India Business Journal - India’s real GDP under the new base year grows by 7.8% in Q3FY26

ECONOMY

India’s real GDP under the new base year grows by 7.8% in Q3FY26

IBJ Bureau
Feb 28, 2026

India’s third quarter (Q3) GDP for FY26 expanded by 7.8 per cent under a new series with the base year of 2022-23. In the Q2 of FY26, the GDP was at 8.4 per cent under the old series with the base year of 2011-12. Nominal GDP grew 8.9 per cent in the Q3 of FY26.

According to the data revealed by the National Statistics Office (NSO) on Friday, GDP at constant prices or the real GDP was estimated at Rs 84.54 lakh crore in Q3FY26 against the real GDP of Rs 78.41 lakh crore in Q3FY25.

Nominal GDP grew to Rs 90.91 lakh crore in Q3FY26 from Rs 83.46 lakh crore in Q2FY26. Real GVA also expanded by 7.8 per cent to Rs 77.38 lakh crore, compared with Rs 71.77 lakh crore. Meanwhile, nominal GVA increased by 8.2 per cent to Rs 82.58 lakh crore from Rs 76.35 lakh crore during the quarters under review.

According to the second advance estimates, real GDP at constant prices is projected at Rs 322.58 lakh crore in FY26. The economy is expected to grow by 7.6 per cent in FY26, compared with 7.1 per cent in FY25.

Nominal GDP at current prices is estimated at Rs 345.47 lakh crore in FY26, reflecting a growth rate of 8.6 per cent.

Real GVA is estimated to grow by 7.7 per cent in FY26, slightly higher than 7.3 per cent in FY25.

“At first glance, the momentum in the re-based growth numbers appears to be marginally stronger than that of the previous trend, with methodological changes expected to have captured updated production structures, wider coverage of segments, new ratios and improved government data sets, including those that capture activity in the informal sector,” DBS Bank Senior Economist Radhika Rao has said.