India's Economy Grows 7.8% in Q3 FY26; FY26 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 2022-23 as the base year, reflecting strong manufacturing, services, and demand supported by GST rate cuts. The fiscal year growth is estimated at 7.6%, revised upward from earlier estimates. The updated GDP series incorporates new data sources to better capture economic activity, while nominal growth moderated due to easing inflation. Sequential growth slowed from 8.4% in Q2 to 7.8% in Q3, indicating sustained but stabilizing momentum.