{
 "description": "India's GDP and national accounts from MoSPI, with the Union Budget's GDP assumption and published forecasts.",
 "units": "₹ crore for levels; % for growth rates. 'cur' = current prices (nominal), 'con' = constant prices of the base year (real).",
 "generated_at": "2026-10-30T09:12:22+00:00",
 "series": {
  "2011-12": "Base year 2011-12, released January 2015 and replaced in February 2026. Annual figures at every estimate stage.",
  "2011-12-back": "1950-51 to 2011-12 recomputed on the 2011-12 base by MoSPI (one estimate per year).",
  "2022-23": "Base year 2022-23, released 27 February 2026. MoSPI's API keeps the latest estimate per year only."
 },
 "stages": [
  {
   "id": "AE1",
   "as_printed": "First Advance Estimates",
   "label": "First Advance Estimate",
   "when": "about 1 week after the year's 9th month (early January)"
  },
  {
   "id": "AE2",
   "as_printed": "Second Advance Estimates",
   "label": "Second Advance Estimate",
   "when": "end of February, before the year ends"
  },
  {
   "id": "PE",
   "as_printed": "Provisional Estimates",
   "label": "Provisional Estimate",
   "when": "end of May, 2 months after the year ends"
  },
  {
   "id": "RE1",
   "as_printed": "First Revised Estimates",
   "label": "First Revised Estimate",
   "when": "about 1 year after the year ends"
  },
  {
   "id": "RE2",
   "as_printed": "Second Revised Estimates",
   "label": "Second Revised Estimate",
   "when": "about 2 years after the year ends"
  },
  {
   "id": "RE3",
   "as_printed": "Third Revised Estimates",
   "label": "Third Revised Estimate",
   "when": "about 3 years after the year ends"
  },
  {
   "id": "ADD",
   "as_printed": "Additional Revision",
   "label": "Additional revision",
   "when": "special revision of 2011-12 to 2013-14"
  },
  {
   "id": "FINAL",
   "as_printed": "Final Estimates",
   "label": "Final Estimate",
   "when": "the last revision under MoSPI's current revision policy"
  },
  {
   "id": "BACK",
   "as_printed": "",
   "label": "Back series",
   "when": "recomputed on the 2011-12 base"
  },
  {
   "id": "LATEST",
   "as_printed": "",
   "label": "Latest estimate",
   "when": "quarterly figures: latest estimate only"
  }
 ],
 "indicators": {
  "gva": "Gross value added (GVA)",
  "net_taxes": "Net taxes on products",
  "product_taxes": "Taxes on products",
  "product_subsidies": "Subsidies on products",
  "gdp": "Gross domestic product (GDP)",
  "cfc": "Consumption of fixed capital (depreciation)",
  "ndp": "Net domestic product",
  "gcf_by_industry": "Gross capital formation by industry of use",
  "gfcf": "Gross fixed capital formation (investment in fixed assets)",
  "pfce": "Private final consumption expenditure (household spending)",
  "gfce": "Government final consumption expenditure",
  "stocks": "Change in stocks",
  "valuables": "Valuables",
  "exports": "Exports of goods and services",
  "imports": "Imports of goods and services",
  "primary_income_row": "Primary income receivable, net, from rest of world",
  "gni": "Gross national income",
  "transfers_row": "Other current transfers, net, from rest of world",
  "gndi": "Gross national disposable income",
  "saving": "Gross saving",
  "gva_growth": "GVA growth rate",
  "gdp_growth": "GDP growth rate"
 },
 "industries": {
  "agriculture": "Agriculture, forestry & fishing",
  "mining": "Mining & quarrying",
  "manufacturing": "Manufacturing",
  "utilities": "Electricity, gas, water & utilities",
  "construction": "Construction",
  "trade_transport": "Trade, hotels, transport & communication",
  "trade_hotels": "Trade, repair, hotels & restaurants",
  "transport_comm": "Transport, storage & communication",
  "finance_realestate": "Finance, real estate & professional services",
  "financial": "Financial services",
  "real_estate": "Real estate, dwellings & professional services",
  "public_other": "Public administration, defence & other services",
  "public_admin": "Public administration & defence",
  "other_services": "Other services",
  "total": "Total GVA"
 },
 "broad_industries": [
  "agriculture",
  "mining",
  "manufacturing",
  "utilities",
  "construction",
  "trade_transport",
  "finance_realestate",
  "public_other"
 ],
 "industry_groups": {
  "trade_transport": [
   "trade_hotels",
   "transport_comm"
  ],
  "finance_realestate": [
   "financial",
   "real_estate"
  ],
  "public_other": [
   "public_admin",
   "other_services"
  ]
 },
 "sectors": {
  "public_nonfin": "Public non-financial companies",
  "private_nonfin": "Private non-financial companies",
  "public_fin": "Public financial companies",
  "private_fin": "Private financial companies",
  "government": "Government",
  "households": "Households",
  "total": "Total"
 },
 "data": {
  "2011-12": {
   "annual": {
    "2011-12": {
     "RE2": {
      "gva_by_industry": {
       "total": {
        "cur": 8106656.0,
        "con": 8106656.0
       },
       "agriculture": {
        "cur": 1501816.0,
        "con": 1501816.0
       },
       "construction": {
        "cur": 777363.0,
        "con": 777363.0
       },
       "financial": {
        "cur": 480226.0,
        "con": 480226.0
       },
       "manufacturing": {
        "cur": 1409986.0,
        "con": 1409986.0
       },
       "mining": {
        "cur": 261035.0,
        "con": 261035.0
       },
       "other_services": {
        "cur": 534827.0,
        "con": 534827.0
       },
       "public_admin": {
        "cur": 491155.0,
        "con": 491155.0
       },
       "real_estate": {
        "cur": 1050465.0,
        "con": 1050465.0
       },
       "trade_hotels": {
        "cur": 883582.0,
        "con": 883582.0
       },
       "transport_comm": {
        "cur": 529534.0,
        "con": 529534.0
       },
       "utilities": {
        "cur": 186668.0,
        "con": 186668.0
       },
       "trade_transport": {
        "cur": 1413116.0,
        "con": 1413116.0,
        "summed": true
       },
       "finance_realestate": {
        "cur": 1530691.0,
        "con": 1530691.0,
        "summed": true
       },
       "public_other": {
        "cur": 1025982.0,
        "con": 1025982.0,
        "summed": true
       }
      },
      "gva_sub": {
       "agriculture": {
        "crops": {
         "cur": 982026.0,
         "con": 982026.0
        },
        "fishing_and_aquaculture": {
         "cur": 68027.0,
         "con": 68027.0
        },
        "forestry_and_logging": {
         "cur": 124461.0,
         "con": 124461.0
        },
        "livestock": {
         "cur": 327301.0,
         "con": 327301.0
        }
       },
       "manufacturing": {
        "food_products_beverages_and_tobacco": {
         "cur": 167524.0,
         "con": 167524.0
        },
        "machinery_and_equipment": {
         "cur": 334670.0,
         "con": 334670.0
        },
        "metal_products": {
         "cur": 229627.0,
         "con": 229627.0
        },
        "other_manufactured_goods": {
         "cur": 524927.0,
         "con": 524927.0
        },
        "textiles_apparel_and_leather_products": {
         "cur": 153238.0,
         "con": 153238.0
        }
       },
       "trade_hotels": {
        "hotels__restaurants": {
         "cur": 89901.0,
         "con": 89901.0
        },
        "trade__repair_services": {
         "cur": 793681.0,
         "con": 793681.0
        }
       },
       "transport_comm": {
        "air_transport": {
         "cur": 4393.0,
         "con": 4393.0
        },
        "communication__services_related_to_broadcasting": {
         "cur": 125930.0,
         "con": 125930.0
        },
        "railways": {
         "cur": 61150.0,
         "con": 61150.0
        },
        "road_transport": {
         "cur": 262442.0,
         "con": 262442.0
        },
        "services_incidental_to_transport": {
         "cur": 63602.0,
         "con": 63602.0
        },
        "storage": {
         "cur": 5108.0,
         "con": 5108.0
        },
        "water_transport": {
         "cur": 6910.0,
         "con": 6910.0
        }
       }
      },
      "net_taxes": {
       "cur": 629383.0,
       "con": 629383.0
      },
      "product_taxes": {
       "cur": 890060.0,
       "con": 890060.0
      },
      "product_subsidies": {
       "cur": 260677.0,
       "con": 260677.0
      },
      "gdp": {
       "cur": 8736039.0,
       "con": 8736039.0
      },
      "cfc_by_sector": {
       "government": {
        "cur": 98623.0
       },
       "households": {
        "cur": 326391.0
       },
       "private_fin": {
        "cur": 3620.0
       },
       "private_nonfin": {
        "cur": 354019.0
       },
       "public_fin": {
        "cur": 3207.0
       },
       "public_nonfin": {
        "cur": 131280.0
       }
      },
      "cfc": {
       "cur": 917141.0,
       "con": 917141.0
      },
      "ndp": {
       "cur": 7818898.0,
       "con": 7818898.0
      },
      "gcf_by_industry": {
       "agriculture": {
        "cur": 274432.0,
        "con": 274432.0
       },
       "construction": {
