ReportedECONOMY

Govt Issues FAQs Explaining GDP Revision Methodology

Last updated 5 Oct, 19:35 IST

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SOURCEBusiness Standard · The Hindu BusinessLine

WHAT WE KNOW

India's economy grew at 7.8 per cent in the June quarter of FY27, with nominal GDP growing 10.3 per cent, Business Standard and The Hindu BusinessLine reported.¹² The updated GDP series uses 2022-23 as the base year instead of 2011-12, with double deflation adopted for manufacturing, the outlets reported.¹² The Centre said it was incorrect to interpret the revision as a deliberate downward revision of last year's GDP to mechanically increase the current year's growth rate, the outlets reported.¹²

TIMELINE

Undated

A second, independent outlet carries it

Business Standard · Outlet · now Reported

3 Sept
22:16

First reported

The Hindu BusinessLine · Outlet

Full storyline

NOT YET CONFIRMED

Reported in coverage, but we could not match these to a source document. They are not part of the story above.

The Ministry of Statistics lowered the full year GDP for India for FY26 from ₹357 lakh crore to ₹345 lakh crore in February.
India has actually brought down the nominal GDP in the revised estimate for FY26 by about ₹11 lakh crore.
The Centre said the statistical discrepancy between GDP estimates compiled through the production and expenditure approaches is a statistical balancing item.

SOURCES

Business Standard

Outlet · Undated

The Hindu BusinessLine

Outlet · 3 Sept

Cite the source, not this page. Verification states are editorial judgements at a point in time, not certifications.

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