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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Gross Domestic Product QoQ fell to -0.5% in Q3 2026
FMPMonthlyReleased September 2026
India Gross Domestic Product QoQ fell to -0.5% in Q3 2026, released September 2026, down 1.2% from July's 0.7% reading.
Latest Release
-0.500000
Actual
—
Consensus
0.700000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.83 | COMMODITIES | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.36 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product QoQ (India) was reported at -0.5% in September 2026. The reading fell from the previous value of 0.7%. Trailing 12-month context per ETL data through September 2026.
WHY IT MATTERS
The trailing three releases averaged -0.37%, up from the prior three at -0.93%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Nov 12).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Gross Domestic Product QoQ - IN
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About Gross Domestic Product QoQ — India
DEFINITION
India's Gross Domestic Product QoQ contracted by -0.500000% in Q2 2026, missing the prior quarter's 0.700000% growth. This marks a sharp reversal from Q1 2026's expansion, signaling a notable economic slowdown. Market focus will remain on upcoming policy moves as growth momentum weakens. Updated 9/1/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual -0.5 %. Prior reading (Jan 2026): 0.7 %. Before that (Oct 2025): -1.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.83) — a useful reference for commodities-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - IN Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:30 | IN | Government Budget Value | -7144.1 | -7102.5 | -6800 | -6972.05 | Low |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 05:00 | IN | S&P Global Manufacturing PMI | 54.9 | 54.7 | 54.50 | Low | |