        "cur": 230166.0,
        "con": 230166.0
       },
       "financial": {
        "cur": 42779.0,
        "con": 42779.0
       },
       "manufacturing": {
        "cur": 616553.0,
        "con": 616553.0
       },
       "mining": {
        "cur": 66434.0,
        "con": 66434.0
       },
       "other_services": {
        "cur": 150734.0,
        "con": 150734.0
       },
       "public_admin": {
        "cur": 248030.0,
        "con": 248030.0
       },
       "real_estate": {
        "cur": 815779.0,
        "con": 815779.0
       },
       "total": {
        "cur": 3204473.0,
        "con": 3204473.0
       },
       "trade_hotels": {
        "cur": 192790.0,
        "con": 192790.0
       },
       "transport_comm": {
        "cur": 258643.0,
        "con": 258643.0
       },
       "utilities": {
        "cur": 308132.0,
        "con": 308132.0
       }
      },
      "gfcf_by_sector": {
       "government": {
        "cur": 304303.0,
        "con": 304303.0
       },
       "households": {
        "cur": 1375480.0,
        "con": 1375480.0
       },
       "private_fin": {
        "cur": 22467.0,
        "con": 22467.0
       },
       "private_nonfin": {
        "cur": 958412.0,
        "con": 958412.0
       },
       "public_fin": {
        "cur": 8428.0,
        "con": 8428.0
       },
       "public_nonfin": {
        "cur": 328529.0,
        "con": 328529.0
       }
      },
      "gfcf": {
       "cur": 2997619.0,
       "con": 2997619.0
      },
      "pfce": {
       "cur": 4910447.0,
       "con": 4910447.0
      },
      "gfce": {
       "cur": 968375.0,
       "con": 968375.0
      },
      "stocks": {
       "cur": 206854.0,
       "con": 206854.0
      },
      "valuables": {
       "cur": 253033.0,
       "con": 253033.0
      },
      "exports": {
       "cur": 2143931.0,
       "con": 2143931.0
      },
      "imports": {
       "cur": 2715554.0,
       "con": 2715554.0
      },
      "primary_income_row": {
       "cur": -76824.0,
       "con": -76824.0
      },
      "gni": {
       "cur": 8659215.0,
       "con": 8659215.0
      },
      "transfers_row": {
       "cur": 304902.0
      },
      "gndi": {
       "cur": 8964117.0
      },
      "saving_by_sector": {
       "government": {
        "cur": -158234.0
       },
       "households": {
        "cur": 2065453.0
       },
       "private_fin": {
        "cur": 103440.0
       },
       "private_nonfin": {
        "cur": 723365.0
       },
       "public_fin": {
        "cur": 168931.0
       },
       "public_nonfin": {
        "cur": 123769.0
       }
      },
      "saving": {
       "cur": 3026724.0
      }
     },
     "ADD": {
      "gva_by_industry": {
       "total": {
        "cur": 8106945.0,
        "con": 8106945.0
       },
       "agriculture": {
        "cur": 1501947.0,
        "con": 1501947.0
       },
       "construction": {
        "cur": 777334.0,
        "con": 777334.0
       },
       "financial": {
        "cur": 480226.0,
        "con": 480226.0
       },
       "manufacturing": {
        "cur": 1409985.0,
        "con": 1409985.0
       },
       "mining": {
        "cur": 261035.0,
        "con": 261035.0
       },
       "other_services": {
        "cur": 534826.0,
        "con": 534826.0
       },
       "public_admin": {
        "cur": 491154.0,
        "con": 491154.0
       },
       "real_estate": {
        "cur": 1050651.0,
        "con": 1050651.0
       },
       "trade_hotels": {
        "cur": 883582.0,
        "con": 883582.0
       },
       "transport_comm": {
        "cur": 529533.0,
        "con": 529533.0
       },
       "utilities": {
        "cur": 186668.0,
        "con": 186668.0
       },
       "trade_transport": {
        "cur": 1413115.0,
        "con": 1413115.0,
        "summed": true
       },
       "finance_realestate": {
        "cur": 1530877.0,
        "con": 1530877.0,
        "summed": true
       },
       "public_other": {
        "cur": 1025980.0,
        "con": 1025980.0,
        "summed": true
       }
      },
      "gva_sub": {
       "agriculture": {
        "crops": {
         "cur": 982151.0,
         "con": 982151.0
        },
        "fishing_and_aquaculture": {
         "cur": 68026.0,
         "con": 68026.0
        },
        "forestry_and_logging": {
         "cur": 124436.0,
         "con": 124436.0
        },
        "livestock": {
         "cur": 327333.0,
         "con": 327333.0
        }
       },
       "manufacturing": {
        "food_products_beverages_and_tobacco": {
         "cur": 167524.0,
         "con": 167524.0
        },
        "machinery_and_equipment": {
         "cur": 334669.0,
         "con": 334669.0
        },
        "metal_products": {
         "cur": 229627.0,
         "con": 229627.0
        },
        "other_manufactured_goods": {
         "cur": 524926.0,
         "con": 524926.0
        },
        "textiles_apparel_and_leather_products": {
         "cur": 153237.0,
         "con": 153237.0
        }
       },
       "trade_hotels": {
        "hotels__restaurants": {
         "cur": 89900.0,
         "con": 89900.0
        },
        "trade__repair_services": {
         "cur": 793681.0,
         "con": 793681.0
        }
       },
       "transport_comm": {
        "air_transport": {
         "cur": 4392.0,
         "con": 4392.0
        },
        "communication__services_related_to_broadcasting": {
         "cur": 125929.0,
         "con": 125929.0
        },
        "railways": {
         "cur": 61150.0,
         "con": 61150.0
        },
        "road_transport": {
         "cur": 262441.0,
         "con": 262441.0
        },
        "services_incidental_to_transport": {
         "cur": 63602.0,
         "con": 63602.0
        },
        "storage": {
         "cur": 5107.0,
         "con": 5107.0
        },
        "water_transport": {
         "cur": 6909.0,
         "con": 6909.0
        }
       }
      },
      "net_taxes": {
       "cur": 629382.0,
       "con": 629382.0
      },
      "product_taxes": {
       "cur": 890059.0,
       "con": 890059.0
      },
      "product_subsidies": {
       "cur": 260677.0,
       "con": 260677.0
      },
      "gdp": {
       "cur": 8736328.0,
       "con": 8736328.0
      },
      "cfc_by_sector": {
       "government": {
        "cur": 98622.0
       },
       "households": {
        "cur": 326425.0
       },
       "private_fin": {
        "cur": 3620.0
       },
       "private_nonfin": {
        "cur": 354019.0
       },
       "public_fin": {
        "cur": 3207.0
       },
       "public_nonfin": {
        "cur": 131280.0
       }
      },
      "cfc": {
       "cur": 917174.0,
       "con": 917174.0
      },
      "ndp": {
       "cur": 7819153.0,
       "con": 7819153.0
      },
      "gcf_by_industry": {
       "agriculture": {
        "cur": 273870.0,
        "con": 273870.0
       },
       "construction": {
        "cur": 232478.0,
        "con": 232478.0
       },
       "financial": {
        "cur": 42695.0,
        "con": 42695.0
       },
       "manufacturing": {
        "cur": 615002.0,
        "con": 615002.0
       },
       "mining": {
        "cur": 67084.0,
        "con": 67084.0
       },
       "other_services": {
        "cur": 150547.0,
        "con": 150547.0
       },
       "public_admin": {
        "cur": 248030.0,
        "con": 248030.0
       },
       "real_estate": {
        "cur": 816834.0,
        "con": 816834.0
       },
       "total": {
        "cur": 3205716.0,
        "con": 3205716.0
       },
       "trade_hotels": {
        "cur": 192280.0,
        "con": 192280.0
       },
       "transport_comm": {
        "cur": 258517.0,
        "con": 258517.0
       },
       "utilities": {
        "cur": 308373.0,
        "con": 308373.0
       }
      },
      "gfcf_by_sector": {
       "government": {
        "cur": 304303.0,
        "con": 304303.0
       },
       "households": {
        "cur": 1375593.0,
        "con": 1375593.0
       },
       "private_fin": {
        "cur": 22467.0,
        "con": 22467.0
       },
       "private_nonfin": {
        "cur": 958412.0,
        "con": 958412.0
       },
       "public_fin": {
        "cur": 8428.0,
        "con": 8428.0
       },
       "public_nonfin": {
        "cur": 328528.0,
        "con": 328528.0
       }
      },
      "gfcf": {
       "cur": 2997732.0,
       "con": 2997732.0
      },
      "pfce": {
       "cur": 4910447.0,
       "con": 4910447.0
      },
      "gfce": {
       "cur": 968375.0,
       "con": 968375.0
      },
      "stocks": {
       "cur": 207983.0,
       "con": 207983.0
      },
      "valuables": {
       "cur": 253033.0,
       "con": 253033.0
      },
      "exports": {
       "cur": 2143931.0,
       "con": 2143931.0
      },
      "imports": {
       "cur": 2715554.0,
       "con": 2715554.0
      },
      "primary_income_row": {
       "cur": -76824.0,
       "con": -76824.0
      },
      "gni": {
       "cur": 8659504.0,
       "con": 8659504.0
      },
      "transfers_row": {
       "cur": 304902.0
