India's economy grew at a rate of 7.8% during the October-December quarter of the 2025-26 financial year. The central government released this information on Friday. In the previous quarter, i.e., during July-September, GDP growth was 8.4%.
The Ministry of Statistics and Programme Implementation (MoSPI) has released a new series of annual and quarterly national accounts with a base year of 2022-23. Earlier, GDP was calculated with a base year of 2011-12. The new series reflects the current real situation of the economy more accurately.
According to the new series, India's GDP growth is estimated to be 7.6% in the current financial year. Earlier, the advance estimate released in January put this rate at 7.4%. This means the growth prospects of the economy have improved somewhat according to the new calculation.
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More data has been included in the new GDP series. This includes GST data, e-Vahan-related information, and household services such as cooking, driver and domestic worker services. As a result, economic calculations have become more accurate.
MoSPI has stated that base years are revised from time to time to keep pace with changes in the economy. This provides an accurate picture of the economy's actual size and growth. Generally, GDP series are revised every five years. However, due to the COVID pandemic and GST implementation, this revision could not be done on time.
