GDP grows at faster 7.8% in Q3 under new series

FY26 growth outlook raised to 7.6% from 7.4%; CEA pegs Q4 pace at 7.3% or more

- Gireesh Chandra Prasad & Rituraj Baruah

Data from the new series showed India's real GDP grew 7.1% in FY25, compared to 6.5% in the previous data series.

(ISTOCKPHOTO)

The new gross domestic product (GDP) series released by the statistics ministry on Friday pegged India's economic growth at 7.8% for the October-December quarter, faster than the 7.4% growth seen in the same time a year ago.

For the earlier June and September quarters, GDP growth has been revised to 6.7% and 8.4%, from 7.8% and 8.2% estimated earlier.

The estimate for the full fiscal year FY26 has also risen to 7.6% from the earlier estimate of 7.4% in January. Economic growth in the previous fiscal year was given as 7.1% in the new series.

Chief economic advisor in the finance ministry V. Anantha Nageswaran told mediapersons at a briefing after the release of the data that the anticipated growth in the March quarter real GDP is 7.3% or more, in order to be able to achieve the full year real GDP growth of 7.6%.

"I think the momentum in the economy is good enough to deliver us that 7.3% in the fourth quarter," Nageswaran said.