India’s GDP Data Released: Q3 FY26 Growth at 7.8%, Full-Year Estimate at 7.6%
New Delhi — 27 February 2026 — The Ministry of Statistics and Programme Implementation (MoSPI) released India’s latest Gross Domestic Product (GDP) data, revealing key economic trends and updated growth figures that reflect structural changes in the economy. This release also introduces the country’s new GDP series with a revised base year of 2022–23, replacing the older 2011–12 framework. (Press Information Bureau)
New GDP Series & Methodology
In a major statistical overhaul, MoSPI adopted a new GDP base year (2022–23) to ensure that the measurement of economic performance better reflects contemporary data sources such as GST filings, corporate financials, household surveys, and digital economic indicators. This shift allows more accurate tracking of India’s economic output and sectoral contributions. (India Briefing)
Q3 FY26: Steady Growth Despite Global Headwinds
Under the new series, India’s real GDP growth in the third quarter (October–December 2025) was reported at 7.8% year-on-year at constant prices (2022–23 base), showing resilience in domestic demand and activity across key sectors including manufacturing and services. (Press Information Bureau)
This 7.8% pace marks a moderation from the 8.4% growth recorded in the previous quarter, reflecting both evolving economic conditions and revisions under the updated base year framework. (The Financial Express)
Full Year FY26 Estimates
MoSPI’s Second Advance Estimates for the full fiscal year 2025–26 show continued strength:
- Real GDP (constant prices) estimated at ₹322.58 lakh crore, up from ₹299.89 lakh crore in FY25, with a growth rate of 7.6%. (Press Information Bureau)
- Nominal GDP (current prices) is estimated at ₹345.47 lakh crore, recording growth of 8.6% over the previous year. (Press Information Bureau)
- Gross Value Added (GVA) at constant prices is estimated at ₹294.40 lakh crore, with growth of 7.7%. (Press Information Bureau)
These figures indicate steady expansion and robust economic momentum even as global economic pressures linger. (Press Information Bureau)
Sectoral and Structural Highlights
MoSPI’s publication notes significant contributions from several economic segments:
- Manufacturing has been a key contributor to overall growth, supported by improving capacity utilization and domestic demand. (Statistics Ministry)
- Nominal GDP growth, which includes price effects, remains strong, suggesting solid demand and consumption trends. (The Economic Times)
Why This Release Matters
This GDP release is particularly noteworthy for several reasons:
- It establishes a modern statistical base year that reflects India’s evolving economic structure and data landscape. (India Briefing)
- Revisions in methodology—such as double deflation and broader deflator use—enhance accuracy and comparability of growth figures. (The Economic Times)
- The updated GDP metrics provide fresh insights for policymakers, investors, and global analysts evaluating India’s economic trajectory. (The Economic Times)
Outlook & Market Implications
Economists say the updated figures underscore continuing strength in India’s economy, even as quarterly growth moderates from recent peaks. The revised base and expanded datasets offer a clearer view of domestic activity and structural shifts, aiding better economic planning and forecasting. (The Economic Times)
With the economy projected to grow at 7.6% for FY26, India remains one of the fastest-growing major economies globally, attracting sustained interest from international investors and rating agencies. (Press Information Bureau)
Source: Official GDP estimates released by the Ministry of Statistics and Programme Implementation and published via (Press Information Bureau)
Disclaimer: This article is based on official GDP estimates released by the Ministry of Statistics and Programme Implementation (MoSPI) and related publicly available reports. Economic data, advance estimates, and growth projections are subject to revision in subsequent releases. The content is intended for informational and educational purposes only and does not constitute economic, financial, or investment advice.
