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India’s economy grew 7.8% in the October to December quarter, according to fresh data from the Ministry of Statistics.
Breaking it down: the new GDP series also projects FY26 growth at 7.6%, up from 7.1% last year. Before we get into the details, here’s why you should care.
Because faster growth usually means more jobs, better business activity and stronger incomes.
When companies expand, they hire more. When the government collects more taxes, it can spend more on roads, railways and public services. That often translates into better opportunities and steadier wages.
Now, back to the numbers.
The revised data shows FY26 growth is riding on strong momentum, with the economy expanding 8.4% in Q2 and 7.8% in Q3. The National Statistics Office, which has updated the base year to 2022-23, says industrial activity and strong consumer spending are powering this run.
Manufacturing has been the star performer, clocking double digit growth in FY24 and again in FY26. Both industry and services grew over 9% in FY26, signalling broad based strength. Within services, trade, hotels, transport and communication jumped 10.1%.
