India, June 5 -- The Government of India has issued a release:
I
Annual GDP Estimates and Growth Rates
II
Quarterly GDP Estimates and Growth Rates
III
Methodology and Major Data Sources
IV
Statements:
Annexure
Sectoral Composition of Nominal GVA in FY 2025-26
Sectoral Composition of Nominal GVA in Q4 of FY 2025-26
Indicators
FY 2025-26
Q4
Annual
Total Food Grain Production
9.6
5.3
Cereals
10.5
5.2
Rice
10.7
2.6
Wheat
7.2
2.3
Cement Production Index
8.2
8.7
Finished Steel Consumption
10.4
8.0
Natural Gas Consumption
-2.8
-3.0
Sales of Commercial Vehicles
19.0
12.6
Sales of Three Wheelers
26.7
12.8
Cargo Handled at Major Ports
4.3
7.0
Cargo Handled at Minor Ports
-1.0
1.4
Air Passenger Traffic and Cargo handled (Scheduled Domestic Service)
3.7
3.7
Air Passenger Traffic and Cargo handled (Scheduled International Service)
11.1
9.7
Railway Net Tonne Km
1.9
1.4
Railway Passenger Km.
4.5
5.3
Central Goods and Services Tax (CGST)
9.0
6.4
Custom Duty
9.5
13.5
Union Excise
21.7
13.9
Fertilizer Subsidy (Urea + Nutrient based Fertilizer)
44.2
21.7
Household Vehicle Registration
28.7
17.4
Passenger Transport Vehicle Registration
19.8
14.7
Goods Transport Vehicles Registration
27.0
18.3
Export of Goods and Services
8.3
9.3
Import of Goods and Services
16.2
11.1
Import of Transport Goods
-1.9
6.0
Import of Machinery Equipment
24.9
19.3
WPI Food Grains
-3.1
-2.5
WPI Crude Petroleum and Natural Gas
8.3
-5.1
WPI Manufactured Products
3.0
2.3
The Ministry of Statistics and Programme Implementation (MoSPI) is releasing in this Press Note, the Provisional Estimates (PE) of Annual Gross Domestic Product (GDP) for the Financial Year (2025-26) and Quarterly Estimates of GDP for the Fourth Quarter (Q4, January-March) of FY 2025-26 along with its Expenditure components both at Constant (2022-23) and Current prices. The Ministry has released the New Series of Annual and Quarterly GDP estimates with base year 2022-23 on 27th February, 2026. In that release, the Quarterly GDP estimates and other aggregates were published from Q1 (April-June) of 2022-23 to Q3 (October-December) of FY 2025-26. Consequently, the Second Advance Estimates released on February, 2026 was based on information available for the FY 2025-26 upto Q3. Now, on account of information received for the Q4 of FY 2025-26, the Annual Estimates for the FY 2025-26 have been revised and being released in this press note. The press release is structured as follows.
KEY HIGHLIGHTS
I. Annual GDP Estimates and Growth Rates
Real GDP or GDP at Constant Prices is estimated to attain a level of Rs.323.12 lakh crore in the FY 2025-26, against the First Revised Estimate (FRE) of GDP for the year 2024-25 of Rs.299.89 lakh crore. The growth rate in Real GDP during 2025-26 is estimated at 7.7% as compared to 7.1 % in 2024-25. Nominal GDP or GDP at Current Prices is estimated to attain a level of Rs.346.36 lakh crore in the year 2025-26, against Rs.318.07 lakh crore in 2024-25, showing a growth rate of 8.9%.
Real GVA is estimated at Rs.294.91 lakh crore in the year 2025-26, against Rs.273.36 lakh crore in FY 2024-25, registering a growth rate of 7.9% as compared to 7.3% growth rate in 2024-25. Nominal GVA is estimated to attain a level of Rs.314.87 lakh crore during FY 2025-26, against Rs.288.54 lakh crore in 2024-25, showing a growth rate of 9.1%.
