India's Gross Domestic Product (GDP) grew at 7.8 per cent year-on-year in the third quarter ended December 31, 2025, according to official data based on new GDP series released on Friday.
The GDP data released by the Ministry of Statistics and Program Implementation (MoSPI) is based on the new series of national accounts in which 2022-23 is the base year. This replaces the previous series with the base year 2011-12.
The new series pegs the GDP to grow at 7.6 per cent in the current fiscal compared to 7.4 per cent in the advance estimates by the ministry in January.
Going by the new series, the growth rate for the Q2 period from July to September has been revised from 8.2 per cent to 8.4 per cent while the growth rate for the Q1 period from April to June was tweaked from 7.8 per cent to 6.7 per cent.
New GDP series explained
The new GDP series will include GST data, e-Vahan registration, and even information on household services by domestics helps, drivers etc in a bid to make the economic data more accurate.
The base year of the national accounts is usually revised every five year. However, GST implementation and Covid pandemic delayed the process.
Another change in the new GDP series is the double deflation applied in sectors like agriculture and manufacturing, in order ot improve the reliability of GDP deflators.