Real GDP growth pegged at 7.6 Percent as new base year and data improvement take effect: PHDCCI

Feb 27: New estimates of Real GDP at INR 322.58 lakh crore in the FY 2025-26, against the First Revised Estimate (FRE) of GDP for the year 2024-25 of INR 299.89 lakh crore pegs GDP growth rate at 7.6% as compared to 7.1 % in FRE 2024-25. Further, nominal GDP is estimated at ₹345.47 lakh crore in the year 2025-26, against ₹318.07 lakh crore in 2024-25, showing a growth rate of 8.6% said Mr. Rajeev Juneja, President, PHDCCI.

Real GVA at INR 294.40 lakh crore in the year 2025-26, against ₹273.36 lakh crore in FY 2024-25, registers a growth rate of 7.7% as compared to 7.3% in 2024-25, he added.

As India moves towards deeper integration in the global value chains, base year updates at regular intervals, current after every five years, reflects government’s commitment to data-driven policy intervention to shocks in the global economy, he said.

The revised GDP framework will enhance the credibility and analytical usefulness of India’s national accounts statistics. The updated methodology is expected to provide policymakers, businesses, and investors with a more accurate picture of economic activity across sectors, he added.

New series integrates multiple data sources such as GST statistics, financial results of listed companies, transport indicators, and digital administrative sources. This broader data coverage is expected to strengthen measurement of economic output, consumption, investment, and sectoral contributions, and prepare India for the next phase of growth trajectory, he said.

Given the revised statistical framework and the evolving economic landscape, PHDCCI suggests the following policy priorities to sustain high growth momentum in the coming years:

1. Accelerate implementation of industrial policies and PLI incentive initiatives to deepen domestic manufacturing capabilities, particularly in high-value and growth sectors such as electronics, engineering goods, chemicals, and renewable energy equipment.
2. Facilitate faster project clearances, enhance access to long-term finance, and further improve ease of doing business.
3. Further, expanding infrastructure investments in transport, energy, and logistics networks to reduce logistics costs and improve supply chain efficiency.
4. Expand credit access, technology adoption programs, and export facilitation measures to enable MSMEs to integrate into global value chains.

Improved statistical measurement will support data-driven and evidence-based policymaking and facilitate better economic planning. Foreign investors, both institutional and non-institutional, that are keen to invest in India’s growth story, will see this as reliable and internationally comparable data, which augurs well for increasing India’s private capex-driven growth momentum said Dr. Ranjeet Mehta, CEO & SG, PHDCCI.