New GDP series projects higher growth rate at 7.6 pc in FY26, 7.8 pc in Oct-Dec
GST
Dated:- 27-2-2026
PTI
New Delhi, Feb 27 (PTI) India's GDP growth estimate has been raised to 7.6 per cent for the current fiscal from 7.4 per cent after the government revised the calculation methodology, including change in base year and adding data from GST and e-Vahan portal, to better reflect economic activities.
The Ministry of Statistics and Programme Implementation (MoSPI) on Friday released the New Series of Annual and Quarterly National Accounts Estimates with base year 2022–23, which replaces the previous series with a base year of 2011–12. This is the 9th base revision of the GDP series.
According to the new series, the gro
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
aid, while releasing the new series.
The series provides the 'Second Advance Estimates of Annual GDP for FY 2025–26' and 'Quarterly Estimates of GDP from Q1 (April-June) of FY 2022-23 to Q3 (October-December) of FY 2025-26'.
Nominal GDP has witnessed a growth of 8.6 per cent during 2025-26.
These growth rates are revised upward from their respective First Advance Estimates computed using previous base year (2011-12), MoSPI said.
It further said that the economy has exhibited sustained performance, recording real GDP growth rates of 7.2 per cent and 7.1 per cent, respectively, during 2023–24 and 2024–25. Nominal GDP has registered 11 per cent and 9.7 per cent growth rates during 2023–24 and 2024–25, respectively.
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
ich are more comprehensive and available at a shorter time lag, and have been explored for augmenting the existing data sources for compilation and corroboration of estimates.
Further, MoSPI said that in the new series, double deflation will be used in the manufacturing and agriculture industries and single extrapolation elsewhere.
As such, single deflation has been completely done away with. Besides, deflators will be used at a more granular level.
In the old series, the household sector was estimated either through inter-survey growths or through some proxy indicators.
In the new series, level estimates of the household sector will be compiled through regular surveys – Annual Survey of Unincorporated Sector Enterprise (A
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =