Ministry of Statistics and Programme Implementation (MoSPI) revises India GDP growth to 7.8% for Q3 FY26 and raises FY26 estimate to 7.6%

Key facts

• India’s GDP growth slowed to 7.8% in Q3 FY26 from 8.4% in Q2 FY26 but exceeded ET poll estimate of 7.4%.
• GDP growth for FY26 has been revised upwards to 7.6% from the earlier first advance estimate of 7.4%.
• The new GDP series uses 2022-23 as the base year, replacing the previous 2011-12 series.
• Manufacturing sector recorded double-digit growth in FY2023-24 and FY2025-26.
• The ‘Trade, Repair, Hotels, Transport, Communication & Services related to Broadcasting and Storage’ segment grew by 10.1% in FY2025-26.
• Private Final Consumption Expenditure (PFCE) and Gross Fixed Capital Formation (GFCF) both grew by more than 7% in FY2025-26.
• The GDP series now incorporates double deflation for agriculture and manufacturing sectors.
• The Proportional Denton Benchmarking method has been adopted for aligning quarterly and annual GDP estimates.