¨
India's real GDP grew by 7.8% in the third quarter of the current fiscal
year.
¨ Real GDP growth is projected to be 7.6% for
2025–26. This is higher than the 7.1% recorded in 2024–25.
¨ The Ministry of Statistics and Program
Implementation released a new series of annual and quarterly national accounts
estimates.
¨ The revised series uses 2022–23 as the base
year. This replaces the previous base year of 2011–12.
¨ The year 2022–23 was chosen because it
reflects a stable period post-COVID.
¨ The economy grew by 8.4% in the second
quarter of the current fiscal year. Growth slowed slightly to 7.8% in the third
quarter.
¨ India recorded real GDP growth of 7.2% in
2023–24. Growth was 7.1% in 2024–25.
¨ The manufacturing sector has been a key
driver of economic resilience. It achieved double-digit growth in 2023-24.
¨ The secondary sector recorded growth of over
9% in the current financial year. The tertiary sector also grew by over 9%.
¨ Trade, hotels, transport,
broadcasting-related services, and storage sectors achieved a growth rate of
10.1% at constant prices in 2025-26.
¨ Private final consumption expenditure
increased by over 7% in 2025-26.
¨
Gross fixed capital formation also increased by over 7% during the year.