Indian economy grew at 7.8% in the third quarter of the current financial year. The growth rate in Real GDP during 2025-26 is estimated at 7.6% as compared to 7.1% in 2024-25. The Ministry of Statistics and Programme Implementation today released the New Series of Annual and Quarterly Estimates with base year 2022-23. It has replaced the previous series with the base year of 2011-12.
The Ministry added that the Financial Year 2022-23 has been selected as the base year because it represents a recent normal year after COVID. It provides robust and comprehensive data across sectors of the economy, making it an appropriate benchmark for the new series of Annual and Quarterly National Accounts Estimates. As per the statistics, the overall Economic performance in the current financial year is primarily on account of robust Real growth observed at 8.4% in Second Quarter and 7.8% in the Third Quarter.
The Economy has exhibited sustained performance, recording Real GDP growth rates of 7.2% in 2023-24 and 7.1% during 2024-25.
The Ministry said that the manufacturing sector has been the major driver in contributing to the resilient performance of the economy in the three consecutive financial years after rebasing. This sector has attained double-digit growth rates in Financial Years 2023-24 and 2025-26.
Secondary and Tertiary sectors have boosted the performance of the economy by registering above 9% growth rate in the current fiscal year. It added that trade, Hotels, Transport, and Services related to Broadcasting, Storage sector have attained a growth rate of 10.1% at Constant Prices in 2025-26. On the Consumption side, both the Private Final Consumption Expenditure (PFCE) and Gross Fixed Capital Formation have exhibited more than 7% growth rate in 2025-26.
