GDP Data

Several elements have been introduced in the new series. For instance, the functions of multi-activity enterprises have been segregated, which will provide a clearer picture

The GDP revision improves measurement, says former chief statistician Pronab Sen, but raises questions on double deflation, consumption surge and fiscal maths

India will shift GDP base year to FY23 and adopt price deflators and double deflation to improve accuracy, reflect structural shifts, and align national accounts with global standards

Under previous methods, low nominal ‌GDP growth alongside low wholesale inflation created discrepancies by translating into higher real growth rates

From shopping baskets to growth calculations, India is updating the base years for CPI inflation and GDP to reflect today's economy, a recalibration that will change headline numbers without altering

Key GDP and inflation metrics will be revised in February as MoSPI updates base years, meaning several assumptions underpinning Budget 2026 will be recalculated soon after the speech

India got a 'C' grade only for its national accounts data because the base year used is still 2011 to 2012

Interestingly, the US Federal Reserve's December 2025 meeting is a few days after the MPC's last scheduled review for 2025, in which it may cut rates further.

At the bourses, meanwhile, Nifty India Manufacturing index, which has outperformed the market by surging 26 per cent in the past nine months

Earlier on Friday, as per the NSO data, India's real GDP was estimated to have grown by 8.2 per cent in the July-September quarter of the current financial year 2025-26

Real GDP for the quarter stood at ₹48.63 trillion, up from ₹44.94 trillion in Q2 FY25

According to the latest data, the economy grew at a staggering 7.8 per cent rate in the April-June quarter of 2025-26, far above forecasts made by economists based on all the other available data

Economists say the effect of a low deflator and low base is likely to boost expansion

Q1 FY26 GDP: MoSPI data shows GDP growth above RBI's 6.5% estimate; nominal GDP at ₹86.05 trillion, GVA at ₹44.64 trillion

India's 18 future arenas - from EVs and semiconductors to AI and space - could drive 30% of its GDP growth by 2040, making the country a global hub for innovation, tech, and industrial leadership

Given benign inflation outlook and growth still lower than potential, MPC should continue on reducing policy rate by another 50 bps

Stock Market Highlights on Friday, May 30, 2025: Among the broader basket, Nifty Midcap100, and Nifty Smallcap100 ended with a loss of 0.06 per cent and 0.03 per cent, respectively

MoSPI has defined national metadata standards to lay down clear definitions for data collection and set out a quality assessment framework for various ministries that collect the information

India has not made enough progress in improving living standards. While the country has climbed international rankings, the progress remains slow

Statisticians across the spectrum welcomed this decision, though questions remained about why the timeline for releasing a given year's GDP data and the number of revisions couldn't be reduced further