Excessive-frequency indicators recommend robust development momentum in Q3FY26, it famous. Rural consumption remained agency, buoyed by constructive indicators from farm and non-farm actions, whereas city consumption picked up persistently, aided by fiscal stimulus and better spending for the reason that final festive season.
“Regardless of international headwinds, the Indian economic system has maintained robust development momentum,” the report mentioned.
The statistics ministry is ready to launch the second advance estimates of GDP for FY26 on February 27, together with revised figures for the earlier three monetary years and quarterly estimates based mostly on a brand new base of 2022-23. The bottom 12 months is being up to date from 2011-12 to raised mirror the economic system’s present construction.
The primary advance estimates projected GDP development at 7.4% for FY26, whereas the financial survey estimated round 7% and within the vary of 6.8-7.2% for FY27.
