India’s growth story just got a thrilling chapter. Official data confirms 7.8 percent GDP expansion in FY26’s third quarter, topping 7.4 percent year-ago levels. The Ministry of Statistics dropped this bombshell Friday, introducing GDP metrics on the fresh 2022-23 base year for sharper accuracy.
Key highlights: Nominal GDP up 8.9 percent. Real GVA rose 7.8 percent, nominal GVA 8.2 percent in Q3. Standout performer? Manufacturing at 13.3 percent GVA growth. Trade-hotels-transport-services at 11 percent, finance-real estate-IT-pro services at 11.2 percent.
Nominal GVA shares: Tertiary 52.9%, secondary 24.8%, primary 22.3%. For the entire FY26, second advance estimates peg GDP at 7.6% (vs FY25’s 7.1%), nominal GDP 8.6%, real GVA 7.7% (from 7.3%), nominal GVA 8.7%.
This data arrives amid global uncertainties, affirming India’s status as the fastest-growing major economy. Strong domestic demand, infra push, and export resilience drive the surge. Analysts point to PLI schemes boosting manufacturing and capex revival as key enablers. However, moderating inflation and job creation remain priorities to convert growth into inclusive prosperity.