Foreign Media: India's Economic Growth Slows to 7.8%, Still Leads Major Global Economies
India's GDP growth in the October-December quarter of 2025 was 7.8%, a slowdown from the previous quarter's 8.4%, mainly due to a decline in government spending and private investment growth. However, India remains the fastest-growing major economy globally.
Under the new statistical method, India's economic growth for the fiscal year 2025/26 is estimated to be adjusted upward to 7.6% (previously predicted at 7.4%); the growth rate for the 2026/27 fiscal year is expected to be between 7% and 7.4%. The Chief Economic Advisor Nagswaran stated that India will easily surpass a $4 trillion economy in the next fiscal year.
On a sectoral basis, private consumption grew by 8.7%, higher than the previous quarter's 8%; manufacturing grew by 13.3%; government spending grew by 4.7%, lower than the previous quarter's 6.6%; private investment grew by 7.8%, lower than the previous quarter's 8.4%; agricultural output growth declined from 2.3% to 1.4%.
In terms of trade, India has reached a temporary agreement with the United States to reduce actual tariffs to 18%. India has also advanced domestic policy adjustments, including reducing the consumption tax and labor reforms.
Additionally, India has comprehensively revised its GDP statistical methods this year, adding value-added tax filings, corporate financial data, and digital platform data, while improving the price deflation method to address IMF criticism of India's national accounts methodology.
Original article: toutiao.com/article/1858297161358403/
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