India GDP Q3 Growth 2026: Economy picks up pace, growth was 7.8% in Q3; These two things are the main reasons behind the economy boost

India GDP Q3 Growth 2026: According to data released by the Ministry of Statistics and Program Implementation (MoSPI), India’s real GDP grew at a strong rate of 7.8% in the third quarter of FY 2025-26. This is MoSPI’s first GDP (Gross Domestic Product) This is data that has been released under the new series, which changes the base year for calculations. According to the Revised National Accounts Series, India’s economy grew by 7.8% in the October-December quarter of 2025-26, compared to 7.4% in the same period a year ago.

MoSPI on Friday released updated annual and quarterly national accounts estimates based on the 2022-23 base year, replacing the earlier series that used 2011-12 as the reference year.

India’s Q3 FY 2025-26 GDP data: Highlights

1. Under the revised series, GDP growth for the current financial year is estimated at 7.6 percent, which is slightly higher than the estimate of 7.4 percent given in the advance projection of the ministry released in January. Nominal GDP is estimated to increase by 8.6 percent in FY 2025-26.
-The growth estimate for the July-September quarter of 2025-26 has been increased to 8.4 percent from the earlier 8.2 percent.
-On the contrary, the estimate for the April-June quarter has been reduced from the earlier stated 7.8 percent to 6.7 percent.
-The overall economic performance in FY 2025-26 is mainly supported by strong real growth of 8.4 percent in the second quarter and 7.8 percent in the third quarter.
-The economy has maintained a steady pace of growth, with real GDP growing by 7.2 percent in FY 2023-24 and 7.1 percent in FY 2024-25.6.

double-digit growth

Nominal GDP growth was 11.0 percent in FY 2023-24 and 9.7 percent in FY 2024-25.7. Following the change in base year, the manufacturing sector has emerged as a key contributor to the economy in the last three financial years, witnessing double-digit growth in FY 2023-24 and again in FY 2025-26.8.

Growth in both secondary and tertiary sectors

Growth in both the secondary and tertiary sectors has also strengthened economic performance, with each registering growth of more than 9 per cent over FY 2025-26.9. In the services segment, “services related to trade, repair, hotel, transport, communication and broadcasting and storage” category registered a growth of 10.1 percent at constant prices in FY 2025-26. On the expenditure front, both private final consumption expenditure and gross fixed capital formation recorded a growth of more than 7 per cent during FY 2025-26.

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