GDP

The United Nations has revised downward India's economic growth forecast for 2026 to 6.4 per cent from its earlier projection of 6.6 per cent, citing global uncertainties and economic shocks arising from the ongoing West Asia crisis. As per the report released by the UN Department of Economic and Social Affairs (UN DESA) on Tuesday, India, however, remains one of the fastest-growing major economies. West Asia crisis has delivered yet another shock to the global economy, slowing growth, reigniting inflationary pressures and heightening uncertainty, it said. Ingo Pitterle, Senior Economist and Officer-in-charge of Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN DESA, said India is "not immune" to current global challenges. "It is a large energy importer and it is also exposed to other channels, for example, remittances, add to some vulnerability. Also, a global financial tightening will make monetary policy more complicated," he added. Pitterle pointed o

The Japanese economy grew at an annualised rate of 2.1% in the January-March quarter, the government said Tuesday, showing its resilience despite rising energy prices because of the war in Iran. Japan's real gross domestic product, or GDP, the sum value of a nation's goods and services, grew at a seasonally adjusted 0.5% from the previous quarter. It was the second straight quarter of growth. The annualised number shows what the growth, or contraction, would have been if the quarterly rate continued for a year. Increased spending by consumers and businesses helped contribute to the stronger than expected results. Higher government spending also supported the expansion. Private consumption rose 0.3% quarter-on-quarter, or at an annualised rate of 1.1%, according to the preliminary data from the Cabinet Office. Public demand rose 0.3% from the previous quarter. Japan's economy contracted in July-September last year, then eked out moderate growth in October-December of 0.2% on-quarter

India's current account deficit is set to widen to 2.3 per cent of GDP in FY27 from 0.9 per cent in FY26, a foreign brokerage said on Monday. The balance of payments (BoP) deficit is estimated to widen to USD 65 billion in the current fiscal from the last fiscal year's USD 35 billion, it said. HSBC said it has assumed crude prices to average USD 95 a barrel, and combined it with sensitivities in oil, gold, core goods, services trade and remittances to arrive at a current account deficit of 2.3 per cent of GDP in FY27 as against 0.9 per cent in FY26. The BoP forecast has been made after growing through trends in portfolio inflows, FDI flows, and external commercial borrowing (ECBs), it said. The report also looked at forex reserves and opined that the nearly USD 700 billion kitty seems sufficient from the traditional perspective, but suggested the need to look at it from a dynamic perspective, better for the current times of heightened risks amid recurring global shocks. "Using a .

The ministry said the change was necessitated because some "critical datasets become available only after a lag of up to two months"

India may be significantly underestimating the true fiscal cost of public sector compensation, raising concerns over long-term fiscal sustainability

India's economy is projected to grow at 6.6 per cent in 2026-27 fiscal while a comprehensive package is required on the Balance of Payments (BoP) front amid rupee depreciation and higher oil price, an SBI Research report said on Monday. The report said the rupee, which has weakened much in the recent period "through clouds on external macros, as also unabated speculative forces" needs structural changes on BoP front, stream lining the guard rails of import substitution, export competitiveness, integration in global value chain. The rupee has breached the 95-mark against the US dollar that has strengthened due to rising global uncertainties, triggered by the West Asia conflict. "There is now a felt need to put in place a comprehensive package to address Balance of Payments (BoP)," SBI Research said and made a strong case for diaspora bonds. With the country's macro fundamental getting distorted as Brent crude prices hover above USD 100, and transport and insurance costs spiking, the

Instead of panic, respond with preparedness; keep separate money pools of money for short-, medium-, and long-term needs

Gross domestic product increased at a 2.0 per cent annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance GDP estimate on Thursday

India's GDP growth may slip to around 6 per cent and retail inflation could rise to RBI's upper tolerance band of 6 per cent in the current fiscal, if the Indian crude basket price averages USD 120 a barrel, EY India said on Wednesday. EY India Chief Policy Advisor DK Srivastava said, although room for policy interventions is limited, policymakers need to consider upward revision in the repo rate and accelerated diversification of sources of crude supply as the price of the Indian crude basket (ICB) may rise further if the West Asian crisis persists. "If the ICB price averages USD 120 per barrel in FY27, India's real GDP growth may slip to about 6 per cent and CPI inflation may increase to 6 per cent... To minimise the adverse impact on fiscal deficit, increased energy prices should be passed on to the retailers to a relatively larger extent," Srivastava said. The April 2026 release of the US Energy Information Administration EIA Short-Term Energy Outlook projects Brent crude oil ..

