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The Ministry of Statistics and Programme Implementation released National Accounts Statistics 2026 on 31 August 2026.
The publication carries 60 statements, with updated Final Estimates for FY 2022-23 and FY 2023-24, First Revised Estimates for FY 2024-25 and revised macro indicators for FY 2025-26.
Real GDP growth was revised up for FY 2023-24 (7.2% to 7.3%), FY 2024-25 (7.1% to 7.2%) and FY 2025-26 (7.7% to 7.8%).
Nominal GDP growth was revised down for FY 2024-25 (9.7% to 9.4%) and FY 2025-26 (8.9% to 8.6%), and marginally up for FY 2023-24 (11.0% to 11.1%).
The estimates use the 2022-23 base-year series introduced on 27 February 2026 in place of the 2011-12 base.
| Financial year | Real GDP growth (earlier to revised) | Nominal GDP growth (earlier to revised) |
|---|---|---|
| FY 2023-24 | 7.2% to 7.3% | 11.0% to 11.1% |
| FY 2024-25 | 7.1% to 7.2% | 9.7% to 9.4% |
| FY 2025-26 | 7.7% to 7.8% | 8.9% to 8.6% |
A financial year's GDP is not measured once. MoSPI first issues Advance Estimates, based on partial-year indicators and projections. These are followed by Provisional Estimates once the year has ended, then First Revised Estimates as fuller administrative and corporate data arrives, and finally Final Estimates when the underlying accounts are complete. Each round replaces indicator-based approximations with actual reported data, which is why a growth rate can shift by a tenth or two of a percentage point years after the event. National Accounts Statistics is the annual publication where that whole revised back-series is put on the record.
Simple Analogy: It is like a company's quarterly guidance, then unaudited results, then audited accounts - the same year, told with progressively better information.
MoSPI separately reported that real GDP grew 7.8% and nominal GDP 10.3% in the April-June 2026 quarter - a quarterly release distinct from this annual publication.
The IIP is a monthly indicator of manufacturing, mining and electricity output, and feeds directly into national accounts estimation.
Because deficit and debt targets are expressed as a share of GDP, a revision to nominal GDP quietly changes every fiscal ratio computed for that year.
GS Paper 3 > Indian Economy > National Income Accounting
General Awareness > Economy and Official Statistics
General Awareness > Economy
A decrease in tax to GDP ratio of a country indicates which of the following? 1. Slowing economic growth rate 2. Less equitable distribution of national income Select the correct answer using the code given below.
Answer: 1 only
In India, which one of the following compiles information on industrial disputes, closures, retrenchments and lay-offs in factories employing workers?
Answer: Labour Bureau
The consumption of fixed capital is also known as:
Answer: Depreciation
What is the full form of 'GDP'?
Answer: Gross Domestic Product
MoSPI's annual publication compiling India's macroeconomic aggregates and the revised back-series
The revision round that follows Provisional Estimates, incorporating fuller administrative and corporate data
A monthly index of output in manufacturing, mining and electricity
A price index used to measure the output of banking services in national accounts