India GDP Growth Hits 7.8% in Q3 FY26, Beats IMF Forecast
India's economy expanded faster than expected in the third quarter, driven by robust manufacturing output, strong services exports, and resilient domestic consumption.
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GDP
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Infrastructure
PM Gati Shakti Adds ₹1.2 Lakh Crore Projects in FY26 Pipeline
The national master plan for multimodal connectivity cleared a record number of infrastructure projects, with highways, ports, and railway corridors dominating the pipeline.
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Employment
India Creates 1.8 Crore Formal Jobs in FY26, EPFO Data Shows
Formal employment generation picked up pace across manufacturing, logistics, and financial services sectors, with EPFO payroll additions reaching a multi-year high.
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Inflation
Retail Inflation Eases to 4.1% in February, Core at 3.8%
CPI inflation fell to a six-month low as food prices moderated and fuel costs stabilised. Economists expect the trend to give RBI room for a rate cut in June.
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Agriculture
Rabi Crop Sowing Up 6% YoY; Wheat Output Seen at Record 115 MT
Favourable winter rains and increased MSP for wheat boosted sowing across major states. The bumper harvest is expected to ease food inflation pressure in coming months.
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Fiscal
India's Fiscal Deficit Narrows to 5.1% of GDP in FY26
Strong GST collections and disinvestment proceeds helped the government contain the fiscal deficit below its revised target of 5.3%, boosting India's sovereign credit outlook.
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Trade
India's Merchandise Exports Cross $450 Billion in FY26
Engineering goods, pharmaceuticals, and electronics drove export growth as India diversified trade partners and benefited from China+1 supply chain shifts.
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Energy Policy
India Cuts Windfall Tax on Crude Oil Amid Softening Global Prices
The government reduced the special additional excise duty on domestically produced crude to zero, providing relief to upstream oil producers.
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Urban Economy
Smart Cities Mission Completes 8,000 Projects Worth ₹1.6 Lakh Crore
The flagship urban development programme achieved a major milestone as cities across India completed projects in transport, water, digital infrastructure, and waste management.
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