Which body publishes India's quarterly GDP estimates referred to here?
- A.NITI Aayog
- B.Ministry of Statistics and Programme Implementation
- C.Reserve Bank of India
- D.Department of Economic Affairs
Correct answer
Explanation
The correct answer is the Ministry of Statistics and Programme Implementation, usually shortened to MoSPI. Every table in the release, whether the expenditure components, the sector-wise Gross Value Added or the revised annual estimates, is sourced to that ministry. MoSPI also carried out the upward revision of real GDP growth for the three earlier years and moved the estimates to new price and production indices with base year 2022-23, among them an Output Producer Price Index and a Banking Services Price Index. Option C is wrong but close to the fact: the Reserve Bank of India had projected 7.0 per cent growth for this quarter, a forecast rather than the estimate itself, and the actual outcome was higher. NITI Aayog and the Department of Economic Affairs are not named in the release as the source of these national accounts figures at all.
Read the full article: India's GDP Grows 7.8% in Q1 of 2026-27, Best in Four Years
Practice Questions
What was India's real GDP growth in the first quarter of 2026-27?
- A.6.9 per cent
- B.7.0 per cent
- C.7.8 per cent
- D.8.2 per cent
Show answer
Real GDP, that is GDP at constant prices, is estimated at ₹81.36 lakh crore for the first quarter of 2026-27, and that level represents growth of 7.8 per cent.
Read the full explanation →Which expenditure component of real GDP recorded 11.9 per cent growth in the quarter?
- A.Private Final Consumption Expenditure
- B.Gross Fixed Capital Formation
- C.Government Final Consumption Expenditure
- D.Imports of goods and services
Show answer
It grew 11.9 per cent in the first quarter of 2026-27 against 5.8 per cent in the same quarter of the previous year, and that jump is the sharpest change among the expenditure components listed.
Read the full explanation →Which statement about the revised national accounts estimates is correct?
- A.The new base year for price and production indices is 2022-23
- B.Growth for the three previous years was revised downwards
- C.The revision dropped the Output Producer Price Index
- D.Real GDP growth for 2025-26 was revised to 7.1 per cent
Show answer
The annual revised estimates use new price and production indices on that base, including an Output Producer Price Index and a Banking Services Price Index, along with updated administrative data drawn from several sources.
Read the full explanation →What was the theme of the 14th India Chem 2026 held in Mumbai?
- A.Advantage Bharat: An Emerging Global Chemicals Hub
- B.Chemicals for a Viksit Bharat
- C.Green Chemistry, Green Growth
- D.Make in India, Mix in India
Show answer
The 14th edition of India Chem was organised in Mumbai from 22 to 24 October 2026 as a three-day event aimed at drawing investment and promoting sustainable growth in chemicals and petrochemicals.
Read the full explanation →Which of the following is NOT one of India's three operational Petroleum, Chemicals and Petrochemicals Investment Regions?
- A.Dahej in Gujarat
- B.Paradeep in Odisha
- C.Visakhapatnam-Kakinada in Andhra Pradesh
- D.Haldia in West Bengal
Show answer
India has three operational PCPIRs: Dahej in Gujarat, Visakhapatnam-Kakinada in Andhra Pradesh and Paradeep in Odisha. Haldia is not among them, so option D is the exception.
Read the full explanation →