New GDP series updates FY26 growth to 7.6%, Pg8

Key Highlights:

• India's GDP growth for FY26 is estimated at 7.6% based on the new series.
• The secondary sector is projected to grow at 9.5%, driven by a 12.5% growth in manufacturing.
• The primary sector is expected to slow down to 2.8% in FY26, compared to 5% in the previous year.
• The tertiary sector is expected to grow at 8.9% in FY26, up from 8.3% in the previous year.

Detailed Insights:

• The GDP growth for the third quarter of 2025-26 stood at 7.8%, compared to 8.4% in the second quarter and 6.7% in the first quarter.
• The construction sector's growth is expected to slightly decrease to 6.9%, down from 7.1% in the same period.
• A significant slowdown is expected in the agriculture sector, with growth slowing to 2.5% in FY26 from 4.3% in FY25.
• The mining and quarrying sector is also expected to slow down to 5% from 11.2% over the same period.
• The growth in the tertiary sector is driven by double-digit growth in trade, hotels, transport, communication, financial, real estate, IT, and professional services.

Key Concepts Involved:

• GDP (Gross Domestic Product): The total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.
• Primary Sector: This sector involves the extraction and production of raw materials, such as agriculture, forestry, fishing, and mining.
• Secondary Sector: This sector includes manufacturing, processing, and construction industries, which transform raw materials into finished goods.
• Tertiary Sector: This sector provides services to consumers and businesses, including trade, transportation, communication, finance, and real estate.