Gross Domestic Product

New GDP series to improve informal sector estimates, add double deflation

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

New CPI series to use e-commerce, online sources for price data: Govt

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's new GDP series to reboot consumption maths as spending shifts

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

Beating expectations: Recent reforms will improve the business environment

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

India's Q2 FY26 GDP grows 8.2% as spending and key sectors strengthen

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

Rate cut could be a close call as RBI eyes lower CPI, steady growth view

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

Industrial classification set for a makeover, in line with new-age economy

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

The failure of anti-austerity populism amid inflation and rate shifts

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

Rate cut? Status quo likely in Aug monetary policy despite inflation dip

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

Trump tariffs may drag India's FY26 GDP growth by 20-40 bps: Economists

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

Trump tariffs may drag India's growth by 20-40 bps in FY26

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

Govt capex hits ₹2.75 trn in Q1FY26, but lags pre-election year levels

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)

Strong reforms to boost infra development in Maharashtra: Morgan Stanley

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

Donald Trump makes China great again as it grows bolder with India

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

Statsguru: As GST turns eight yrs old, need for reform push grows

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

India's external debt rises to $736 billion, 19.1% of GDP, says RBI

Short-term debt to total debt ratio dips to 18.3

Statsguru: Young India yet to tap demographic dividend, needs a policy push

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

Alternative data sources help in 'proactive intervention' for growth: CEA

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

Datanomics: Govt betters fiscal deficit target despite lower tax receipts

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

GST Council's likely agenda: Intermediaries may get exporter status

"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