Overview
- MoSPI and the NSO released a new national accounts series with 2022–23 as the base year, replacing the 2011–12 base.
- FY26 real GDP is now pegged at 7.6% in the Second Advance Estimates, up from 7.4% under the old series, with nominal growth estimated at 8.6%.
- Q3 FY26 real GDP rose 7.8% year-on-year, while Q2 was revised to 8.4% and Q1 to 6.7% under the updated framework.
- Manufacturing led the sectoral gains with 13.3% growth in Q3, services remained strong in double digits, and agriculture slowed to about 1.4%.
- Method changes include double deflation for key sectors, integration of Supply–Use Tables, roughly 600 price deflators, and wider use of GST, PFMS, e‑Vahan, MCA, ASUSE and PLFS data, with the CEA lifting FY27 growth guidance to 7–7.4%.