According to the latest data of the new series, India’s economy registered a growth of 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, indicating 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. With this, the old series based on 2011-12 base year has been formally replaced.
This estimate was made for the current financial year
The GDP growth rate of Gross Domestic Product (GDP) for the current financial year has also been confirmed to be increased from 7.4 percent to 7.6 percent. Earlier in the advance estimates released in January, the growth rate was estimated at 7.4 percent. Quarterly figures have also been changed. The growth rate for July-September 2025-26 has been increased from 8.2 percent to 8.4 percent. At the same time, by revising the figures for the first quarter, the growth rate has been reduced from 7.8 percent to 6.7 percent. These primary data released with the new base year series present the current state of the economy and its rates in a more accurate and comprehensive manner.
Increase in demand and investment activities provided support
According to experts, the economy got a boost due to increase in demand and improvement in investment activities during the festive season. Besides, positive impact of increase in government capital expenditure and infrastructure projects was also seen. The government said that the new series will make it possible to assess the actual condition of the economy more accurately.
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 things that end users buy. In this, all the outputs produced within the country’s borders are counted. GDP includes goods and services produced for sale in the market and also includes some non-market production, such as defense or education services provided by the government.
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