Real GDP Growth
Latest reading: 7.8 % y-o-y for Q1 FY2026-27 (+0.9 pp vs year-ago quarter).
Real GDP Growth
Year-on-year growth in real gross domestic product at constant 2022-23 prices. The headline measure of aggregate economic output.
What it means
Year-on-year growth in real gross domestic product at constant 2022-23 prices. The headline measure of aggregate economic output.
previous_value is the year-ago quarter growth rate (Q1 FY2025-26 = 6.9%), the economically appropriate comparison for a YoY growth series, not the sequential quarter. Real GVA +8.2%, nominal GDP +10.3%, real GDP Rs 81.36 lakh crore. Beat RBI's 7.0% projection.
Release details
- Category
- REAL ECONOMY
- Frequency
- QUARTERLY
- Previous
- 6.9
- Benchmark
- RBI Q1 FY27 projection: 7.0%
- Released
- 2026-08-31
- Next release
- Expected: 2026-11-30
- Source
- MoSPI/NSO — Quarterly GDP Estimates
Key questions about Real GDP Growth
What is the difference between real and nominal GDP growth?
Nominal GDP growth measures output at current market prices, so it includes the effect of inflation. Real GDP growth adjusts for price changes using a base year, showing the actual increase in goods and services produced. India's headline growth number quoted in policy discussions is real GDP growth.
When is India's GDP data released?
MoSPI releases quarterly GDP estimates roughly two months after each quarter ends — typically on the last working day of February, May, August and November. Annual provisional estimates come in May, followed by revised estimates in the subsequent years as more complete data becomes available.
What is the difference between GDP and GVA?
Gross Value Added (GVA) measures output from the supply side, sector by sector, before taxes and subsidies. GDP adds product taxes and subtracts product subsidies to GVA, giving a demand-side measure at market prices. A wide gap between the two usually signals a change in indirect tax collections or subsidy spending.
What is the current Real GDP Growth?
Real GDP Growth stands at 7.8 % y-o-y for Q1 FY2026-27, against 6.9 % y-o-y previously (+0.9 pp vs year-ago quarter). Year-on-year growth in real gross domestic product at constant 2022-23 prices. The headline measure of aggregate economic output.
Who publishes the Real GDP Growth data?
Real GDP Growth is published by MoSPI/NSO — Quarterly GDP Estimates on a quarterly basis. Release window: Last working day of the second month after quarter end. The next update is expected on Expected: 2026-11-30.
What is a healthy level for Real GDP Growth?
The reference benchmark used on MacroNest is: RBI Q1 FY27 projection: 7.0%. The latest reading of 7.8 % y-o-y is currently assessed as "Strong, above RBI projection".
Why does Real GDP Growth matter?
Real economy indicators measure actual output and activity, giving the clearest read on whether growth momentum is building or fading. Year-on-year growth in real gross domestic product at constant 2022-23 prices. The headline measure of aggregate economic output.