India’s economy expanded 7.8 percent in the October–December 2025 quarter under the new national income series released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday. The growth rate compares with 7.4 percent recorded in the corresponding period of the previous year.
MoSPI stated that the new national income series is based on the base year 2022-23, replacing the earlier base year of 2011-12. Under the revised methodology, the assessment of gross domestic product incorporates Goods and Services Tax (GST) data, electric vehicles, and domestic services provided by cooks, drivers and household helpers.
The ministry said the updated framework enables a more comprehensive assessment of economic activity and aligns historical data with the new structural framework.
For the July–September 2025-26 quarter, growth has been revised to 8.4 percent from 8.2 percent under the new series. The April–June quarter growth rate has been revised downward to 6.7 percent from 7.8 percent, reflecting changes in calculation methodology and the updated base year structure.
MoSPI also released its estimate for overall economic growth in the financial year 2025-26, projecting expansion of 7.6 percent for the full year. The earlier estimate was 7.4 percent. The annual estimate incorporates activity across sectors including construction, services, industry and agriculture.
The base year of 2022-23 has been adopted to reflect changes in the economic structure and to incorporate new services and industries into the national accounts framework. Under the revised series, estimates of income, production and expenditure include the contribution of digital transactions, electric vehicles and domestic services, along with the impact of GST and other indirect taxes.