      },
      "gndi": {
       "cur": 8964406.0
      },
      "saving_by_sector": {
       "government": {
        "cur": -158234.0
       },
       "households": {
        "cur": 2065566.0
       },
       "private_fin": {
        "cur": 103439.0
       },
       "private_nonfin": {
        "cur": 723365.0
       },
       "public_fin": {
        "cur": 168930.0
       },
       "public_nonfin": {
        "cur": 123769.0
       }
      },
      "saving": {
       "cur": 3026836.0
      }
     }
    },
    "2012-13": {
     "RE2": {
      "gva_by_industry": {
       "total": {
        "cur": 9210023.0,
        "con": 8546552.0
       },
       "agriculture": {
        "cur": 1680797.0,
        "con": 1524398.0
       },
       "construction": {
        "cur": 847573.0,
        "con": 782256.0
       },
       "financial": {
        "cur": 536819.0,
        "con": 526156.0
       },
       "manufacturing": {
        "cur": 1573632.0,
        "con": 1495268.0
       },
       "mining": {
        "cur": 285780.0,
        "con": 259683.0
       },
       "other_services": {
        "cur": 617811.0,
        "con": 568734.0
       },
       "public_admin": {
        "cur": 544637.0,
        "con": 499136.0
       },
       "real_estate": {
        "cur": 1243348.0,
        "con": 1149436.0
       },
       "trade_hotels": {
        "cur": 1054598.0,
        "con": 980398.0
       },
       "transport_comm": {
        "cur": 609490.0,
        "con": 569210.0
       },
       "utilities": {
        "cur": 215538.0,
        "con": 191876.0
       },
       "trade_transport": {
        "cur": 1664088.0,
        "con": 1549608.0,
        "summed": true
       },
       "finance_realestate": {
        "cur": 1780167.0,
        "con": 1675592.0,
        "summed": true
       },
       "public_other": {
        "cur": 1162448.0,
        "con": 1067870.0,
        "summed": true
       }
      },
      "gva_sub": {
       "agriculture": {
        "crops": {
         "cur": 1090587.0,
         "con": 983873.0
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   "year": "1983-84",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 225074.0,
    "con": 1723385.0
   },
   "growth": {
    "real": 7.3,
    "nominal": 16.5,
    "published": false
   }
  },
  {
   "year": "1984-85",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 252188.0,
    "con": 1789231.0
   },
   "growth": {
    "real": 3.8,
    "nominal": 12.0,
    "published": false
   }
  },
  {
   "year": "1985-86",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 284534.0,
    "con": 1883243.0
   },
   "growth": {
    "real": 5.3,
    "nominal": 12.8,
    "published": false
   }
  },
  {
   "year": "1986-87",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 318365.0,
    "con": 1973197.0
   },
   "growth": {
    "real": 4.8,
    "nominal": 11.9,
    "published": false
   }
  },
  {
   "year": "1987-88",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 361864.0,
    "con": 2051441.0
   },
   "growth": {
    "real": 4.0,
    "nominal": 13.7,
    "published": false
   }
  },
  {
   "year": "1988-89",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 429362.0,
    "con": 2248950.0
   },
   "growth": {
    "real": 9.6,
    "nominal": 18.7,
    "published": false
   }
  },
  {
   "year": "1989-90",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 493277.0,
    "con": 2382702.0
   },
   "growth": {
    "real": 5.9,
    "nominal": 14.9,
    "published": false
   }
  },
  {
   "year": "1990-91",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 576109.0,
    "con": 2514548.0
   },
   "growth": {
    "real": 5.5,
    "nominal": 16.8,
    "published": false
   }
  },
  {
   "year": "1991-92",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 662260.0,
    "con": 2541123.0
   },
   "growth": {
    "real": 1.1,
    "nominal": 15.0,
    "published": false
   }
  },
  {
   "year": "1992-93",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 761195.0,
    "con": 2680437.0
   },
   "growth": {
    "real": 5.5,
    "nominal": 14.9,
    "published": false
   }
  },
  {
   "year": "1993-94",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 875992.0,
    "con": 2807779.0
   },
   "growth": {
    "real": 4.8,
    "nominal": 15.1,
    "published": false
   }
  },
  {
   "year": "1994-95",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 1027570.0,
    "con": 2994747.0
   },
   "growth": {
    "real": 6.7,
    "nominal": 17.3,
    "published": false
   }
  },
  {
   "year": "1995-96",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 1205582.0,
    "con": 3221583.0
   },
   "growth": {
    "real": 7.6,
    "nominal": 17.3,
    "published": false
   }
  },
  {
   "year": "1996-97",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 1394815.0,
    "con": 3464798.0
   },
   "growth": {
    "real": 7.5,
    "nominal": 15.7,
    "published": false
   }
  },
  {
   "year": "1997-98",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 1545293.0,
    "con": 3605116.0
   },
   "growth": {
    "real": 4.0,
    "nominal": 10.8,
    "published": false
   }
  },
  {
   "year": "1998-99",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 1772297.0,
    "con": 3828071.0
   },
   "growth": {
    "real": 6.2,
    "nominal": 14.7,
    "published": false
   }
  },
  {
   "year": "1999-2000",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 1988261.0,
    "con": 4166693.0
   },
   "growth": {
    "real": 8.8,
    "nominal": 12.2,
    "published": false
   }
  },
  {
   "year": "2000-01",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 2139885.0,
    "con": 4326735.0
   },
   "growth": {
    "real": 3.8,
    "nominal": 7.6,
    "published": false
   }
  },
  {
   "year": "2001-02",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 2315242.0,
    "con": 4535456.0
   },
   "growth": {
    "real": 4.8,
    "nominal": 8.2,
    "published": false
   }
  },
  {
   "year": "2002-03",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 2492613.0,
    "con": 4707983.0
   },
   "growth": {
    "real": 3.8,
    "nominal": 7.7,
    "published": false
   }
  },
  {
   "year": "2003-04",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 2792530.0,
    "con": 5078049.0
   },
   "growth": {
    "real": 7.9,
    "nominal": 12.0,
    "published": false
   }
  },
  {
   "year": "2004-05",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 3186331.0,
    "con": 5480379.0
   },
   "growth": {
    "real": 7.9,
    "nominal": 14.1,
    "published": false
   }
  },
  {
   "year": "2005-06",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 3632124.0,
    "con": 5914614.0
   },
   "growth": {
    "real": 7.9,
    "nominal": 14.0,
    "published": false
   }
  },
  {
   "year": "2006-07",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 4254628.0,
    "con": 6391375.0
   },
   "growth": {
    "real": 8.1,
    "nominal": 17.1,
    "published": false
   }
  },
  {
   "year": "2007-08",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 4898662.0,
    "con": 6881006.0
   },
   "growth": {
    "real": 7.7,
    "nominal": 15.1,
    "published": false
   }
  },
  {
   "year": "2008-09",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 5514152.0,
    "con": 7093402.0
   },
   "growth": {
    "real": 3.1,
    "nominal": 12.6,
    "published": false
   }
  },
  {
   "year": "2009-10",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 6366406.0,
    "con": 7651078.0
   },
   "growth": {
    "real": 7.9,
    "nominal": 15.5,
    "published": false
   }
  },
  {
   "year": "2010-11",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 7634472.0,
    "con": 8301234.0
   },
   "growth": {
    "real": 8.5,
    "nominal": 19.9,
    "published": false
   }
  },
  {
   "year": "2011-12",
   "series": "2011-12-back",
   "stage": "BACK",
   "gdp": {
    "cur": 8736331.0,
    "con": 8736331.0
   },
   "growth": {
    "real": 5.2,
    "nominal": 14.4,
    "published": false
   }
  },
  {
   "year": "2012-13",
   "series": "2011-12",
   "stage": "ADD",
   "gdp": {
    "cur": 9944013.0,
    "con": 9213016.0
   },
   "growth": {
    "real": 5.4,
    "nominal": 13.8,
    "published": true
   }
  },
  {
   "year": "2013-14",
   "series": "2011-12",
   "stage": "ADD",
   "gdp": {
    "cur": 11233521.0,
    "con": 9801369.0
   },
   "growth": {
    "real": 6.3,
    "nominal": 12.9,
    "published": true
   }
  },
  {
   "year": "2014-15",
   "series": "2011-12",
   "stage": "RE3",
   "gdp": {
    "cur": 12467959.0,
    "con": 10527673.0
   },
   "growth": {
    "real": 7.4,
    "nominal": 10.9,
    "published": true
   }
  },
  {
   "year": "2015-16",
   "series": "2011-12",
   "stage": "RE3",
   "gdp": {
    "cur": 13771873.0,
    "con": 11369493.0
   },
   "growth": {
    "real": 7.9,
    "nominal": 10.4,
    "published": true
   }
  },
  {
   "year": "2016-17",
   "series": "2011-12",
   "stage": "RE3",
   "gdp": {
    "cur": 15391669.0,
    "con": 12308193.0
   },
   "growth": {
    "real": 8.3,
    "nominal": 11.8,
    "published": true
