Changes in GDP calculation methodology reinforce India’s robust growth narrative. The one worry is white-collar job loss, like in IT, and its impact on consumption
India’s growth held up well in the middle of heightened global uncertainties last year, and now – with govt changing the base year for calculating GDP growth from 2011-12 to 2022-23 on Friday – the numbers are looking even better. GDP grew by 7.8% in Q3 FY26, following high growth of 8.4% in Q2. Moreover, GDP growth for the full year, per second advance estimates, has been revised upwards to 7.6%, from 7.4% in the first advance estimates.