Understand the income approach to GDP, where total expenditures equal the income from goods and services in an economy.

India rebases GDP to 2022–23 with methodological upgrades including double deflation and improved informal sector data.

India will shift GDP base year to FY23 and adopt price deflators and double deflation to improve accuracy, reflect structural shifts, and align national accounts with global standards ...

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 ...

India's GDP is estimated to grow at 7.6 percent in FY26, up from 7.1 percent in FY25 and 7.2 percent in FY24, according to the second advanced estimates under the new series. GDP moderated in Q3FY26 ...

SBICAPS Research puts the FY27 pressure in starker terms. Assuming 10% nominal growth and a similar absolute fiscal deficit of ₹16.95 trillion, the deficit could overshoot its FY27 target by 25 basis ...