Gross Domestic Product

India's revamped GDP series will use richer data and double deflation to better capture the informal economy, address IMF concerns and improve accuracy from 2026

The government proposes to include online sources as well as e-commerce platforms to compute retail inflation in a bid to substantially improve reliability, accuracy, and overall quality of the consumer price index (CPI). Ministry of Statistics and Programme Implementation (MoSPI) is in the process of revising the base years for computing CPI, Index of Industrial Production (IIP) and Gross Domestic Product (GDP). The new series of CPI (consumer price index-based inflation) with base year (2024=100) data is scheduled to be released on February 12, 2026. The data on National Accounts with financial year 2022-23 as base year is scheduled to be released on February 27, 2026, while the new series of IIP data with base year 2022-23 will be released on May 28. MoSPI on Tuesday organised a pre-release consultative workshop on base revision of CPI, GDP and IIP. On inclusion of new data sources in CPI, the ministry said in addition to the data collected from physical outlets as being done i

India will use household consumption survey data to estimate spending in the revised GDP series, reflecting a shift as families now spend more on non-food items than food

India's GDP surged 8% in the first half, defying global headwinds, but weak nominal growth and slowing tax revenues raise fresh questions ahead of the MPC's policy review

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

RBI will pare CPI inflation projection again, but might not change growth estimate for now; dovish undertone likely

An overhaul of the National Industrial Classification framework seeks to include multiple new activities that better capture a changing economy, data from which is expected to help policymaking

Historically, most debt and inflation crises have occurred when governments that could have met their obligations in full instead chose inflation or default

RBI set to lower inflation projection, but GDP growth estimate and policy stance may remain unchanged

Apart from the 25 per cent tariff, Trump on Wednesday threatened to impose a penalty on India for buying Russian oil and defence equipment

Economists warn of a 0.2-0.4% GDP impact as key exports to US-pharma, smartphones, textiles-face higher duties; indirect effects on investment likely

The net tax revenue of ₹5.4 trillion stood at 19 per cent of the BE in Q1FY26 compared to 21.3 per cent in Q1FY25, registering a contraction of 2 per cent year-on-year (Y-o-Y)

The state government is aiming to develop state-of-the-art infrastructure facilities in an environmentally, economically, and socially sustainable manner

Assumptions about US' decline are making China bolder and more overbearing in its approach towards India

The goods and services tax (GST), net of refunds, now yields close to ₹20 trillion to the exchequer - both the Centre's and states'

Short-term debt to total debt ratio dips to 18.3

Among the countries having demographic dividend, India is a noticeable exception that has not harnessed this human resource

Suman K Bery, vice-chairperson of NITI Aayog, told the workshop conventional data should be integrated with alternate sources while ensuring quality

The credit goes to higher GDP in nominal terms than considered by the Budget

"With the Law Committee's approval expected shortly, the GST Council's final decision in its next meeting could mark a turning point for India's intermediary-driven export sectors," said the official