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
Correct answer
Explanation
The correct answer is that the new base year is 2022-23. 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. Option B reverses the direction of the change, because real GDP growth was revised upwards for all three earlier years. Option C is wrong for the same reason of fact: the Output Producer Price Index is one of the new indices brought in, not one removed. Option D misplaces a number that does appear in the release; 7.1 per cent was the earlier estimate for 2024-25, which was itself revised to 7.2 per cent, while the estimate for 2025-26 moved up from 7.7 to 7.8 per cent. The revisions matter because they show the strong quarter sitting on an already stronger path.
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 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
Show answer
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.
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 →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 →