India’s commitment to refreshing its GDP base year at regular intervals reflects readiness to counter global economic headwinds through evidence-based interventions and stronger global value chain ties, economists noted on Friday.
PHDCCI’s Rajiv Juneja, Chairman, praised the revised framework for elevating the trustworthiness and practical value of national accounts. ‘Expect a clearer picture of economic pulses across sectors for everyone from regulators to investors,’ he said.
Key to the new series is the fusion of GST statistics, listed firms’ outcomes, logistics data, and digital admin streams. Juneja believes this will fortify gauges of production, consumption patterns, investments, and sub-national performances, priming India for accelerated progress.
Dr. Ranjit Mehta, PHDCCI CEO and Advisor, highlighted investor confidence: ‘Foreign players, institutional or otherwise, will embrace these credible, comparable metrics as a booster for India’s capex-propelled growth narrative.’
From ICRA Limited, Chief Economist Aditi Nair reported strong momentum: manufacturing GVA notched double-digit gains for a fifth quarter in Q3 FY2026, while services GVA climbed to 9.5%—a seven-quarter peak from the prior 9.3%. ‘ICRA sees policy rates holding firm given base-effect fueled CPI inflation outlook,’ she observed.
This timely reform arrives as India eyes leadership in emerging markets. By prioritizing data integrity, the nation fosters an environment where decisions are sharp, investments flow freely, and growth stories endure.