Despite a downward revision in nominal GDP following a change in the base year, India's overall fiscal dynamics remain very comfortable, with the fiscal deficit contained at 63 per cent of the revised estimates (RE) during April-January FY26, according to a report by Union Bank of India.
India's latest base year revision of national accounts has led to an upward adjustment in GDP growth estimates for 2025-26. The government said that the use of annual surveys for household sector estimates and change in method of deflation improved the GDP estimates.
India's real GDP is estimated to grow by 7.6 per cent in the current financial year 2025-26, Ministry of Statistics and Programme Implementation (MoSPI) estimates showed Thursday.
During a press conference after the customary post-Budget meeting with finance minister, RBI governor responded to a query on whether the inflation targeting range would be revised following the CPI base year update, he said the matter is under examination. "The RBI had earlier published a d
The domestic GDP growth for FY26 is likely to be higher than the National Statistical Office's (NSO) current estimate once the government releases the new base year, highlighted a report by State Bank of India (SBI).
Finance Minister Nirmala Sitharaman on Wednesday hit back at the Congress leaders who took a jibe at the government over the IMF's annual review of India's national accounts statistics giving the data Grade 'C' and asserted that the IMF report does not question the growth figures. She sai