India's Q4 Economic Growth Slows to 7.8%

India's economy grew 7.8% in the October-December quarter, making it the world's fastest-growing major economy, although growth slowed from the previous quarter due to eased government spending and private investment. Private consumption remained strong, expanding by 8.7%. The Indian government, under Prime Minister Narendra Modi, has revised its economic growth projections upwards for the financial years 2025/26 and 2026/27, with Chief Economic Adviser V. Anantha Nageswaran stating the economy will cross $4 trillion next year. India has also accelerated domestic reforms and reached an interim tariff agreement with the United States, though potential new tariffs from Donald Trump pose future uncertainty. The India===List of national and international statistical services is overhauling its statistical framework to improve GDP data accuracy, addressing concerns raised by the International Monetary Fund.