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India's economy grows at faster-than-expected pace of 7.8% in December quarter
India's economy grew 7.8% in Q3 FY26 with a new 2022-23 GDP base year amid strong manufacturing and services, while nominal GDP rose 8.9%, MoSPI reported.
- On February 27, 2026, MoSPI reported India's Q3 FY26 real GDP grew 7.8% year-on-year with real GDP at ₹84.54 lakh crore.
- The government shifted the GDP base year to 2022-23 from 2011-12 and overhauled the framework by incorporating Goods and Services Tax and e-Vahan records, using double deflation.
- Sector data show the manufacturing sector grew 13.3% in Q3 FY26, the tertiary sector expanded 9.5%, and nominal GDP increased 8.9%.
- The second advance estimate pegs FY26 real GDP growth at 7.6% and the Ministry of Statistics and Programme Implementation plans to publish a back series by December 2026.
- The IMF had flagged India's data with a `C grade`, while Indian exporters faced 50% U.S. tariffs before an interim deal cut them to 18%.
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India's GDP growth dips to 7.8%, consumption still strong
India's economy grew 7.8% in October-December from the same time a year earlier, down from an 8.4% expansion in the previous quarter as growth in government spending and investment slowed, even as private consumption rose strongly.
·Ireland
Read Full ArticleIndia's GDP growth estimated at 7.8% in Oct-Dec following data revamp
India's economy grew 7.8% in October-December from the same period a year earlier, after posting 8.4% growth in the previous quarter, the government said on Friday, as it unveiled a revised series of national output data.
·United Kingdom
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Total News Sources22
Leaning Left2Leaning Right7Center7Last UpdatedBias Distribution44% Center, 44% Right
Bias Distribution
- 44% of the sources are Center, 44% of the sources lean Right
44% Right
12%
C 44%
R 44%
Factuality
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