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India's economy grew 8.3% in Q3 FY26, driven by demand after a GST cut, despite a challenging base effect.
According to a Union Bank of India report, demand after a GST rate cut propelled India's economy to grow 8.3% in the third quarter of fiscal year 2026, despite a difficult base effect.
Although marginally lower than the 8.1% in the prior quarter, gross value added increased to 8.0% from 6.5% in the same quarter last year.
Because of lower inflation, nominal GDP growth slowed to 8.5%.
Since updated GDP data with a 2022–2023 base is scheduled to be released, the estimates use the previous base year, which could change the final numbers.
Early signs point to sustained momentum through FY27.
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La economía de la India creció un 8.3% en el tercer trimestre del año fiscal 26, impulsada por la demanda después de un recorte del GST, a pesar de un efecto de base desafiante.