   }
  },
  {
   "year": "2017-18",
   "series": "2011-12",
   "stage": "RE3",
   "gdp": {
    "cur": 17090042.0,
    "con": 13144582.0
   },
   "growth": {
    "real": 6.7,
    "nominal": 11.0,
    "published": true
   }
  },
  {
   "year": "2018-19",
   "series": "2011-12",
   "stage": "RE3",
   "gdp": {
    "cur": 18899668.0,
    "con": 13992913.0
   },
   "growth": {
    "real": 6.4,
    "nominal": 10.5,
    "published": true
   }
  },
  {
   "year": "2019-20",
   "series": "2011-12",
   "stage": "RE3",
   "gdp": {
    "cur": 20103592.0,
    "con": 14534640.0
   },
   "growth": {
    "real": 3.8,
    "nominal": 6.3,
    "published": true
   }
  },
  {
   "year": "2020-21",
   "series": "2011-12",
   "stage": "RE3",
   "gdp": {
    "cur": 19854096.0,
    "con": 13694869.0
   },
   "growth": {
    "real": -5.7,
    "nominal": -1.2,
    "published": true
   }
  },
  {
   "year": "2021-22",
   "series": "2011-12",
   "stage": "RE2",
   "gdp": {
    "cur": 23597398.0,
    "con": 15021846.0
   },
   "growth": {
    "real": 9.6,
    "nominal": 18.8,
    "published": true
   }
  },
  {
   "year": "2022-23",
   "series": "2011-12",
   "stage": "FINAL",
   "gdp": {
    "cur": 26890472.0,
    "con": 16164913.0
   },
   "growth": {
    "real": 7.6,
    "nominal": 13.9,
    "published": true
   }
  },
  {
   "year": "2023-24",
   "series": "2011-12",
   "stage": "RE1",
   "gdp": {
    "cur": 30122955.0,
    "con": 17650590.0
   },
   "growth": {
    "real": 9.1,
    "nominal": 12.0,
    "published": true
   }
  },
  {
   "year": "2024-25",
   "series": "2011-12",
   "stage": "PE",
   "gdp": {
    "cur": 33068145.0,
    "con": 18796955.0
   },
   "growth": {
    "real": 6.4,
    "nominal": 9.7,
    "published": true
   }
  },
  {
   "year": "2025-26",
   "series": "2011-12",
   "stage": "AE1",
   "gdp": {
    "cur": 35713886.0,
    "con": 20189918.0
   },
   "growth": {
    "real": 7.4,
    "nominal": 8.0,
    "published": true
   }
  }
 ],
 "budget_assumptions": [
  {
   "budget": "2011-12",
   "gdp_crore": 8980860.0,
   "printed_year": "2011-2012",
   "text": "GDP for BE 2011-2012 has been projected at ` 8980860 crore",
   "url": "https://www.indiabudget.gov.in/budget2011-2012/ub2011-12/bag/bag1.pdf",
   "sha256": "33b364f77269a75635ed14d179178ca99dd0972ad1e893cec7dd9aa3741fa65b",
   "document": "Budget at a Glance 2011-12"
  },
  {
   "budget": "2012-13",
   "gdp_crore": 10159884.0,
   "printed_year": "2012-2013",
   "text": "GDP for BE 2012-2013 has been projected at ` 10159884 crore",
   "url": "https://www.indiabudget.gov.in/budget2012-2013/ub2012-13/bag/bag1.pdf",
   "sha256": "fabf5ecfbcb1927329bfbf8553c43ffcc2b1debaead363186877de0d6a00b00b",
   "document": "Budget at a Glance 2012-13"
  },
  {
   "budget": "2013-14",
   "gdp_crore": 11371886.0,
   "printed_year": "2013-2014",
   "text": "GDP for BE 2013-2014 has been projected at ` 11371886 crore",
   "url": "https://www.indiabudget.gov.in/budget2013-2014/ub2013-14/bag/bag1.pdf",
   "sha256": "83a8f93c10790f06f8a484c108a7c86ad8bc115c4ef2106a92728db4f8d408b2",
   "document": "Budget at a Glance 2013-14"
  },
  {
   "budget": "2014-15",
   "gdp_crore": 12876653.0,
   "printed_year": "2014-2015",
   "text": "GDP for BE 2014-2015 has been projected at `12876653 crore",
   "url": "https://www.indiabudget.gov.in/budget2014-2015/ub2014-15/bag/bag1.pdf",
   "sha256": "1bf97f0fc365041c34e2b3206e4815960ee5c645be22c02ac7fad92c0c0b68df",
   "document": "Budget at a Glance 2014-15"
  },
  {
   "budget": "2015-16",
   "gdp_crore": 14108945.0,
   "printed_year": "2015-2016",
   "text": "GDP for BE 2015-2016 has been projected at `14108945 crore",
   "url": "https://www.indiabudget.gov.in/budget2015-2016/ub2015-16/bag/bag1.pdf",
   "sha256": "aad004d519d555599cbafe3da18af08538f31a8a1e01362b2bb98965f5d88912",
   "document": "Budget at a Glance 2015-16"
  },
  {
   "budget": "2016-17",
   "gdp_crore": 15065010.0,
   "printed_year": "2016-2017",
   "text": "GDP for BE 2016-2017 has been projected at`15065010 crore",
   "url": "https://www.indiabudget.gov.in/budget2016-2017/ub2016-17/bag/bag11.pdf",
   "sha256": "85f2e904fc2d6280cee31d457606d3bf421673600af527f8c8b62662f90041f1",
   "document": "Budget at a Glance 2016-17"
  },
  {
   "budget": "2017-18",
   "gdp_crore": 16847455.0,
   "printed_year": "2017-2018",
   "text": "GDP for BE 2017-2018 has been projected at ` 16847455 crore",
   "url": "https://www.indiabudget.gov.in/budget2017-2018/ub2017-18/bag/bag1.pdf",
   "sha256": "c217dc71043865d2f78d080cc5e875f3569687e23c0008d71ea1df45ee524e67",
   "document": "Budget at a Glance 2017-18"
  },
  {
   "budget": "2018-19",
   "gdp_crore": 18722302.0,
   "printed_year": "2018-2019",
   "growth_pct": 11.5,
   "over": "estimated GDP",
   "base_gdp_crore": 16784679.0,
   "text": "GDP for BE 2018-2019 has been projected at ` 18722302 crore assuming 11.5% growth over the estimated GDP of ` 16784679 crore",
   "url": "https://www.indiabudget.gov.in/budget2018-2019/ub2018-19/bag/bag1.pdf",
   "sha256": "0d3b2c1904cf2c9af52956eb42556a23c1cfce4a8e813cb42839e58397249a91",
   "document": "Budget at a Glance 2018-19"
  },
  {
   "budget": "2019-20",
   "gdp_crore": 21100607.0,
   "printed_year": "2019-2020",
   "growth_pct": 12.0,
   "over": "estimated GDP",
   "base_gdp_crore": 18840731.0,
   "text": "GDP for BE 2019-2020 has been projected at 21100607 crore assuming 12.0 % growth over the estimated GDP of `18840731 crore",
   "url": "https://www.indiabudget.gov.in/budget2019-20/doc/Budget_at_Glance/bag1.pdf",
   "sha256": "81e8ab5b98e7b497b2b30c7e592c70c35bb33e04f2c21cecbc10b212d9273dcf",
   "document": "Budget at a Glance 2019-20"
  },
  {
   "budget": "2020-21",
   "gdp_crore": 22489420.0,
   "printed_year": "2020-2021",
   "growth_pct": 10.0,
   "over": "estimated GDP",
   "base_gdp_crore": 20442233.0,
   "text": "GDP for BE 2020-2021 has been projected at `22489420 crore assuming 10.0 % growth over the estimated GDP of `20442233 crore",
   "url": "https://www.indiabudget.gov.in/budget2020-21/doc/Budget_at_Glance/bag1.pdf",
   "sha256": "1f2eba79d60e40e928abc4068b4d3b4929940efadfa0b3bfa62f6c0acb8c3dff",
   "document": "Budget at a Glance 2020-21"
  },
  {
   "budget": "2021-22",
   "gdp_crore": 22287379.0,
   "printed_year": "2021-2022",
   "growth_pct": 14.4,
   "over": "estimated GDP",
   "base_gdp_crore": 19481975.0,
   "text": "GDP for BE 2021-2022 has been projected at `22287379 crore assuming 14.4% growth over the estimated GDP of `19481975 crore",
   "url": "https://www.indiabudget.gov.in/budget2021-22/doc/Budget_at_Glance/bag1.pdf",
   "sha256": "89bb053ce6c312e025bbbd25cf9ffff82cf5a014642bac3132fc79b3968153ae",
   "document": "Budget at a Glance 2021-22"
  },
  {
   "budget": "2022-23",
   "gdp_crore": 25800000.0,
   "printed_year": "2022-2023",
   "growth_pct": 11.1,
   "over": "estimated GDP",
   "base_gdp_crore": 23214703.0,
   "text": "GDP for BE 2022-2023 has been projected at `25800000 crore assuming 11.1% growth over the estimated GDP of `23214703 crore",
   "url": "https://www.indiabudget.gov.in/budget2022-23/doc/Budget_at_Glance/bag1.pdf",
   "sha256": "9ad916187020c7e3a6d7e03da439ca6720b662bc1ac6261323b97091d954078e",
   "document": "Budget at a Glance 2022-23"
  },
  {
   "budget": "2023-24",
   "gdp_crore": 30175065.0,
   "printed_year": "2023-2024",
   "growth_pct": 10.5,
   "over": "- ` estimated Nominal GDP",
   "base_gdp_crore": 27307751.0,
   "text": "GDP for BE 2023-2024 has been projected at % `3,01,75,065 crore assuming 10.5 % growth over the - ` estimated Nominal GDP of `2,73,07,751 crore",
   "url": "https://www.indiabudget.gov.in/budget2023-24/doc/Budget_at_Glance/bag1.pdf",
   "sha256": "a388738767dfd6582bc46e5d3324094e2fc995e883a90b151af5c9c0e204e052",
   "document": "Budget at a Glance 2023-24"
  },
  {
   "budget": "2024-25",
   "gdp_crore": 32636912.0,
   "printed_year": "2024-25",
   "growth_pct": 10.5,
   "over": "Provisional Estimates of FY 2023-24",
   "base_gdp_crore": 29535667.0,
   "text": "GDP for Budget FY 2024-25 (Regular) is estimated at `3,26,36,912 crore which is 10.5% over the Provisional Estimates of FY 2023-24 at `2,95,35,667 crore",
   "url": "https://www.indiabudget.gov.in/budget2024-25/doc/Budget_at_Glance/bag1.pdf",
   "sha256": "356fb4c90cc919ff578373c6dfc56e3115be2e6f49cc22a42f62094aae0b772d",
   "document": "Budget at a Glance 2024-25"
  },
  {
   "budget": "2025-26",
   "gdp_crore": 35697923.0,
   "printed_year": "2025-26",
   "growth_pct": 10.1,
   "over": "Revised Estimates for FY 2024-25",
   "base_gdp_crore": 32411406.0,
   "text": "GDP for FY 2025-26 is estimated at ₹ 356,97,923 crore, which is 10.1% over the Revised Estimates for FY 2024-25 of ₹ 324,11,406 crore",
   "url": "https://www.indiabudget.gov.in/budget2025-26/doc/Budget_at_Glance/bag1.pdf",
   "sha256": "eb49127d4b774a1c6cfa6076f56f0dc64cbff308c29ef1e598f3f042c6ceab0e",
   "document": "Budget at a Glance 2025-26",
   "note": "The two rupee amounts are not in the PDF's text layer; they were read from the rendered page."
