India's Economy Grows 7.8% in Q3 FY26; Full-Year Growth Estimated at 7.6% Under New GDP Series

India's economy grew 7.8% in the third quarter of FY26, according to new GDP data with a revised base year of 2022-23, reflecting strong manufacturing, services, and demand supported by GST rate cuts. The full-year GDP growth is estimated at 7.6%, up from earlier estimates, while FY27 growth projections have been raised to 7-7.4%. The updated methodology incorporates expanded data sources and improved estimation techniques to better capture economic activity, addressing previous concerns about data accuracy.