India's GDP grows 7.8% in Q3 under new series and base-year shift
India's GDP grows 7.8% in Q3 under new series and base-year shift
New GDP series lifts India’s Q3 growth to 7.8%, with base year moved to 2022-23 and methodological upgrades to better measure real and nominal growth.
India’s economy posted a 7.8% growth rate in the October–December quarter of 2025-26, the first data under the revised national accounts series. The update follows a shift to a 2022-23 base year and several methodological changes intended to provide a clearer picture of the economy’s size and its real and nominal growth paths.
The new series not only revises the base year but also recalibrates how various sectors are weighted and how price changes are captured, aiming to produce more accurate readings of momentum across the economy. In parallel, the data indicates a strong quarterly performance, signaling sustained momentum amid ongoing structural reforms and external demand dynamics.
Earlier data under the revamped framework also shows a notable uplift for the preceding quarter, with growth for the July–September period revised upward to 8.4% from 8.2%, suggesting a robust trajectory despite global headwinds. Analysts say the revisions could influence policy discussions and investor sentiment, as the revamped measure seeks to harmonize growth signals with a more realistic assessment of output.
As the new series settles in, economists will monitor sectoral contributions—industry, services, and agriculture—to gauge where the gains are most pronounced and how inflation interacts with the revised growth path. The government and statistical authorities emphasize that the changes aim to improve accuracy and comparability over time, while stakeholders anticipate the new figures will shape longer-term planning and fiscal projections.
