According to the latest data of the new series, India’s economy grew by 7.8 percent in the October-December quarter of the financial year 2025-26. This rate is higher than the 7.4 percent recorded in the same quarter last year, which shows an increase in economic activity. The Ministry of Statistics and Program Implementation (MoSPI) on Friday released a new series of National Accounts with 2022-23 as the base year. This will formally replace the old series based on 2011–12.
Estimates for the current financial year
The GDP growth rate for the current financial year has also been revised from 7.4 percent to 7.6 percent. In the advance estimates released in January, the growth rate was earlier estimated to be 7.4 percent. The quarterly figures have also been revised. The growth rate for July-September 2025-26 has been increased from 8.2 percent to 8.4 percent. The data for the first quarter has been reduced from 7.8 percent to 6.7 percent. These preliminary data, released along with the new base year series, give a more accurate and complete picture of the current condition of the economy and its growth rate.
Support received from increased demand and investment activity
According to experts, the economy got a boost due to increased demand and better investment activity during the festive season. Government capital spending and infrastructure projects also had a positive impact. The government said that the new series will provide a more accurate estimate of the real condition of the economy.
What is GDP?
GDP measures the monetary value of final goods and services produced in a country over a period of time (such as a quarter or a year)—that is, the goods purchased by end users. In this, all the outputs created within the country’s borders are counted. GDP includes goods and services produced for sale in markets and also includes some non-market production, such as defense or education services provided by governments.