Mumbai : India’s gross domestic product (GDP) grew 7.8% year-on-year in the third quarter of FY26 in real terms. The data was released along with the Second Advance Estimates for FY 2025-26 and mark a major statistical shift, as the Ministry of Statistics and Programme Implementation introduced a new series of GDP estimates with 2022-23 as the base year.
For the full financial year FY26, real GDP is estimated to grow 7.6%, compared to 7.1% in FY25. In value terms, real GDP is projected at Rs 322.58 lakh crore in FY26, up from Rs 299.89 lakh crore in FY25. Nominal GDP is estimated to grow 8.6% in FY26. Real Gross Value Added, which reflects economic activity across sectors, is estimated to grow 7.7% in FY26 compared to 7.3% in FY25.
The revision aims to capture structural changes, incorporate new data sources, improve estimation methodology and enhance coverage and accuracy. One of the key changes is the wider use of new and more detailed data sources. These include Goods and Services Tax data, Public Finance Management System data and e-Vahan vehicle registration data. These sources provide more timely and granular information across sectors.
There is also greater reliance on annual surveys such as the Annual Survey of Unincorporated Sector Enterprises and the Periodic Labour Force Survey to better estimate the household and informal sectors. The Supply Use Table framework has been integrated with national accounts to reduce discrepancies between production and expenditure estimates. The revision has resulted in updated growth figures for previous years under the new base.
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