Delhi: India’s economic momentum remained robust in the third quarter of FY2025–26, with broadcasting registering a strong double-digit growth rate of 11 per cent, underscoring resilience in the media and communications segment.
The secondary sector expanded by 10.1 per cent, while the tertiary sector grew 9.5 per cent, collectively driving real GDP growth during the quarter. In contrast, the primary sector recorded a more modest growth rate of 1.7 per cent.
Within the services economy, financial, real estate and professional services posted an impressive 11.2 per cent growth at constant prices, sustaining their position as key growth engines. Meanwhile, the electricity, gas, water supply and other utility services segment recorded a moderated growth rate of 1.5 per cent during the quarter.
Expenditure and Investment Trends
On the expenditure front, Government Final Consumption Expenditure (GFCE) rose by 4.7 per cent in Q3 FY2025–26, marking a slowdown from the 7.6 per cent growth recorded in the corresponding quarter of FY2024–25.
In contrast, Real Private Final Consumption Expenditure (PFCE) accelerated to 8.7 per cent, compared with 6.0 per cent in the same period last year, indicating stronger household demand.
Gross Fixed Capital Formation (GFCF), a key indicator of investment activity, expanded by 7.8 per cent at constant prices, improving upon the 6.3 per cent growth recorded in Q1 FY2024–25. The uptick suggests sustained capital formation and investment-led expansion.
GDP Base Year Revised to 2022–23
In a significant methodological update, India has revised its GDP base year from 2011–12 to 2022–23 to better capture the structural transformation of the economy. The updated series incorporates more granular and contemporary data sources, including GST records, e-Vahan vehicle registration data, and natural gas consumption statistics.
The revision is expected to enhance the measurement of the informal economy through quarterly QBUSE bulletins, while also reflecting the expanding role of digital commerce and services in overall economic output.
Officials indicated that the revision had been delayed due to major structural shifts and disruptions over the past decade.
“We would have had this revision earlier, but there were some important economic changes that happened in the country. First GST was introduced, and then Covid intervened,” said Saurabh Garg, Secretary in the Ministry of Statistics and Programme Implementation, in an interview with Forbes India.
He added that the exercise is being undertaken now as updated and reliable datasets have become available, expressing the government’s intention to implement base year revisions approximately every five years going forward.
The updated base year is expected to provide a more accurate reflection of India’s evolving economic landscape, strengthening the credibility and analytical depth of national income estimates.
.png)
The opinions posted here do not belong to 🔰www.indiansdaily.com. The author is solely responsible for the opinions.
As per the IT policy of the Central Government, insults against an individual, community, religion or country, defamatory and inflammatory remarks, obscene and vulgar language are punishable offenses. Legal action will be taken for such expressions of opinion.