Quick Summary
The Ministry of Statistics and Programme Implementation (MoSPI) has released a new series of Gross Domestic Product (GDP) estimates with base year 2022-23, replacing the earlier 2011-12 base year series. The revision aims to better capture structural changes in the economy, incorporate new and granular data sources, enhance estimation methodologies, and improve overall accuracy and coverage of India's national accounts. Why Base Year Revision Matters Base year revisions are periodically und
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FAQ :
The new base year for India's GDP estimates is 2022-23, replacing the previous 2011-12 series.
India's real GDP grew at a rate of 7.6% in FY 2025-26, according to the second advance estimates.
The growth momentum is primarily driven by manufacturing, construction, mining, financial services, and real estate sectors.
Improvements include double deflation in manufacturing and agriculture, integration of the Supply Use Table framework, use of new data sources like GST, and better measurement of the household sector.
Back series data recalculated using the new methodology is expected to be released by December 2026.
The real GDP for FY 2025-26 is estimated at ₹322.58 lakh crore.
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