Revised GDP Shows 7% Plus Growth for Three Years, Signalling Strong Economy

• Revised GDP series indicates three consecutive years of over 7% growth, highlighting underlying economic strength.
• New series brightens FY26 GDP growth to 7.6% real and 8.6% nominal, up from previous estimates.
• Key changes include broader data collection (GST, ASUSE, PLFS, VAHAN), base year revision to 2022-23, and double deflation for manufacturing.
• These revisions provide a more realistic economic picture, aiding policymakers in decision-making.
• Shift from consumption to investment, decline in nominal GDP absolute value, and potential rise in debt-to-GDP ratio are notable changes.