New Delhi, February 27: The Indian economy continues its robust momentum. In the third quarter of the fiscal year 2026, the GDP growth rate reached 7.8%, up from 7.4% during the same period last year. This information was released by the Ministry of Statistics and Programme Implementation on Friday.
This marks the first time the government has published GDP figures based on the new base year of 2022-23, replacing the previous base year of 2011-12.
The ministry reported that the nominal GDP growth rate for the third quarter was 8.9%.
During the October-December period, the Real Gross Value Added (GVA) grew at a rate of 7.8%, while nominal GVA increased by 8.2%.
Government data indicated that the manufacturing sector exhibited the highest GVA growth rate at 13.3% in the third quarter. Additionally, the trade, hotel, transport, communication, and services sectors, along with broadcasting and storage, recorded a growth rate of 11%. The financial, real estate, IT, and professional services sectors saw a growth rate of 11.2%.
In the third quarter, the tertiary sector contributed 52.9% to nominal GVA, the secondary sector accounted for 24.8%, and the primary sector made up 22.3%.
The Ministry of Statistics and Programme Implementation also released its second advance estimate for the entire fiscal year 2026, projecting a GDP growth rate of 7.6%. In fiscal year 2025, the GDP growth rate was 7.1%. The nominal GDP growth rate for fiscal year 2026 is expected to be 8.6%.
Furthermore, the real GVA growth rate for fiscal year 2026 is anticipated to be 7.7%, compared to 7.3% in fiscal year 2025. The nominal GVA growth rate is projected to be 8.7%.
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