, from GST to ease of doing business, propelling India past slowdown fears.
Implications are far-reaching: stock markets cheer, FDI inflows likely to swell, rupee stability aided. But experts caution on monsoon risks, geopolitical ripples, and widening inequality. With elections behind and reforms ahead, this growth phase could redefine India’s global economic stature.