NEW DELHI, Feb. 27 -- India's economy has expanded 7.8% in the December quarter, faster than the 7.4% growth a year earlier, the statistics ministry said on Friday in the new GDP series, which also pegged the FY26 economic growth rate at 7.6%, faster than the 7.1% growth in the previous fiscal.

The new series, with 2022-23 as the base year, replaces the earlier one with 2011-12 as the base year and has newer sources of data. It employs a new methodology to make the GDP estimation more accurate and reliable, according to the ministry.

The ministry also released the GDP figures for the FY23-25 period and the quarterly estimates for each of these years as well under the new series. Back series data will be released by December.

The first ...