If everybody were to start spending according to their means, or lack thereof, the economy would experience what Keynes termed the paradox of thrift shock, when everyone trying to save would actually drag down consumption and growth and do more harm than good.
Annual GDP growth for 2025-26, the third full year for which data is available in the new 2022-23 GDP series came in at 7.7%, which is higher than the 7.2% and 7.1% growth in 2023-24 and 2024-25.