Gdp

Understanding double deflation: What it does and why it matters

India's new GDP series uses double deflation to measure real growth more accurately by separately accounting for changes in output and input prices

The GDP combat sport

The dispute concerns methodology, base years, deflators, and the various adjustments required to convert the bewildering activity of 1.4 billion people into a single number

The GDP number puzzle

It may take a while to develop a gut feel for the methodology, but looking beyond GDP to the Li Keqiang approach may offer some answers

World Bank's Mishra pushes back on doubts over strength of India's growth

World Bank Executive Director Neelkanth Mishra said high-frequency indicators such as vehicle sales, cement volumes and credit demand point to strong economic momentum despite doubts over GDP data

Methodology of new GDP series is questionable, says Pronab Sen

Pronab Sen, the first chief statistician of India, in a telephonic conversation with Asit Ranjan Mishra, explains his key concern about the latest gross domestic product (GDP) data and the criticism h

Previous revisions also caused changes in nominal GDP: Analysis

The base year change from 1999-00 to 2004-05 led to a 6% rise in nominal GDP numbers of Q1FY08

Govt asserts no 'mechanical' boost aided Q1FY27 GDP growth print

Input prices rose faster than output prices, driving negative manufacturing deflator, govt said

Govt defends GDP estimates, says revisions reflect data, not growth boost

The statistics ministry on Wednesday defended the methodology behind its newly released economic growth estimates, saying revisions to last year's GDP and the divergence between different price measures reflect updated data and estimation techniques rather than an attempt to artificially boost headline growth. The clarification came two days after the government released an updated series of annual and quarterly GDP estimates with 2022-23 as the base year, incorporating a new Producer Price Index (PPI), Banking Services Price Index and additional administrative data. The ministry's detailed questions-and-answers addressed concerns ranging from negative implicit price deflators in manufacturing to the sharp difference between nominal and real growth in mining, as well as the sizeable statistical discrepancy between production- and expenditure-side estimates. India's economy grew 7.8 per cent in real terms in the first quarter of fiscal 2026-27, according to the revised GDP series. T

Investment demand drives growth in Q1FY27, consumption loses momentum

Gross fixed capital formation growth accelerated to 11.9 per cent in Q1FY27, while private consumption growth slowed to 7.1 per cent from 7.5 per cent in Q4FY26

Datanomics: Subsidies weigh on GDP growth despite strong GVA expansion

India's GDP grew 7.8% in Q1FY27, below 8.2% GVA growth as subsidies restrained net indirect tax growth, widening the gap between the two measures

Beating the odds

The data from the expenditure side showed that private final consumption expenditure increased 7.1 per cent during the quarter, an improvement over the previous year but below the headline rate

Reforms, agile economic management bearing fruit: FM on 7.8% Q1 GDP growth

Finance Minister Nirmala Sitharaman on Monday said the reforms undertaken by the NDA government, together with an agile management of the economy, are bearing results, with real GDP growth coming in at 7.8 per cent in the April-June quarter. India's economic growth in the first quarter is well above the Reserve Bank of India's 7 per cent GDP growth forecast for the quarter. "The credit for this strong performance goes to the people of India and their hard work. Reforms undertaken by the NDA Government, together with an agile management of the economy, are bearing results," Sitharaman said in a post on X. She said the Narendra Modi-led government remains committed to further expanding economic opportunities for all citizens. As per GDP data released by the Ministry of Statistics & Programme Implementation, nominal GDP in Q1 of FY 202627 is estimated to have grown by 10.3 per cent, while real GVA (gross value added) recorded 8.2 per cent growth.