  },
  {
   "budget": "2026-27",
   "gdp_crore": 39300393.0,
   "printed_year": "2026-27",
   "text": "GDP for FY 2026-27 is estimated at ₹393,00,393 crore",
   "url": "https://www.indiabudget.gov.in/doc/Budget_at_Glance/bag1.pdf",
   "sha256": "9b6e8f27d7f8b980e029e15bb43b93b80e89b88f825cd662e4d2b32ee2803d53",
   "document": "Budget at a Glance 2026-27"
  }
 ],
 "forecasts": {
  "economic_survey": [
   {
    "fiscal_year": "2011-12",
    "survey": "Economic Survey 2010-11",
    "published_date": "2011-02-25",
    "low": 9.0,
    "high": 9.0,
    "kind": "point",
    "band_low": 8.75,
    "band_high": 9.25,
    "quote": "India’s real GDP is expected to grow by 9 per cent (+/- 0.25) in 2011-12.",
    "quote_2": "Hence the point expectation for India’s growth is 9 per cent.",
    "url": "https://www.indiabudget.gov.in/budget2011-2012/es2010-11/echap-01.pdf",
    "pdf_page": 21,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Chapter 1 'State of the Economy and Prospects', para 1.69-1.70. Point forecast 9% with stated +/-0.25 band. 2004-05 base; headline 'real GDP' then meant GDP at factor cost at constant prices. In the PDF '2011-' ends a line and '12' starts the next (text layer gives '2011- 12').",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "93fcf3a3ef625a2dffae0829733659d979b8cedab994c62849a8b008c2000364"
   },
   {
    "fiscal_year": "2012-13",
    "survey": "Economic Survey 2011-12",
    "published_date": "2012-03-15",
    "low": 7.6,
    "high": 7.6,
    "kind": "point",
    "band_low": 7.35,
    "band_high": 7.85,
    "quote": "a forecast of the growth rate of real GDP for 2012-13 to be 7.6 (+/-0.25) per cent.",
    "url": "https://www.indiabudget.gov.in/budget2012-2013/es2011-12/echap-01.pdf",
    "pdf_page": 20,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Chapter 1 para 1.82. Point forecast with +/-0.25 band. 2004-05 base, GDP at factor cost. Survey released in March (Budget on 16 Mar 2012). '2012-' ends a line in the PDF (text layer gives '2012- 13'). Same para also gives 8.6% for 2013-14 (preliminary).",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "95cc9a643f1b0be899b809754f8a9d9cdacb7c4c9da472f6268a330c426b18a2"
   },
   {
    "fiscal_year": "2013-14",
    "survey": "Economic Survey 2012-13",
    "published_date": "2013-02-27",
    "low": 6.1,
    "high": 6.7,
    "kind": "range",
    "quote": "the overall economy is expected to grow in the range of 6.1 to 6.7 per cent in 2013-14.",
    "url": "https://www.indiabudget.gov.in/budget2013-2014/es2012-13/echap-01.pdf",
    "pdf_page": 22,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Chapter 1 para 1.76. 2004-05 base, GDP at factor cost. Sentence begins '...where all the three major sectors of the economy perform better in 2013-14 as compared to 2012-13,'.",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "4bb16561456b30917551391b32020ff88c0d33bbda4715afe924df94370e7551"
   },
   {
    "fiscal_year": "2014-15",
    "survey": "Economic Survey 2013-14",
    "published_date": "2014-07-09",
    "low": 5.4,
    "high": 5.9,
    "kind": "range",
    "quote": "the GDP at factor cost at constant prices expected to grow in the range of 5.4 – 5.9 per cent in 2014-15.",
    "url": "https://www.indiabudget.gov.in/budget2014-2015/es2013-14/echap-01.pdf",
    "pdf_page": 22,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Election year: no survey in Feb 2014 (interim budget). The July 2014 survey is titled 'Economic Survey 2013-14' (not 2014-15) on the document itself. Chapter 1 para 1.64; explicitly GDP at factor cost, constant (2004-05) prices. Dash between 5.4 and 5.9 is an en dash; the margin box on the same page says 'grow in the range of 5.4-5.9 per cent in 2014-15'. A naive full-page text dump interleaves the margin box with this sentence; the quote is the main-column text. Para 1.65 adds growth is expected to be 'more on the lower side of the range'.",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "3df9b061c75f31037a501cf2b4c4c56ef6d9423f64a933ea6bb43f20b4d2ea43"
   },
   {
    "fiscal_year": "2015-16",
    "survey": "Economic Survey 2014-15",
    "published_date": "2015-02-27",
    "low": 8.1,
    "high": 8.5,
    "kind": "range",
    "quote": "Using the new estimate for 2014-15 as the base, this implies growth at market prices of 8.1-8.5 percent in 2015-16.",
    "url": "https://www.indiabudget.gov.in/budget2015-2016/es2014-15/echapvol1-01.pdf",
    "pdf_page": 8,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Volume I chapter 1 'Economic Outlook, Prospects, and Policy Challenges'. First survey on the new 2011-12 base series; forecast is real GDP at market prices. '8.1-' ends a line in the PDF (text layer gives '8.1- 8.5'). A footnote marker '4' follows 'last year' in the preceding sentence.",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "8c8a4ede92bdc41d79b0e2a117fb1629718ca94e311c528f1b0aff7054968764"
   },
   {
    "fiscal_year": "2016-17",
    "survey": "Economic Survey 2015-16",
    "published_date": "2016-02-26",
    "low": 7.0,
    "high": 7.75,
    "kind": "range",
    "quote": "we expect real GDP growth to be in the 7 to 7¾ per cent range, with downside risks",
    "quote_text_layer": "we expect real GDP growth to be in the 7 to 73/4 per cent range, with downside risks",
    "quote_2": "be in the range of 7.0 to 7.75 per cent in the coming year.",
    "quote_2_url": "https://www.indiabudget.gov.in/budget2016-2017/es2015-16/echapvol2-01.pdf",
    "quote_2_pdf_page": 21,
    "url": "https://www.indiabudget.gov.in/budget2016-2017/es2015-16/echapvol1-01.pdf",
    "pdf_page": 16,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Volume I chapter 1 para 1.50. The ¾ is typeset as small '3/4' glyphs, so the PDF text layer reads '73/4'. Volume II chapter 1 para 1.66 repeats it as 'GDP growth that could be in the range of 7.0 to 7.75 per cent in the coming year' (quote_2).",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "15540cf0b9126e71ad066811e7343bb8a6e55d3db489f8e29e95f02bf5dacb75"
   },
   {
    "fiscal_year": "2017-18",
    "survey": "Economic Survey 2016-17 (Volume I)",
    "published_date": "2017-01-31",
    "low": 6.75,
    "high": 7.5,
    "kind": "range",
    "quote": "we expect real GDP growth to be in the 6¾ to 7½ percent range in FY2018.",
    "url": "https://www.indiabudget.gov.in/budget2017-2018/es2016-17/echap01.pdf",
    "pdf_page": 20,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Volume I chapter 1 para 1.66 (FY2018 = 2017-18). Volume II (published Aug 2017, echap01_vol2.pdf p33, para 1.136) restated the 6.75-7.5 range but said the balance of risks had shifted to the downside, with outcomes near the upper end having much less weight.",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "35bacbe5a78aa22f2f88980369a83d95d6feecec4717846abfb30f596b5c03fc"
   },
   {
    "fiscal_year": "2018-19",
    "survey": "Economic Survey 2017-18",
    "published_date": "2018-01-29",
    "low": 7.0,
    "high": 7.5,
    "kind": "range",
    "quote": "a pick-up in growth to between 7 and 7.5 percent in 2018-19 can be forecasted",
    "quote_2": "rising to 7-7½ percent in 2018-19",
    "url": "https://www.indiabudget.gov.in/budget2018-2019/economicsurvey2017-2018/pdf/001-031_Chapter_01_ENGLISH_Vol_01_2017-18.pdf",
    "pdf_page": 28,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Volume I chapter 1 para 1.76 (Outlook for 2018-19). quote_2 is from the chapter's opening summary on pdf page 1 ('This should allow real GDP growth to reach 6¾ percent for the year as a whole, rising to 7-7½ percent in 2018-19').",
    "quote_2_pdf_page": 1,
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "d86f15ceaff25a771202cf7f87e0a560065fe05345e810d35df1f01e617fb101"
   },
   {
    "fiscal_year": "2019-20",
    "survey": "Economic Survey 2018-19",
    "published_date": "2019-07-04",
    "low": 7.0,
    "high": 7.0,
    "kind": "point",
    "quote": "the economy is projected to grow at 7 per cent in 2019-20.",
    "url": "https://www.indiabudget.gov.in/budget2019-20/economicsurvey/doc/vol2chapter/echap01_vol2.pdf",
    "pdf_page": 1,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Election year: no survey with the Feb 2019 interim budget; survey published July 2019. Quote is in Volume II chapter 1 'State of the Economy in 2018-19: A Macro View' (Volume I chapter 1 is about private investment and does not state the forecast). Sentence starts 'Given the macroeconomic situation and the structural reforms being undertaken by the government,'.",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "01230ebe6997dcc7f77eae11e802a6e01d4f4c206cb61cfc6894ded6a5cb9d3f"
