India GDP Growth: A good news is coming out regarding GDP. The country’s economy has got support due to increased demand during the festive season in the country and the effect of GST cut in some sectors. India’s GDP growth has been recorded at 7.8 percent in the December quarter.
Which was more than the earlier estimate of 7.4 percent. During this period, along with the revision in economic data, there has also been a strengthening in production activities. Due to which the country’s economy has become stronger. Let us understand about this…
What do the figures say?
According to the latest data, GDP growth in the same quarter a year ago was 6.2 percent. Whereas in the previous quarter it was recorded at 8.2 percent. In this way, there has been a slight slowdown compared to the previous quarter, but on an annual basis the growth rate looks better.
The special thing is that the government has now released these updated GDP figures considering 2022-23 as the new base year instead of 2011-12. The Ministry of Statistics and Program Implementation has given new data on the basis of changed base year.
Other important figures of GDP
The fiscal deficit of the country has been recorded at Rs 9.81 lakh crore by January 2026. Whereas the total expenditure of the government in the first nine months of the financial year 2026 (9M FY26) has been Rs 36.9 lakh crore. Whereas during the same period the total government receipts have reached Rs 27.1 lakh crore.
What is base year?
Annual and quarterly figures of national income have been released on the basis of the new National Income Series. In which the government has chosen 2022-23 as the new base year instead of the old series of 2011-12. Base year is the period for which future economic growth is compared by considering the price and production level of goods as the basis.
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