Base Year Revision Captures Structural Changes in Indian Economy
Economists highlight how India's GDP base year update to 2017-18 reflects structural shifts like digitalization and services growth, enhancing data accuracy for policy-making.
Category : Economy
India Revises National Accounts Base Year to 2022-23
The Ministry of Statistics and Programme Implementation has updated India's national accounts base year to 2022-23, replacing the 2011-12 series. This revision incorporates GST, PFMS, and e-Vahan data, introduces double deflation, and uses annual surveys
India's GDP Growth Forecast Raised to 7-7.4% for FY 2026-27
Chief Economic Adviser V Anantha Nageswaran raises India's growth forecast for next financial year to 7-7.4%, citing trade agreements, improved capital flows, and strong consumption-investment momentum. Economy expected to cross $4 trillion milestone.
Centre Suspends Fortified Rice Supply in Welfare Schemes
The Centre has temporarily halted universal fortified rice distribution in welfare programmes like PMGKAY, addressing industry concerns over technical challenges and storage issues in Punjab.
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PM Modi Calls for Industry Innovation and Infrastructure Funding
Prime Minister Narendra Modi emphasized the need for fresh investments, innovation, and enhanced infrastructure funding from financial institutions during a post-budget webinar, highlighting the use of AI and blockchain for governance.
India's Economy to Grow 7.6% in 2025-26, Manufacturing Boosts
India's economy is projected to expand at 7.6% in 2025-26, driven by robust manufacturing and services sectors, as revised data with a new base year highlights resilience amid global uncertainties.
Nobel Economist Urges 'Test, Prove, Scale' for Innovation
Nobel-winning economist emphasizes the 'test it, prove it, scale it' approach to foster innovation in India, highlighting its role in economic growth and global competitiveness.
UP Food Grain Production Rises 2 Lakh Tonnes, Bundelkhand Changes
Agriculture Minister Surya Pratap Shahi announces a 2 lakh metric tonne increase in food grain production in Uttar Pradesh, crediting schemes and efforts. At a farmers' fair, awards were given and water conservation was emphasized.
Koyambedu Vegetable Glut: Wholesale Prices Plunge, Retail Lags
Koyambedu wholesale market in Chennai sees a 50% surge in vegetable arrivals, driving prices below 30/kg, yet retail outlets maintain higher rates up to 70/kg, frustrating consumers.
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India's Economic Growth: A Positive Outlook Amid Challenges
India's economy shows resilience with strong growth indicators, driven by domestic demand and policy reforms, despite global economic headwinds.
India's FDI Jumps 18% to $47.87 Billion, US Inflows Nearly Double
Foreign direct investment into India increased 18% year-on-year to $47.87 billion during April-December 2025-26, with US inflows nearly doubling. Singapore remains top source, while Maharashtra leads among states.
New GDP Series to Make India's Growth Data More Robust
The Ministry of Statistics and Programme Implementation announces a new GDP series aimed at improving data accuracy and robustness for India's economic growth measurements.
India's GDP Growth Forecast Revised Upward to 7.6% for FY26
India's economic outlook brightens as the new GDP series upgrades the growth projection for fiscal year 2026 to 7.6%, reflecting robust economic momentum and policy effectiveness.
India GDP Growth Revised Upward to 7.6% in FY26
India's GDP growth projections for FY26 have been revised upward to 7.6%, with Q3 growth at 7.8%, according to new series data from MoSPI, surpassing earlier estimates.
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Base Year Revision Boosts Policy and Data Accuracy: Garg
Statistics Secretary Saurabh Garg highlights the revision of the base year for economic indices as a key step to improve policy formulation and data accuracy, supporting better governance and economic planning in India.
Nobel Economist Kremer: India Must Embrace Experimentation
Nobel Prize-winning economist Michael Kremer advises India to move beyond intuition-based governance and adopt rigorous experimentation for effective economic and social policies.
India's Economy Grows 7.8% in Q3 FY26 Amid New GDP Series
India's GDP growth hits 7.8% in Q3 FY26, retaining its status as the world's fastest-growing major economy. The new GDP series with a revised base year and methodological improvements aims for greater accuracy and global alignment.
Base Year Switch Boosts India's 2025-26 GDP Estimate to 7.6%
India's GDP growth projection for 2025-26 has been revised upward to 7.6%, driven by a statistical base year change that better reflects the modern economy's structure and performance.
India Q3 GDP Growth Hits 7.8% After Data Revamp
India's GDP growth for October-December quarter is estimated at 7.8% following statistical revisions, with full-year growth projected at 7.6% for fiscal year ending March.
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India's Forex Reserves Fall by $2.119 Billion to $723.608 Billion
India's foreign exchange reserves decreased by $2.119 billion to $723.608 billion as of February 27, 2026, reflecting currency valuation effects from non-US units like the euro and yen.
India's Fiscal Deficit at Rs 9.8 Lakh Crore in Jan, Improves
India's fiscal deficit reached Rs 9.8 lakh crore by January 2025, 63% of the annual target, lower than 74.5% a year ago, indicating better fiscal health.
India's Forex Reserves Fall $2.1 Billion After Record High
India's foreign exchange reserves dropped by $2.119 billion to $723.608 billion for the week ended February 20, reversing a sharp rise, with declines in gold and foreign currency assets, as per RBI data.
India's Economy Grows 7.8% in Q3, Aims for Top 3 Global Spot
India's GDP grew at 7.8% in Q3 FY 2025-26, maintaining its status as the world's fastest-growing major economy. Chief Economic Advisor V. Anantha Nageswaran projects above 7% growth, with India set to become a top-three economy by the decade's end.
Rupee Falls 8 Paise to 90.99 Against US Dollar
The Indian rupee weakened by 8 paise to close at 90.99 against the US dollar, influenced by global market trends and domestic economic factors.
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India Q3 FY26 GDP Grows 7.8% Under New Base Year
India's real GDP expanded by 7.8% in Q3 FY 2025-26, as per MoSPI's revised data using a 2022-23 base year. Full-year growth is projected at 7.6%, with manufacturing and services sectors driving resilience.
India's Economy Grows 7.8% in Q3 FY26 Under New GDP Series
India's economy recorded robust growth of 7.8% in the third quarter of FY26, according to the new GDP series. This expansion highlights strong performance across key sectors.
India Q3 GDP Growth Revised to 7.8% After Data Revamp
India's GDP growth for October-December quarter has been estimated at 7.8% following a comprehensive data methodology overhaul. The National Statistics Office projects 7.6% growth for the full fiscal year ending March.
Gold Prices Steady with Mixed Retail Trends in India
Gold prices traded in a narrow band on Friday, with domestic futures showing mild gains while retail markets displayed mixed trends across major Indian cities. The April 2026 MCX contract rose 0.37% to Rs 1,60,298 per 10 grams.
Crude Oil May Hit $110/Barrel on Iran Supply Disruption Fears
A new report warns that crude oil prices could spike to $110 per barrel if Iran's oil supply or the Strait of Hormuz face disruptions, impacting global markets and economies.
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India Q3 FY26 GDP Data: New Series with 2022-23 Base Year Released
India's GDP data for Q3 FY 2025-26 is released today under a new series with a 2022-23 base year, aiming for improved accuracy and potentially indicating India's rise to the world's fourth-largest economy.
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