Buckle up, India is accelerating. The third quarter of FY26 delivered a blockbuster 7.8 percent GDP growth, eclipsing last year’s 7.4 percent and heralding the new 2022-23 base year data from the Ministry of Statistics. Released Friday, these stats spotlight a economy firing on all cylinders.
Nominal GDP jumped 8.9 percent, real GVA 7.8 percent, and nominal GVA 8.2 percent for October-December. The manufacturing powerhouse surged 13.3 percent in GVA, fueling the momentum. Trade, hospitality, transport, comms, and media services grew 11 percent, while finance, realty, tech, and pro services hit 11.2 percent.
Breaking down nominal GVA contributions: services sector at 52.9 percent, industry 24.8 percent, agriculture and primaries 22.3 percent. The full-year FY26 forecast? A solid 7.6 percent GDP growth versus 7.1 percent prior year, with nominal GDP at 8.6 percent, real GVA 7.7 percent, nominal GVA 8.7 percent.
This isn’t just numbers—it’s a testament to India’s manufacturing renaissance, digital boom, and service sector strength. Compared to global peers slowing down, India’s trajectory excites markets. Yet, sustaining this requires tackling rural distress, capex cycles, and external shocks. Finance Minister’s upcoming budget will be watched closely for growth-sustaining measures.