Latest Updates on New GDP series

OECD projects India's GDP to grow at 7.6% in FY26, 6.1% in FY27

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

Himachal Pradesh economy grows 10.1% in FY26, real GSDP seen at 8.3%

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

New GDP series: A beginner's guide to GDP estimates | GDP base year | GDP growth | Indian Economy

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 new GDP series highlights: Economy grows by 7.8% in Q3 FY26; full year growth raised to 7.6%

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.

Govt revises fiscal deficit ratios for FY23-FY25 after GDP base year update

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

Ministries have Feb-Mar to bridge 26% average revised estimate gap

Some ministries are over 45% short of revised estimates

Maharashtra's economy projected to grow 7.9% in 2025-26: Economic Survey

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.

Productive capital, inclusion key to next growth phase: RBI Dy Guv

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

India's CAD widens to ₹13.2 billion in Q3 on higher trade deficit: RBI

The current account deficit stood at $11.3 billion, or 1.1 per cent of GDP, in the corresponding quarter of 2024-25

Best of BS Opinion: New GDP series welcome, but more needs to be done

A new GDP base year, US-Israel strikes on Iran, India's urban planning crisis, and artificial intelligence's impact on the IT sector dominate today's Opinion page

A new beginning: New GDP series has improved the scope of estimation

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

India's new GDP series: Shaping key decisions in a data-driven era

The significance of these figures becomes even more striking when viewed against the backdrop of numerous methodological changes and use of new data sources in the base revision exercise

India revises GDP methodology | Pronab Sen explains what it means

India revises GDP methodology | Pronab Sen explains what it means

Explained: How India’s new GDP series will alter growth estimation | GDP growth numbers | Economy

India is set to release a revised GDP series with FY23 as the new base year, replacing 2011-12.

GDP growth projection for FY27 revised to 7-7.4% as per new series: CEA

Economy continues to maintain strong growth momentum, supported by broad-based activities, says CEA Nageswaran

India must build materials, tech capability to scale manufacturing: Experts

India’s manufacturing sector, which currently accounts for about 17 per cent of gross domestic product (GDP)