   },
   {
    "fiscal_year": "2020-21",
    "survey": "Economic Survey 2019-20",
    "published_date": "2020-01-31",
    "low": 6.0,
    "high": 6.5,
    "kind": "range",
    "quote": "India’s GDP growth is expected to grow in the range of 6.0 to 6.5 per cent in 2020-21.",
    "url": "https://www.indiabudget.gov.in/budget2020-21/economicsurvey/doc/vol2chapter/echap01_vol2.pdf",
    "pdf_page": 29,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Volume II chapter 1 'State of the Economy', para 1.59 (right-hand column; a plain text dump interleaves the two columns). Volume I chapter 1 ('Wealth Creation') has no forecast. Real GDP implied (not stated as 'real' in the sentence).",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "05d9e64a4d2a5b8f33abb2d7dff1559330a4f29d22837d2f730410d557e076ca"
   },
   {
    "fiscal_year": "2021-22",
    "survey": "Economic Survey 2020-21",
    "published_date": "2021-01-29",
    "low": 11.0,
    "high": 11.0,
    "kind": "point",
    "quote": "India’s real GDP is projected to record a growth of 11.0 percent in 2021-22 and nominal GDP by 15.4 per cent.",
    "url": "https://www.indiabudget.gov.in/budget2021-22/economicsurvey/doc/vol2chapter/echap01_vol2.pdf",
    "pdf_page": 47,
    "nominal_low": 15.4,
    "nominal_high": 15.4,
    "nominal_quote": "India’s real GDP is projected to record a growth of 11.0 percent in 2021-22 and nominal GDP by 15.4 per cent.",
    "notes": "Volume II chapter 1 'State of the Economy 2020-21: A Macro View', para 1.61 (Outlook). Note the document prints '11.0 percent' (one word) but '15.4 per cent'. Followed by 'These conservative estimates reflect upside potential...'.",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "b23f1a2e778573d13f22580c5cd6d6a69834d90ec8d7886e67cda70efd75cab7"
   },
   {
    "fiscal_year": "2022-23",
    "survey": "Economic Survey 2021-22",
    "published_date": "2022-01-31",
    "low": 8.0,
    "high": 8.5,
    "kind": "range",
    "quote": "India’s GDP is projected to grow in real terms by 8.0-8.5 per cent in 2022-23.",
    "url": "https://www.indiabudget.gov.in/budget2022-23/economicsurvey/doc/eschapter/echap01.pdf",
    "pdf_page": 38,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Chapter 1 'State of the Economy', para 1.44 (Growth Outlook). Sentence begins 'Thus,'. Assumptions: no further debilitating pandemic disruption, normal monsoon, orderly liquidity withdrawal, oil at US$70-75/bbl.",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "28e111e48bbb642049405eb0433b0bdc2eb1d1e70522972bd7b38644418236c1"
   },
   {
    "fiscal_year": "2023-24",
    "survey": "Economic Survey 2022-23",
    "published_date": "2023-01-31",
    "low": 6.5,
    "high": 6.5,
    "kind": "point",
    "band_low": 6.0,
    "band_high": 6.8,
    "quote": "the survey projects a baseline GDP growth of 6.5 per cent in real terms in FY24.",
    "quote_2": "The actual outcome for real GDP growth will probably lie in the range of 6.0 per cent to 6.8 per cent",
    "url": "https://www.indiabudget.gov.in/budget2023-24/economicsurvey/doc/eschapter/echap01.pdf",
    "pdf_page": 23,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Chapter 1 para 1.34. Baseline (point) 6.5% with a stated likely outcome range of 6.0-6.8% (quote_2, same para). Sentence begins 'Against this backdrop,'. No nominal projection found in chapter 1 or the preface.",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "511e275c6c57fffd0bd73868ad0b28d7bd7617181c800d467b1d6304cfd129a3"
   },
   {
    "fiscal_year": "2024-25",
    "survey": "Economic Survey 2023-24",
    "published_date": "2024-07-22",
    "low": 6.5,
    "high": 7.0,
    "kind": "range",
    "quote": "the Survey conservatively projects a real GDP growth of 6.5–7 per cent, with risks evenly balanced, cognizant of the fact that the market expectations are on the higher side.",
    "url": "https://www.indiabudget.gov.in/budget2024-25/economicsurvey/doc/eschapter/echap01.pdf",
    "pdf_page": 35,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Chapter 1 'State of the Economy: Steady as She Goes'. Election year: no Economic Survey in Jan 2024 (interim budget 1 Feb 2024); this July 2024 survey is the relevant one. The dash in '6.5–7' is an en dash. The sentence does not name the year; context (Outlook section) is FY25. Sentence begins 'Considering these factors,'. In Jan 2024 the Finance Ministry instead issued 'The Indian Economy – A Review' (reported as saying FY25 real GDP growth 'will likely be closer to 7 per cent'); NOT verified here, because I could not find an official-site copy (only third-party copies), and it is not an Economic Survey.",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "e5b16eb547115ac907a81158ada2f2bc2989b36a4e0590996df2325d122dc582"
   },
   {
    "fiscal_year": "2025-26",
    "survey": "Economic Survey 2024-25",
    "published_date": "2025-01-31",
    "low": 6.3,
    "high": 6.8,
    "kind": "range",
    "quote": "we expect that the growth in FY26 would be between 6.3 and 6.8 per cent.",
    "url": "https://www.indiabudget.gov.in/budget2025-26/economicsurvey/doc/eschapter/echap01.pdf",
    "pdf_page": 33,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Chapter 1 'State of the Economy: Getting Back into the Fast Lane', para 1.72. The sentence says 'growth' without 'real GDP'; the chapter context is real GDP. Sentence begins 'On balance of these considerations,'. The sentence is split across pdf pages 32-33; the quoted part is entirely on page 33.",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "778f19e5f7d8fac0ed506cef95cc17db8fe05acdc86aca0a51dcf3ca58d4c5b6"
   },
   {
    "fiscal_year": "2026-27",
    "survey": "Economic Survey 2025-26",
    "published_date": "2026-01-29",
    "low": 6.8,
    "high": 7.2,
    "kind": "range",
    "quote": "the Economic Survey projects real GDP growth in FY27 in the range of 6.8 to 7.2 per cent.",
    "url": "https://www.indiabudget.gov.in/economicsurvey/doc/eschapter/echap01.pdf",
    "pdf_page": 31,
    "nominal_low": null,
    "nominal_high": null,
    "nominal_quote": null,
    "notes": "Chapter 1 'State of the Economy: Pushing the Growth Frontier', para 1.46. URL is the current-survey path; it will likely move to https://www.indiabudget.gov.in/budget2026-27/economicsurvey/... when the next survey is published. Same para says medium-term potential growth is 'closer to 7 per cent'. No nominal projection found in chapter 1.",
    "source": "Economic Survey (Ministry of Finance)",
    "sha256": "19bd4f1239b0bf8c2ad389f86ffa3fe1184cfa19eb8081ae6684f8763f318b22"
   }
  ],
  "rbi": [
   {
    "fiscal_year": "2011-12",
    "statement": "Monetary Policy Statement 2011-12 (Annual Policy)",
    "date": "2011-05-03",
    "measure": "GDP",
    "value": 8.0,
    "quote": "the baseline projection of real GDP growth for 2011-12 for policy purposes is placed at around 8 per cent",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6376&Mode=0",
    "is_first": true,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "Stated as 'around 8 per cent'. Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'. Press statement: https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=24335. The Third Quarter Review of 2010-11 (Jan 25, 2011) gave no 2011-12 projection.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "1bee76ff478a668e82ef68ae01276c3a589f25d89ad37d2833d20ef0983d77b3"
   },
   {
    "fiscal_year": "2011-12",
    "statement": "First Quarter Review of Monetary Policy 2011-12",
    "date": "2011-07-26",
    "measure": "GDP",
    "value": 8.0,
    "quote": "the baseline projection of real GDP growth is retained at 8.0 per cent, as set out in the May 3 Policy Statement",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6631&Mode=0",
    "is_first": false,
    "is_last": false,
    "notes": "Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "1e568ff9496920440dd1461459d7e7dec620cab06f5f2e576146a987a0397a43"
   },
   {
    "fiscal_year": "2011-12",
    "statement": "Second Quarter Review of Monetary Policy 2011-12 (Governor's press statement)",
    "date": "2011-10-25",
    "measure": "GDP",
    "value": 7.6,
    "quote": "we have revised downwards the baseline projection of GDP growth for 2011-12 to 7.6 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=25299",
    "is_first": false,
    "is_last": false,
    "notes": "Quote from the Governor's press statement; the full Review (https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6775&Mode=0) has the same projection but its HTML has a typo ('2011-12is revised'). Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "89aa9e9caf63e0a316b19ec82a8d0a19ae1b94b6f173723d45305a56db53c236"
