India's GDP Base Revision Cuts Q1 FY26 Nominal Figure by Rs 6 Lakh Crore
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·1 viewsIndia's latest GDP data showing 7.8% growth has triggered a debate among economists over a significant statistical revision. The controversy centres on Q1 FY26 GDP at current prices, where the nominal figure has been sharply revised downward. Under the older 2011-12 base series, the estimate stood at Rs 86.05 lakh crore, but the new series places it at Rs 80 lakh crore. This Rs 6 lakh crore difference in the base figure has raised questions about the reliability and comparability of India's national accounts data.
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