India’s GDP Growth FY26 has been estimated at 7.6 percent under the revised national accounts series, according to data released on February 27. The updated figures, which adopt 2022-23 as the new base year, indicate stronger expansion than earlier projections for India’s GDP Growth.
Under the previous 2011-12 base series, FY26 growth was estimated at 7.4 percent in January. The shift to the new base year raises growth by 0.2 percentage points, reflecting changes in methodology and broader economic coverage.
The focus on India’s GDP Growth reflects the economy’s resilience and adaptability in the global landscape.
India GDP Growth FY26 Revised Under New Methodology
The revised framework incorporates methodological improvements and an expanded database of companies, significantly widening the coverage of business units included in national income calculations. Officials stated that enhanced estimation techniques, including double deflation and refined extrapolation methods, have been adopted to better capture real economic activity across sectors.
The rebasing exercise aims to align GDP measurement more closely with current economic realities, including shifts in consumption patterns, production structures, and the growing formalisation of enterprises in India’s economy.
Upward Revisions In Previous Years
The new series has also led to revisions in earlier fiscal years. FY25 growth has been revised upward to 7.1 percent from 6.5 percent estimated earlier. Meanwhile, FY24 growth stands at 7.2 percent, down from 9.2 percent in the earlier base-year series.
These revisions underscore the impact of improved data sources and recalibrated estimation processes on historical growth trends.
Quarterly Trends Support India’s GDP Growth FY26
Quarterly data show steady economic momentum during FY26. The economy expanded 6.7 percent in the first quarter, accelerated to 8.4 percent in the second quarter, and recorded 7.8 percent growth in the third quarter.
Growth for the first half of the fiscal year was also revised. Q1 growth is now estimated at 6.7 percent, compared with 7.8 percent earlier, while Q2 growth has been revised to 8.4 percent from 8.2 percent previously.
The quarterly trajectory suggests resilience in domestic demand and investment activity despite global uncertainties.
Why The New GDP Series Matters
Rebasing GDP to 2022-23 is expected to improve comparability with the present economic structure. Over the past decade, India has seen structural shifts in manufacturing, services, digital activity, and the expansion of the formal sector. Updating the base year allows national accounts to better reflect these transformations.
For policymakers and investors, India’s GDP Growth FY26 at 7.6 percent under the new series reinforces the country’s position among the fastest-growing major economies. The revised framework is also intended to enhance transparency and analytical clarity in measuring economic performance going forward.
With improved statistical coverage and updated benchmarks, the new GDP series provides a more contemporary lens for assessing India’s growth trajectory in the years ahead.