   },
   {
    "fiscal_year": "2011-12",
    "statement": "Third Quarter Review of Monetary Policy 2011-12",
    "date": "2012-01-24",
    "measure": "GDP",
    "value": 7.0,
    "quote": "the baseline projection of GDP growth for 2011-12 is revised downwards from 7.6 per cent to 7.0 per cent",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6958&Mode=0",
    "is_first": false,
    "is_last": true,
    "notes": "The Mid-Quarter Review of March 15, 2012 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=26124) gave no new number. Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "68bdcf7d76ce8dff80c11e35aeada88cac81a176d2bd6c0e9855c721173154d4"
   },
   {
    "fiscal_year": "2012-13",
    "statement": "Monetary Policy Statement 2012-13 (Annual Policy)",
    "date": "2012-04-17",
    "measure": "GDP",
    "value": 7.3,
    "quote": "the baseline GDP growth for 2012-13 is projected at 7.3 per cent",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=7136&Mode=0",
    "is_first": true,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "Press statement: https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=26314. The Jan 2012 Third Quarter Review gave no 2012-13 projection. Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "b254749d85d5f33c234143a5ce9acd6b86bedd65f9c05ff59ac072770b8264b8"
   },
   {
    "fiscal_year": "2012-13",
    "statement": "First Quarter Review of Monetary Policy 2012-13",
    "date": "2012-07-31",
    "measure": "GDP",
    "value": 6.5,
    "quote": "the growth projection for 2012-13 is revised downwards from 7.3 per cent to 6.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=7479&Mode=0",
    "is_first": false,
    "is_last": false,
    "notes": "Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "3e57cc3240cfae7cb4d2b37dfd3b47229c1f88355b2b1ff2ba86bd426bb1c11a"
   },
   {
    "fiscal_year": "2012-13",
    "statement": "Second Quarter Review of Monetary Policy 2012-13",
    "date": "2012-10-30",
    "measure": "GDP",
    "value": 5.8,
    "quote": "the baseline projection of GDP growth for 2012-13 is revised downwards to 5.8 per cent",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=7647&Mode=0",
    "is_first": false,
    "is_last": false,
    "notes": "Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "f31f0b55e462f3a75b6939a104f02137aea9dd27c5d13631cb71ea037b2c6088"
   },
   {
    "fiscal_year": "2012-13",
    "statement": "Third Quarter Review of Monetary Policy 2012-13",
    "date": "2013-01-29",
    "measure": "GDP",
    "value": 5.5,
    "quote": "the baseline projection of GDP growth for 2012-13 is revised down from 5.8 per cent given in the SQR to 5.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=7833&Mode=0",
    "is_first": false,
    "is_last": true,
    "notes": "The Mid-Quarter Review of March 19, 2013 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=28335) cited the 5.5% projection again and gave no new number. Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "bb413fa63c22fb494067a1e4a4377aa47bac81dc2bce56cb9f0fbaae52399f82"
   },
   {
    "fiscal_year": "2013-14",
    "statement": "Monetary Policy Statement 2013-14 (Annual Policy)",
    "date": "2013-05-03",
    "measure": "GDP",
    "value": 5.7,
    "quote": "the baseline GDP growth for 2013-14 is projected at 5.7 per cent",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=7956&Mode=0",
    "is_first": true,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "Released in May, not April. Press statement: https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=28594. The Jan 2013 Third Quarter Review gave no 2013-14 projection. Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "263c93dd3c8fdbd01dbcd534b095b052431d4db8afca655ff4ddee318e29256a"
   },
   {
    "fiscal_year": "2013-14",
    "statement": "First Quarter Review of Monetary Policy 2013-14",
    "date": "2013-07-30",
    "measure": "GDP",
    "value": 5.5,
    "quote": "the growth projection for 2013-14 is revised downwards from 5.7 per cent to 5.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8278&Mode=0",
    "is_first": false,
    "is_last": false,
    "notes": "Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "27539b7cff7b903feb29e01f84a829d5cec2fdfe667c80304e9dd7ef803dce6c"
   },
   {
    "fiscal_year": "2013-14",
    "statement": "Second Quarter Review of Monetary Policy 2013-14",
    "date": "2013-10-29",
    "measure": "GDP",
    "value": 5.0,
    "quote": "raising real GDP growth from 4.4 per cent in Q1 to a central estimate of 5.0 per cent for the year as a whole",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8532&Mode=0",
    "is_first": false,
    "is_last": false,
    "notes": "Stated as a 'central estimate'. The Mid-Quarter Review of Sep 20, 2013 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=29590) gave no number. Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "86dea03416f3317c01bfbad3f97612c119033dbb38e85558087603a03be8d510"
   },
   {
    "fiscal_year": "2013-14",
    "statement": "Third Quarter Review of Monetary Policy 2013-14",
    "date": "2014-01-28",
    "measure": "GDP",
    "value": null,
    "high": 5.0,
    "value_text": "a little below 5 per cent",
    "quote": "real GDP growth can be expected to firm up from a little below 5 per cent in 2013-14",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8711&Mode=0",
    "is_first": false,
    "is_last": true,
    "notes": "No exact number; the text says 'a little below 5 per cent'. 'high' is 5.0 only as an upper bound. The Mid-Quarter Review of Dec 18, 2013 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=30209) gave no number. Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "4c91f881371ed7cd237383a69aced22c9c5060f4e715f557789f78cdeb2c4b71"
   },
   {
    "fiscal_year": "2014-15",
    "statement": "Third Quarter Review of Monetary Policy 2013-14",
    "date": "2014-01-28",
    "measure": "GDP",
    "value": 5.5,
    "low": 5.0,
    "high": 6.0,
    "quote": "real GDP growth can be expected to firm up from a little below 5 per cent in 2013-14 to a range of 5 to 6 per cent in 2014-15, with risks balanced around the central estimate of 5.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8711&Mode=0",
    "is_first": true,
    "is_last": false,
    "notes": "Range of 5-6 per cent, central estimate 5.5. Made in the previous year's (2013-14) Third Quarter Review. Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "4c91f881371ed7cd237383a69aced22c9c5060f4e715f557789f78cdeb2c4b71"
   },
   {
    "fiscal_year": "2014-15",
    "statement": "First Bi-monthly Monetary Policy Statement, 2014-15",
    "date": "2014-04-01",
    "measure": "GDP",
    "value": 5.5,
    "low": 5.0,
    "high": 6.0,
    "quote": "real GDP growth is projected to pick up from a little below 5 per cent in 2013-14 to a range of 5 to 6 per cent in 2014-15 albeit with downside risks to the central estimate of 5.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=30911",
    "is_first": false,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "Range of 5-6 per cent, central 5.5. Governor's press statement https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=30912 has the same wording. Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "a4ff5a4bb77137063ac36ab1874f69e1bce09b20d31ccb6e81dfa845fa01a650"
   },
   {
    "fiscal_year": "2014-15",
    "statement": "Second Bi-monthly Monetary Policy Statement, 2014-15",
    "date": "2014-06-03",
    "measure": "GDP",
    "value": 5.5,
    "low": 5.0,
    "high": 6.0,
    "quote": "the April projection of real GDP growth from 4.7 per cent in 2013-14 to a range of 5 to 6 per cent in 2014-15 is retained with risks evenly balanced around the central estimate of 5.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=31329",
    "is_first": false,
    "is_last": false,
    "notes": "Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "810e8187c4e2dc6a2431a287a1d30e0c03c1dc4ea65624680f7e6128f6f7745d"
   },
   {
    "fiscal_year": "2014-15",
    "statement": "Third Bi-monthly Monetary Policy Statement, 2014-15",
    "date": "2014-08-05",
    "measure": "GDP",
    "value": 5.5,
    "low": 5.0,
    "high": 6.0,
    "quote": "the central estimate of real GDP growth of 5.5 per cent within a likely range of 5 to 6 per cent that was set out in the April projection for 2014-15 can be sustained",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=31773",
    "is_first": false,
    "is_last": false,
