Highlights | India’s economy grows 7.8% Vs 8.4% in Q2, Experts see FY27 GDP at 7.1-7.2%

India's economy experienced a growth rate of 7.8% in the third quarter of FY26, according to the newly adopted GDP series with a base year of 2022-23. This marks a slight decline from the 8.4% growth recorded in the second quarter under the previous series. The recalibration of the base year has provided a more current perspective on the nation's economic performance, reflecting adjustments in various sectors. Economists suggest that this revised growth rate indicates a steady, albeit slightly moderated, economic expansion. The transition to a new base year has allowed for a more accurate assessment of underlying economic trends. Key drivers of growth include robust performance in manufacturing and services, although some sectors faced challenges due to global economic uncertainties. Looking ahead, experts project a GDP growth rate of 7.1-7.2% for FY27, signaling continued optimism about India's economic trajectory. This forecast hinges on sustained domestic demand, policy reforms, and potential global economic recovery. While challenges remain, the outlook suggests that India is well-positioned to maintain its growth momentum in the coming years.

— Authored by Next24 Live