GDP of Q4 of last fiscal grew at 7.4% year-on-year—fastest in a year & above expectations. Despite global headwinds, India is projected to grow at 6.3–6.4% in FY26.
And despite a 0.8% contraction in the agricultural sector, the overall Q3 performance has prompted an upward revision in full-year growth estimates to 7.6% in the 2nd Advance Estimates.
While GDP growth was lower than Q1's 13.5%, economy saw an uptick on quarter-on-quarter basis driven by services sector. But contraction in manufacturing is cause for some concern.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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