Provisional Estimates of Annual GDP for 2025-26 and Q4 Estimates released; Real GDP grows 7.7%

📌 Summary:

• MoSPI released Provisional Estimates (PE) of GDP for FY2025-26 and Quarterly Estimates for Q4 (Jan–Mar), at constant (base 2022-23) and current prices
• Real GDP growth for FY2025-26 estimated at 7.7% (vs 7.1% in 2024-25); Real GDP level ₹323.12 lakh crore
• Q4 FY2025-26 Real GDP grew 7.8%
• Nominal GDP grew 8.9% to ₹346.36 lakh crore
• Real GVA grew 7.9% (vs 7.3%); Nominal GVA grew 9.1% to ₹314.87 lakh crore
• Annual estimates revised upward from the Second Advance Estimates after incorporating Q4 data

🎯 UPSC Relevance: GS3 Indian Economy — national income accounting, growth measurement, GDP vs GVA distinction

📝 Prelims Facts:

• New GDP series base year: 2022-23 (released 27 Feb 2026)
• FY2025-26 Real GDP growth: 7.7%; Q4 growth: 7.8%; Nominal GDP growth: 8.9%
• Released by MoSPI (National Statistical Office)

🔑 Key Term: GVA (Gross Value Added) — value added at each production stage; GDP = GVA + (product taxes − product subsidies)