India’s GDP growth slows to 7.8% in October-December quarter after base year revision

India’s gross domestic product growth slowed to 7.8% in the October-December quarter of the 2025-’26 financial year, down from 8.4% in the previous quarter, data released by the Centre on Friday showed.

The figures were released alongside the Ministry of Statistics and Programme Implementation revising the base year of national accounts to 2022-’23 from 2011-’12.

The government said that the revision expands data sources and improves estimation methods to better reflect changes in the economy.

The revision follows an assessment by the International Monetary Fund in November. The international financial institution had given India’s national accounts a “C” rating while also flagging the outdated base year.

For the financial year ending in March, the government said that it expects the economy to grow by 7.6%, compared to the 7.4% growth forecast under the old data series, the National Statistics Office said on Friday.

Under the news series, the real gross domestic product is projected at Rs 322.5 lakh crore in 2025-’26, up from Rs 299.8 lakh crore in 2024-’25.

Nominal gross domestic product is estimated to grow by 8.6% in the upcoming financial year.

Real GDP measures the value of goods and services produced in the economy after adjusting for inflation. It shows how much actual output has increased.

Nominal GDP measures the value of goods and services at current...

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