economy
February 27, 2026
India's Economy Grows at Faster-Than-Expected Pace of 7.8% in December Quarter
The world's fastest-growing major economy expanded by 7.8% in the December quarter.
TL;DR
- India's economy grew by 7.8% in the quarter ending December, surpassing the expected 7.2%.
- The government has updated its GDP calculation framework, shifting the base year to FY2023 from FY2012 to improve accuracy.
- The GDP growth estimate for FY2026 has been raised to 7.6%.
- Manufacturing sector has been a major contributor to the economy's resilient performance.
- Changes in the GDP series are expected to address previous concerns raised by the IMF regarding data accuracy.
- Despite U.S. tariffs affecting key Indian exports, alternative markets have been found.
- Domestic consumption of gold and automobiles saw a selective uptick during the festive season.
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