India Posts Strong 7.8% GDP Growth in Q3 FY26 Under New Calculation Series

New Delhi | 27 Feb 2026 India recorded a robust economic performance in the third quarter of FY26, with gross domestic product (GDP) growth rising to 7.8% during the October–December 2025 period. The data was released on Friday by the Ministry of Statistics and Programme Implementation and reflects figures calculated under the new GDP series, which has revised the base year to 2022–23 from the earlier 2011–12. The latest growth figure marks a sharp improvement compared to 6.2% in the same quarter last year, though it is slightly lower than the 8.2% recorded in the previous quarter. Along with quarterly numbers, the government has also revised India’s full-year growth outlook. GDP growth for FY26 is now estimated at 7.6%, higher than the first advance estimate of 7.4% released in January under the older calculation method. Alongside growth figures, key fiscal indicators were also shared. India’s fiscal deficit stood at ₹9.81 lakh crore during the fiscal period up to January 2026. Total government expenditure reached ₹36.9 lakh crore in the first nine months of FY26, while total receipts were recorded at ₹27.1 lakh crore during the same period. The GDP rebasing is part of a wider effort by the government to modernise economic data and better reflect changes in the economy. Earlier this month, the inflation series was also revised to capture evolving consumption patterns. Under the new GDP series, fast-growing segments such as the digital economy and gig work are expected to get more weight, while traditional sectors like agriculture and informal manufacturing may see a relative reduction. Economists are also closely watching the new data for clues on when India could overtake Japan to become the world’s fourth-largest economy, a shift influenced by growth trends and currency movements. India Posts Strong 7.8% GDP Growth in Q3 FY26 Under New Calculation Series India recorded a robust economic performance in the third quarter of FY26, with gross domestic product (GDP) growth rising to 7.8% during the October–December 2025 period. The data was released on Friday by the Ministry of Statistics and Programme Implementation and reflects figures calculated under the new GDP series, which has revised the base year to 2022–23 from the earlier 2011–12. The latest growth figure marks a sharp improvement compared to 6.2% in the same quarter last year, though it is slightly lower than the 8.2% recorded in the previous quarter. Along with quarterly numbers, the government has also revised India’s full-year growth outlook. GDP growth for FY26 is now estimated at 7.6%, higher than the first advance estimate of 7.4% released in January under the older calculation method. Alongside growth figures, key fiscal indicators were also shared. India’s fiscal deficit stood at ₹9.81 lakh crore during the fiscal period up to January 2026. Total government expenditure reached ₹36.9 lakh crore in the first nine months of FY26, while total receipts were recorded at ₹27.1 lakh crore during the same period. The GDP rebasing is part of a wider effort by the government to modernise economic data and better reflect changes in the economy. Earlier this month, the inflation series was also revised to capture evolving consumption patterns. Under the new GDP series, fast-growing segments such as the digital economy and gig work are expected to get more weight, while traditional sectors like agriculture and informal manufacturing may see a relative reduction. Economists are also closely watching the new data for clues on when India could overtake Japan to become the world’s fourth-largest economy, a shift influenced by growth trends and currency movements.