New GDP Series changes size and structure of Indian economy, with India's latest national accounts revision altering estimates of the economy's size, sectoral composition and expenditure patterns while improving statistical measurement of economic activity according to the Finance Ministry's
Economists and industry leaders have termed India's 7.8 per cent GDP growth in the October-December 2025 quarter (Q3 FY26) as a sign of sustained economic momentum, even as the pace moderated from 8.4 per cent in Q2 FY26 under the new 2022-23 base year series.
Under the new arrangement, the base year has been revised from 2012 to 2024 using Household Consumption Expenditure Survey 2023-24. Further, now there are 12 Divisions in place of 6 Groups in accordance to Classification of Individual Consumption According to Purpose (COICOP) 2018. The year-
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