The Ministry of Statistics and Programme Implementation released the National Accounts Statistics 2026 on 31 August 2026. The publication contains 60 statements based on updated Final Estimates for FY 2022–23 and FY 2023–24, First Revised Estimates for FY 2024–25, and revised macroeconomic indicators for FY 2025–26.
National Accounts Statistics
National Accounts Statistics is an official statistical publication of India that compiles macroeconomic aggregates such as Gross Domestic Product, Gross Value Added, and sector-wise estimates. The series is used for national income accounting and for presenting annual and quarterly estimates of the Indian economy.
GDP Revisions in FY 2023–24 to FY 2025–26
The revised estimates in the 2026 publication changed several growth figures. India’s real GDP growth rate for FY 2023–24 was revised from 7.2% to 7.3%, and nominal GDP growth was revised from 11.0% to 11.1%.
For FY 2024–25, the real GDP growth rate was revised from 7.1% to 7.2%, while the nominal GDP growth rate was revised from 9.7% to 9.4%. For FY 2025–26, the real GDP growth rate was revised from 7.7% to 7.8%, while the nominal GDP growth rate was revised from 8.9% to 8.6%.
Base Year and Price Indices
The publication incorporated updated indicators based on the 2022–23 base year. These included the Output Producer Price Index, the Index of Industrial Production, and the Banking Services Price Index. The 2022–23 base-year series was introduced on 27 February 2026 to replace the 2011–12 base year.
Important Facts for Exams
- Gross Domestic Product measures the total value of final goods and services produced within a country during a specific period.
- Real GDP is measured at constant prices, while nominal GDP is measured at current prices.
- The Index of Industrial Production is a monthly indicator of industrial activity in manufacturing, mining, and electricity.
- The Banking Services Price Index is used in measuring the output of banking services in national accounts.
Quarterly Growth Data
MoSPI also announced that India’s real GDP grew by 7.8% in Q1 of FY 2026–27. Nominal GDP grew by 10.3% during the same quarter.
