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Report on Q2FY26 GDP: New Series Inaugurates Higher Growth

Numbers on the shiny new GDP series started on an auspicious note with both the annual real GDP for FY26 (as per SAE) and quarterly real GDP for Q3FY26 beating estimates. Bearing on the numbers was a sustained uplift from manufacturing across the past three fiscals, enabled by methodological improvements. Hearteningly, the twin engines of government capex and consumption continued to fire in Q3FY26. But whither the lower than FAE nominal GDP in FY26 in SAE and how will it impact the fiscal math? Read the Report to find answers

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