India’s economic growth slips to 7.8%, but still leads major nations

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Asia stocks slide as US-Iran strikes batter risk appetite Oil prices surge after US-Israel strikes on Iran, trim early gains Gold prices jump 2% amid widening US-Israel conflict with Iran Middle East tensions rise as Iran promises retaliation (South Africa Philippines Nigeria) India’s economic growth slips to 7.8%, but still leads major nations By Reuters Economy Published 03/02/2026, 01:18 AM Updated 03/02/2026, 01:24 AM India’s economic growth slips to 7.8%, but still leads major nations 0 Indian Rupee US Dollar -0.47% (Corrects to add dropped words in paragraph 17 of story from February 27 to reflect farm output growth in Q3) By Nikunj Ohri, Manoj Kumar and Shubham Batra NEW DELHI, Feb 27 - India’s economic growth slowed in the October-December quarter as government spending and private investment eased, but the South Asian nation remained the world’s fastest growing major economy, helped by strong consumption. The economy grew 7.8% in October-December from a year earlier under a new data series, slowing from 8.4% expansion in the previous quarter. The Indian government’s projections under the new data series marginally boosted growth for financial year ending March 31. The economy is estimated to grow by 7.6% in 2025/26, the National Statistics Office said on Friday. It had been forecast to grow by 7.4% under the old data series. For financial year 2026/27, the country’s projected economic growth has been revised to 7%-7.4% under the new series, said Chief Economic Adviser V Anantha Nageswaran after the data was released. In his annual report released last month, the economy was projected to grow at 6.8%-7.2% for 2026/27. The South Asian nation will comfortably cross the $4 trillion mark in the next financial year, Nageswaran said. INDIA ATTEMPTS TO OVERCOME TARIFF CHALLENGES For much of the current financial year, India’s economy has contended with uncertainty from tariffs, which have weighed on exports....