Indian Economy: Indian economy’s stormy pace continues, GDP increased by 7.8 percent in the third quarter.

New Delhi. Under the new national income series based on the base year 2022-23, the country’s economy grew at the rate of 7.8 percent in the October-December quarter of the current financial year. This is higher than 7.4 percent in the same period last year. According to data released by the Ministry of Statistics and Program Implementation on Friday, the country’s gross domestic product (GDP) grew at the rate of 7.8 percent in the third quarter of the financial year 2025-26.

Along with this, the ministry said that the country’s economy is expected to grow by 7.6 percent in the entire period of financial year 2025-26, whereas earlier it was estimated at 7.4 percent. These estimates of annual and quarterly national income have been released under the new national income series. Now instead of the old series considering 2011-12 as the base year, 2022-23 has been made the new base year. Base year is the period in which prices and production levels are considered as standard and the future growth rate is compared.

With this, the growth rate for July-September 2025-26 has been revised to 8.4 percent, which was earlier estimated at 8.2 percent. However, the growth rate for the April-June quarter has been reduced from 7.8 percent to 6.7 percent. The change in base year broadens the scope of measurement of economic activity and updates the data to suit the new structure. This can reflect the actual situation of various sectors of the economy in a better way.