- Even in the global recession, the Indian economy is thriving!
- GDP grew by 7.8% in the first quarter
- What is included in GDP statistics?
GDP Growth: In recent times, seeing the increasing thrust of inflation everywhere, there were concerns that it would have a significant impact on the Indian economy. While it has been said that inflation can shake the Indian economy, the figures released by the Ministry of Statistics and Program Implementation, MoSPI, are surprising. According to this estimate, India's economy stands strong in the first quarter of the financial year 2026-27. During this period, the country's GDP has increased at the rate of 7.8 percent. (GDP Growth)
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What does the first quarter report say?
The Ministry of Statistics and Program Implementation i.e. MoSPI has released the GDP figures for the first quarter of the financial year 2026-27 on Monday, August 31. According to these figures, it is clear that the normal GDP has increased by 10.3 percent in the April-June quarter. According to Sarkar, the Indian economy is progressing despite economic challenges following the ongoing global crisis. We have maintained our growth momentum.
2022-23 has been set as the base year
At this time, the GDP figures have been announced considering 2022-23 as the base year. The government had announced a new series for annual and quarterly GDP measurements on February 27, 2026. Subsequently, provisional GDP figures for the financial year 2025-26 were released on 5 June 2026.
An improvement on previous figures as well
The Ministry has also updated the annual figures for the financial years 2022-23, 2023-24 and 2024-25. New information and statistics from various government sources were used. Additionally, the GDP figures from the first quarter of 2022-23 to the fourth quarter of 2025-26 have been updated. Also, new information has also been included in the provisional GDP figures for the financial year 2025-26.
What is included in GDP statistics?
Calculation of GDP includes industrial production, prices, banking services and administrative statistics obtained from various government departments. Along with GDP, the ministry also releases statistics related to consumption, investment and other expenditures in the economy. These figures are presented both based on 'constant prices' 2022-23 and 'current prices'.
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