📷 Image: Wikimedia Commons / Ministry of Finance of India
Business
India's GDP projected to rise 7.35% in July‑September quarter, Finance Ministry says
✍️ ANI News
🗓 30 Oct 2026, 06:34 AM
👁 13
The Finance Ministry estimates the Indian economy expanded 7.35% in the July‑September quarter, indicating strong growth momentum.
New data released by the Finance Ministry shows that India's gross domestic product grew by an estimated 7.35% in the July‑September quarter. The figure, released as part of the ministry's regular economic outlook, underscores a continued acceleration in economic activity after a robust performance earlier in the fiscal year.
Analysts view the 7.35% expansion as a positive signal for both domestic consumption and export sectors, which have been buoyed by stable policy measures and improved global demand. The growth rate also exceeds many regional peers, reinforcing India's position as a leading emerging market.
The ministry did not disclose a detailed breakdown of sectoral contributions, but the overall estimate aligns with earlier forecasts from the Reserve Bank of India and private research firms. The government is expected to present the final GDP figures in the upcoming quarterly review.
If the provisional estimate holds, it could bolster investor confidence ahead of the next fiscal year's budget, where the government aims to sustain growth while addressing inflationary pressures.
The Finance Ministry reiterated its commitment to fiscal prudence and structural reforms as key drivers of the economy's resilience.
Analysts view the 7.35% expansion as a positive signal for both domestic consumption and export sectors, which have been buoyed by stable policy measures and improved global demand. The growth rate also exceeds many regional peers, reinforcing India's position as a leading emerging market.
The ministry did not disclose a detailed breakdown of sectoral contributions, but the overall estimate aligns with earlier forecasts from the Reserve Bank of India and private research firms. The government is expected to present the final GDP figures in the upcoming quarterly review.
If the provisional estimate holds, it could bolster investor confidence ahead of the next fiscal year's budget, where the government aims to sustain growth while addressing inflationary pressures.
The Finance Ministry reiterated its commitment to fiscal prudence and structural reforms as key drivers of the economy's resilience.