India's GDP in domestic currency terms records a CAGR of 8.56 per cent between 2021 and 2025, reflecting highest economic growth among major economies

Last year's shutdown of the government was the key driver of the slowdown from the third quarter's 4.4 per cent growth pace

In the first two months of the year, GDP fell by 1.8 per cent

The Organisation for Economic Cooperation and Development (OECD) on Thursday projected India's GDP to grow at 7.6 per cent in the current fiscal and 6.1 per cent in 2026-27. The OECD in its interim Economic Outlook report said the evolving conflict in the Middle East has "human and economic costs" for the countries directly involved, and will test the resilience of the global economy. A halt in shipments through the Strait of Hormuz and the closure or damage of energy infrastructure has generated a surge in energy prices and disrupted the global supply of energy and other important commodities, such as fertilisers. "The decline in (US) tariffs should support growth in India, though gas rationing will disrupt some production activities and fiscal support is expected to fade, with growth easing from 7.6 per cent in fiscal year (FY) 2025-26 to 6.1 per cent in FY 2026-27 and 6.4 per cent in FY 2027-28," the OECD said. The fading deflationary impact of past food and energy price-reducin

Growth across sectors remains balanced, with services projected to grow at 8.6 per cent, the primary sector at 8.4 per cent, and the secondary sector at 7.7 per cent

India is set to release a new GDP series with 2022–23 as the base year. But what exactly is GDP, how is it calculated, and why do revisions matter?

India’s economy expanded 7.8% in the October–December quarter of FY26, according to newly released national accounts data based on a revised GDP series with 2022–23 as the base year.

The fiscal deficit as a percentage of GDP for three financial years till 2024-25 has been revised upwards following the revision in base year for calculation of GDP, the government informed Parliament on Tuesday. As per the new GDP Series published on February 27, the fiscal deficit as a percentage of GDP works out to be 4.9 per cent for 2024-25, 5.7 per cent for 2023-24, and 6.7 per cent for 2022-23, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha. The fiscal deficit was earlier estimated at 4.8 per cent for FY'25, 5.63 per cent for FY'24 and 6.4 per cent for FY'23. In absolute term, fiscal deficit stood at Rs 15.74 lakh crore in FY'25, Rs 16.55 lakh crore in FY'24 and Rs 17.38 lakh crore in FY'23. On February 27, 2026, the government released the new series of Gross Domestic Product (GDP) estimates with 2022-23 as the base year, replacing the previous series with a base year of 201112. With the new 2022-23 base, the Nominal GDP or GDP at

Some ministries are over 45% short of revised estimates

Maharashtra's economy is expected to grow at 7.9 per cent in 2025-26, slightly higher than the projected 7.4 per cent growth of the national economy, according to the government's pre-budget Economic Survey tabled in the state assembly on Thursday. The survey said the state's nominal Gross State Domestic Product (GSDP) is estimated at Rs 51 lakh crore, while real GSDP at constant prices is projected at Rs 28.82 lakh crore in 2025-26. The services sector remains the biggest driver of the state economy, accounting for nearly 60 per cent of the total Gross State Value Added (GSVA). The sector is expected to grow around 9 per cent in 2025-26, led by financial, real estate and professional services, it said. The survey projected industry sector growth at 5.7 per cent and agriculture and allied activities at 3.4 per cent during the year. For 2024-25, the survey estimated the state's nominal GSDP at Rs 46.22 lakh crore, with real GSDP growth pegged at 7.3 per cent over the previous year.

RBI Deputy Governor Swaminathan J says India's path to Viksit Bharat@2047 depends on productive capital allocation, meaningful financial inclusion and strong customer protection