In a bid to fortify its economic reporting, India is rolling out a revised GDP framework with periodic base year revisions—a clear nod to proactive policymaking in the face of worldwide shocks and expanding global value chain participation, according to economists speaking Friday.
‘National accounts will gain immensely in reliability and usefulness for analysis,’ asserted PHDCCI Chairman Rajiv Juneja. The fresh approach integrates diverse inputs like GST data, corporate financials, transport metrics, and e-governance sources, offering a nuanced view of sectoral dynamics to guide policy, business strategies, and investment flows.
Juneja elaborated that this broad data integration will refine estimates of output, spending, capital formation, and regional inputs, equipping India to tackle upcoming growth challenges head-on.
PHDCCI CEO Dr. Ranjit Mehta underscored the appeal to overseas investors: ‘Institutional and retail players alike will appreciate these globally benchmarked figures, fueling momentum in private investment-driven expansion.’
ICRA’s Chief Economist Aditi Nair shared upbeat indicators: Q3 FY2026 saw manufacturing GVA surge in double digits for five consecutive quarters, with services GVA hitting 9.5%—its best in seven quarters, up from 9.3%. She forecasted, ‘Amid rising base-led CPI inflation prospects, a prolonged pause in policy rate adjustments looks likely.’
As economies worldwide grapple with volatility, India’s statistical upgrade underscores resilience and foresight. This isn’t just about numbers; it’s about building trust that attracts capital and sustains high growth trajectories into the future.