India’s GDP grows 7.8% in Q3 FY26 under new base year methodology: MoSPI

India’s real Gross Domestic Product (GDP) or GDP at constant prices, for the third quarter (Q3) of FY 2025–26 is estimated at ₹84.54 lakh crore, compared with ₹78.41 lakh crore in Q3 of FY 2024–25, registering a growth rate of 7.8%, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.

Nominal GDP, or GDP at current prices, in Q3 of FY 2025–26 is estimated at ₹90.91 lakh crore, as against ₹83.46 lakh crore in the corresponding quarter of FY 2024–25, reflecting a growth rate of 8.9%.

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Real Gross Value Added (GVA) in Q3 of FY 2025–26 is estimated at ₹77.38 lakh crore, compared with ₹71.77 lakh crore in Q3 of FY 2024–25, showing a growth rate of 7.8%. Nominal GVA during the same period is estimated at ₹82.58 lakh crore, against ₹76.35 lakh crore a year earlier, registering a growth rate of 8.2%.

India’s real GDP growth for FY 2025–26 is estimated at 7.6%, compared with 7.1% in FY 2024–25.

Real GDP is projected to reach ₹322.58 lakh crore in FY 2025–26, as against the First Revised Estimate (FRE) of ₹299.89 lakh crore for FY 2024–25.

Nominal GDP at current prices is estimated to attain ₹345.47 lakh crore in FY 2025–26, compared with ₹318.07 lakh crore in FY 2024–25, indicating a growth rate of 8.6%, MoSPI data stated.

Further, real GVA is estimated at ₹294.40 lakh crore in FY 2025–26, as against ₹273.36 lakh crore in FY 2024–25, registering a growth rate of 7.7%, compared with 7.3% in the previous financial year.

Nominal GVA is estimated to reach ₹313.61 lakh crore during FY 2025–26, compared with ₹288.54 lakh crore in FY 2024–25, reflecting a growth rate of 8.7%.

The growth rates of the primary sector – comprising agriculture, livestock, forestry, fishing, and mining & quarrying the secondary sector — comprising manufacturing, electricity, gas, water supply and other utility services, and construction — and the tertiary sector have been estimated at 4.9%, 8.0%, and 7.9%, respectively, in FY 2024–25, as against 2.6%, 11.6%, and 7.3% in FY 2023–24.

Net National Income (NNI) at current prices for FY 2024–25 stands at ₹271.44 lakh crore, compared with ₹246.25 lakh crore in FY 2023–24, registering a growth of 10.2%, against 11.6% growth recorded in the previous year.

Gross savings during FY 2024–25 are estimated at ₹111.13 lakh crore, compared with ₹95.17 lakh crore in FY 2023–24. The household sector accounted for the largest share of gross savings at 62.1%, followed by non-financial corporations at 28.9%, according to MoSPI data.

Notably, the estimates based on the new base year (2022–23) incorporate several methodological changes and new data sources.

Accordingly, quarterly estimates from Q1 of FY 2022–23 have been revised compared with earlier published values, with consequential changes in growth rates reflected from Q1 of FY 2023–24 onwards.