India's economic growth likely slowed to 7.1% in April-June quarter: Poll

Risks to the outlook for Asia's third-largest economy, which imports more than 85 per cent of its oil, have increased as crude prices are above $90 a barrel and may climb higher

India economic growth may beat RBI's 6.7% forecast: Deputy Guv Poonam Gupta

Gupta also sounded confident about India's external accounts, saying it will be 'much more conducive'

India's growth to slow to 6.8% in FY27 amid West Asia crisis, El Nino risks

India Ratings & Research on Tuesday projected India's GDP growth to slow down to 6.8 per cent in the current fiscal year, as against 7.6 per cent in the previous year, citing risks from fuel and food inflation stemming from West Asia conflict's uncertainty, weak currency, and the likely impact of El Nino on agriculture. The FY27 GDP growth projection at 6.8 per cent is a tad higher than the 6.7 per cent growth Ind-Ra had projected in May. Earlier this month, the Reserve Bank of India (RBI) had raised growth projections from 6.6 per cent to 6.7 per cent citing resilient domestic economy. The domestic rating agency said it now estimates average crude oil price at USD 85/bbl in FY27 compared to USD 95/bbl in May 2026. It expects rupee-dollar exchange rate to average Rs 93.98 (May 2026: Rs 94.28), a depreciation of 6.4 per cent YoY, in FY27. Fitch Group subsidiary Ind-Ra estimates capital flows of USD 70 billion under foreign currency non-resident (bank) (FCNR B) and external ...

India 6th-largest economy in world with $3.92 trn GDP: Govt tells Parl

The International Monetary Fund (IMF) in its World Economic Outlook for April 2026 noted India's nominal GDP at USD 3.92 trillion for 2025-26, which makes India the sixth-largest economy in the world, Parliament was informed on Tuesday. "The IMF's rankings are based on nominal GDP measured at prevailing US Dollar exchange rates. Consequently, the relative ranking of economies can change due to a combination of factors, including economic growth, movements in exchange rates and prices, revisions to national accounts and changes in the size and growth of other major economies," Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha. The government has adopted a broad-based strategy to enhance the growth potential of the Indian economy, he said. The strategy focuses on enhancing agricultural productivity, promoting manufacturing through initiatives such as the Production-Linked Incentive Schemes and relaxing Quality Control Orders, strengthening MSMEs

India growth seen slowing to 6.6% in FY27, says Fitch Group company BMI

Fitch Group company BMI on Tuesday projected India's growth to slow to 6.6 per cent in the current fiscal as the boost to the economy from last year's GST reforms wanes and elevated inflation erodes household income. The Indian economy grew 7.7 per cent in financial year 2025-26. India remains Asia-Pacific's fastest-growing large economy, but the risks lie to the downside, mainly from a re-escalation in the Middle East or a weaker monsoon, BMI said. It said India's growth will slow in FY27 as the fiscal boost from GST reforms fades and inflation remains elevated, averaging 5.4 per cent. "We expect growth to moderate from 7.7 per cent in FY2025/26 (April-March) to 6.6 per cent in FY2026/27, as the lift from last year's Goods and Services Tax reforms wears off while elevated inflation erodes household incomes," BMI said. As part of the GST reforms rolled out in September last year, tax rates on 375 items were cut and GST was rationalised from a 4-tier structure to virtually 2 slabs

CAG report 2024-25 signals decline in Delhi's contribution to national GDP

A CAG report tabled in the Delhi Assembly by Chief Minister Rekha Gupta on Monday highlighted the overall declining trend of GSDP, indicating "slightly slower" economic growth of the city as compared to the rest of the country. The report on the finances of Delhi government for 2024-25 analysed overall financial health, expenditure trends, debt position, and compliance with fiscal responsibility during the period when the Aam Aadmi Party (AAP) was in power in Delhi. The economic growth and gross state domestic product (GSDP) of Delhi showed a "healthy trend" in 2024-25. The GSDP at Rs 12.15 lakh crore registered a growth of 9.17 per cent over the previous financial year, the report by the Comptroller and Auditor General (CAG) of India said. It said Delhi contributed 3.67 per cent to the gross domestic product (GDP) of India in 2024-25. GDP refers to the total value of goods and services produced within a country, while GSDP measures the same at the state or Union territory level, an

Govt's debt-to-GDP ratio at 58.2% in FY26, 210 bps above target of 56.1%

The government will have to cut its debt-to-GDP ratio by 260 basis points in the current financial year to meet the Budget Estimate of 55.6 per cent for FY27

Corrosion costs India ₹14.1 trn annually; infra, energy worst-hit: Report

A Nomura report estimates that corrosion costs India ₹14.1 trillion annually, adding that better corrosion-management practices could potentially save the economy nearly ₹5 trillion every year