Fig. 2: Sectoral Composition and Growth Rates of Annual GVA
*Public Administration, Defence & Other Services category includes the Other Services sector i.e. Education, Health, Recreation, and other personal services
Fig. 3: Composition and Growth Rates of Annual GVA in Broad Sectors
[Primary Sector: Agriculture, Livestock, Forestry & Fishing and Mining & Quarrying
Secondary Sector: Manufacturing; Electricity, Gas, Water supply & Other Utility Services and Construction
Tertiary Sector: Trade, Hotels, Transport, Communication and Services related to Broadcasting, Storage; Financial, Real Estate, IT, & Professional Services, Ownership of Dwelling and Public Administration, Defence & Other Services]
II. Quarterly Estimates and Growth Rates
Real GDP or GDP at Constant Prices in Q4 of FY 2025-26 is estimated at Rs.87.77 lakh crore, against Rs.81.40 lakh crore in Q4 of FY 2024-25, showing a growth rate of 7.8%. Nominal GDP or GDP at Current Prices in Q4 of FY 2025-26 is estimated at Rs.94.65 lakh crore, against Rs.86.75 lakh crore in Q4 of FY 2024-25, showing a growth rate of 9.1%.
Real GVA in Q4 of FY 2025-26 is estimated at Rs.80.18 lakh crore, against Rs.74.32 lakh crore in Q4 of FY 2024-25, showing a growth rate of 7.9%. Nominal GVA in Q4 of FY 2025-26 is estimated at Rs.86.46 lakh crore, against Rs.78.68 lakh crore in Q4 of FY 2024-25, showing a growth rate of 9.9%.
Fig. 4: Quarterly GDP and GVA Estimates along with Y-o-Y Growth Rates at Constant Prices
Fig. 5: Sectoral Composition and Growth Rates of Quarterly GVA
*Public Administration, Defence & Other Services category includes the Other Services sector i.e. Education, Health, Recreation, and other personal services
Fig. 6: Composition and Growth Rates of Quarterly GVA in Broad Sectors
[Primary Sector: Agriculture, Livestock, Forestry & Fishing and Mining & Quarrying
Secondary Sector: Manufacturing; Electricity, Gas, Water supply & Other Utility Services and Construction
Tertiary Sector: Trade, Hotels, Transport, Communication and Services related to Broadcasting, Storage; Financial, Real Estate, IT, & Professional Services, Ownership of Dwelling and Public Administration, Defence & Other Services]
III. Methodology and Major Data Sources:
The compilation of Provisional Estimates (PE) of Annual GDP and Quarterly Estimates of GDP is based on Benchmark-Indicator methodology in which the estimates computed for the previous financial year are extrapolated using the relevant indicators reflecting the performance of various economic and institutional sectors. The Second Advance Estimate (SAE) of the Annual GDP for the FY 2025-26 released on 27th February, 2026 has mostly incorporated the information available upto Q3 of FY 2025-26. Subsequently, Sector-wise as well as Expenditure-side information have now been available for the Q4 of FY 2025-26 including the updated information on indicators for the previous quarters. Therefore, Provisional Estimates of GDP have been compiled based on aggregating all the quarterly estimates. The major indicators along with price indices used for the compilation of GDP are listed as follows,
Production-side Indicators and Price Indices:
Expenditure-side Indicators and Price Indices:
The estimates of Quarterly GDP as per base year 2022-23 majorly follow the guidelines, standards as mentioned in Quarterly National Accounts Manual of International Monetary Fund (IMF), 2017. A brief of Revised Methodology, Data Sources, and Deflation strategy in the new series of quarterly GDP estimates with base year 2022-23 has been provided in the Press Note released on February, 2026. The Methodology and data sources used in the compilation will be presented comprehensively in the publication 'Sources and Methods' scheduled for its release by August, 2026.
The Annual and Quarterly National Accounts estimates will incorporate the revised IIP and WPI/PPI series with base year 2022-23, and the updated estimates will be released at the time of next press release of Quarterly GDP estimates for the First Quarter (April-June) of FY 2026-27 (Q1, 2026-27) scheduled on 31st August 2026.
IV. Statements
Annexure
Year-on-Year Growth Rate (%) in Indicators
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Disclaimer: Curated by HT Syndication.
