Framing Analysis
Official data show India's real GDP expanded 7.8 percent year-on-year in the January-March quarter of FY 2025-26 and 7.7 percent for the full fiscal year, exceeding the prior government projection of 7.6 percent. Sectoral growth was led by trade, hotels, transport and communications at 12.5 percent, followed by financial and professional services at 10.4 percent. The October-December quarter growth was revised upward to 8.0 percent from an earlier 7.8 percent estimate.