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To track India’s household consumption patterns at a more granular level, the National Statistics Office is likely to introduce new categories under the upcoming gross domestic product (GDP) series, with 2022-23 as the new base year, according to a report of the sub-committee on methodological improvements for GDP released on Wednesday.
FY26 GDP growth comes in at 7.6% on new series; Q3FY26 growth at 7.8%
Earlier this month, the government revised its inflation series to better capture shifting spending patterns in the world's fastest-growing major economy
Updated On: Feb 27 2026 | 9:40 AM ISTWhat is GDP, how is it calculated, and why do estimates matter? A simple guide to GDP, GSDP, nominal vs real growth and India's new base year
Updated On: Feb 26 2026 | 11:28 PM ISTA key pillar of the new series is the improved measurement of the household and informal sectors that account for a significant share of output and employment
Updated On: Feb 26 2026 | 11:36 PM ISTJapan's economy expanded at an anemic 0.2% annual pace in the last quarter, the government reported Monday, with growth for all of 2025 at just 1.1%. Private consumption rose at a 0.4% annualized pace in October-December, but that was offset by a 1.1% drop in exports, the latest seasonally adjusted preliminary data show. Japan's export-reliant economy has been shaken by President Donald Trump's tariffs, but has been growing at a lackluster pace for years. Prime Minister Sanae Takaichi is expected to roll out policies to help revive the economy after a landslide victory in a general election earlier this month. Takaichi has promised to spend more and to suspend Japan's sales tax on food, among other measures. Japan's GDP contracted 0.7% in July-September, quarter-to-quarter, after growing 0.5% in April-June. Since the economy returned to growth in the latest quarter, the country narrowly avoided a technical recession, which is two straight quarters of contraction. On a quarterly ba