    "notes": "Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "64a34ac542d4599bc18b958c5113bc3ee0897a752ae0acf62d1d3cfb0ff877f9"
   },
   {
    "fiscal_year": "2014-15",
    "statement": "Fourth Bi-monthly Monetary Policy Statement, 2014-15",
    "date": "2014-09-30",
    "measure": "GDP",
    "value": 5.5,
    "low": 5.0,
    "high": 6.0,
    "quote": "the projection of growth for 2014-15 is retained at 5.5 per cent within a range of 5 to 6 per cent around this central estimate",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=32197",
    "is_first": false,
    "is_last": false,
    "notes": "Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "837d324115af7c21113bfd048b989048bb734a8f44cb6c2f49ca962863adde2e"
   },
   {
    "fiscal_year": "2014-15",
    "statement": "Fifth Bi-monthly Monetary Policy Statement, 2014-15",
    "date": "2014-12-02",
    "measure": "GDP",
    "value": 5.5,
    "quote": "the central estimate of projected growth for 2014-15 has been retained at 5.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=32649",
    "is_first": false,
    "is_last": false,
    "notes": "Series: 2004-05 base national accounts (the CSO headline growth measure then was GDP at factor cost); the document itself just says 'GDP growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "ea3a52d5c593fcdb3a7a9a9485b73f92658f2ed5ae47e7f15afa4e2f32f7704f"
   },
   {
    "fiscal_year": "2014-15",
    "statement": "Sixth Bi-monthly Monetary Policy Statement, 2014-15",
    "date": "2015-02-03",
    "measure": "GDP",
    "value": 5.5,
    "quote": "the baseline projection for growth using the old GDP base has been retained at 5.5 per cent for 2014-15",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=33144",
    "is_first": false,
    "is_last": true,
    "notes": "Explicitly on the OLD (2004-05) GDP base. The statement notes that the new base-2011-12 GDP series had been released on Jan 30, 2015. The unscheduled statements of Jan 15, 2015 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=33012) and Mar 4, 2015 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=33372) gave no growth projection.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "b683447d1fefedf382a00fd12492f811d07b3bbe1d4ca76822725b196a3c60ef"
   },
   {
    "fiscal_year": "2015-16",
    "statement": "Sixth Bi-monthly Monetary Policy Statement, 2014-15",
    "date": "2015-02-03",
    "measure": "GDP",
    "value": 6.5,
    "quote": "the central estimate for real GDP growth in 2015-16 is expected to rise to 6.5 per cent with risks broadly balanced at this point",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=33144",
    "is_first": true,
    "is_last": false,
    "notes": "Made on the OLD (2004-05) GDP base, just before the new base-2011-12 advance estimates (Feb 9, 2015). The same statement warns that the new series 'could result in revisions to the Reserve Bank’s growth projections for 2015-16'. Not comparable with the April 2015 figure.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "b683447d1fefedf382a00fd12492f811d07b3bbe1d4ca76822725b196a3c60ef"
   },
   {
    "fiscal_year": "2015-16",
    "statement": "First Bi-monthly Monetary Policy Statement, 2015-16",
    "date": "2015-04-07",
    "measure": "GVA",
    "value": 7.8,
    "quote": "output growth for 2015-16 is projected at 7.8 per cent, higher by 30 bps from 7.5 per cent in 2014-15",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=33628",
    "is_first": false,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "The document says 'output growth' on the new 2011-12 base. Recorded as GVA (at basic prices) because the June 2015 statement ties the revision of this figure to the CSO's GVA estimates and the Feb 2016 statement calls the 2015-16 figure 'GVA growth'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "36a4ff5186c78051fef5e75dd17c4b6ccf92a965fd2e0dd10533cacb41f598b5"
   },
   {
    "fiscal_year": "2015-16",
    "statement": "Second Bi-monthly Monetary Policy Statement, 2015-16",
    "date": "2015-06-02",
    "measure": "GVA",
    "value": 7.6,
    "quote": "the projection for output growth for 2015-16 has been marked down from 7.8 per cent in April to 7.6 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=34073",
    "is_first": false,
    "is_last": false,
    "notes": "Wording is 'output growth'. The same paragraph cites 'the downward revision to GVA estimates for 2014-15'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "e679083f609279fbab2109f811642f6762e899b8826f46abffd2603ea7179293"
   },
   {
    "fiscal_year": "2015-16",
    "statement": "Third Bi-monthly Monetary Policy Statement, 2015-16",
    "date": "2015-08-04",
    "measure": "GVA",
    "value": 7.6,
    "quote": "the projected output growth for 2015-16 has been retained at 7.6 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=34614",
    "is_first": false,
    "is_last": false,
    "notes": "Wording is 'output growth' (GVA basis).",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "3bd29a2c745a846be50c9c9d6d220d1e725c03363ba1fee547d4cfc440ae13d4"
   },
   {
    "fiscal_year": "2015-16",
    "statement": "Fourth Bi-monthly Monetary Policy Statement, 2015-16",
    "date": "2015-09-29",
    "measure": "GVA",
    "value": 7.4,
    "quote": "output growth projected for 2015-16 is marked down slightly to 7.4 per cent from 7.6 per cent earlier",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=35087",
    "is_first": false,
    "is_last": false,
    "notes": "Wording is 'output growth' (GVA basis).",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "ff73cff5ae2f981f1fc563665b69129a517b25d99eec805e3a455f022881c811"
   },
   {
    "fiscal_year": "2015-16",
    "statement": "Fifth Bi-monthly Monetary Policy Statement, 2015-16",
    "date": "2015-12-01",
    "measure": "GVA",
    "value": 7.4,
    "quote": "The growth projection for 2015-16 has accordingly been kept unchanged at 7.4 per cent with a mild downside bias",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=35595",
    "is_first": false,
    "is_last": false,
    "notes": "Wording is 'growth projection' (GVA basis).",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "c0dd7c26337853da96b11b4bd3d47da10730c9c87c78afd49cc40b69e0215a69"
   },
   {
    "fiscal_year": "2015-16",
    "statement": "Sixth Bi-monthly Monetary Policy Statement, 2015-16",
    "date": "2016-02-02",
    "measure": "GVA",
    "value": 7.4,
    "quote": "GVA growth for 2015-16 is kept unchanged at 7.4 per cent with a downside bias",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=36124",
    "is_first": false,
    "is_last": true,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "fca5be30d03efee5e48123535dc8efa1ad10633b2fa9fef0cf4336afb9855f75"
   },
   {
    "fiscal_year": "2016-17",
    "statement": "Sixth Bi-monthly Monetary Policy Statement, 2015-16",
    "date": "2016-02-02",
    "measure": "GVA",
    "value": 7.6,
    "quote": "GVA growth for 2016-17 is projected at 7.6 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=36124",
    "is_first": true,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "fca5be30d03efee5e48123535dc8efa1ad10633b2fa9fef0cf4336afb9855f75"
   },
   {
    "fiscal_year": "2016-17",
    "statement": "First Bi-monthly Monetary Policy Statement, 2016-17",
    "date": "2016-04-05",
    "measure": "GVA",
    "value": 7.6,
    "quote": "The GVA growth projection for 2016-17 is accordingly retained at 7.6 per cent, with risks evenly balanced around it",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=36654",
    "is_first": false,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "d5dd302a898c83adc52ad18a322f2dc2008eaa05cd85a8d09df27d0714877f05"
   },
   {
    "fiscal_year": "2016-17",
    "statement": "Second Bi-monthly Monetary Policy Statement, 2016-17",
    "date": "2016-06-07",
    "measure": "GVA",
    "value": 7.6,
    "quote": "the GVA growth projection for 2016-17 has been retained at 7.6 per cent with risks evenly balanced",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=37151",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "ef9639953a8a3d93a2d901d79ac07e5b9f5c749c02117f848b086a2d594568d4"
   },
   {
    "fiscal_year": "2016-17",
    "statement": "Third Bi-monthly Monetary Policy Statement, 2016-17",
    "date": "2016-08-09",
    "measure": "GVA",
    "value": 7.6,
    "quote": "the GVA growth projection for 2016-17 is retained at 7.6 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=37734",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "91e4656156e6dc13e254833c77f5326aa2d7a0ef5f22f0cd183369c0a26ac6b7"
   },
   {
    "fiscal_year": "2016-17",
    "statement": "Fourth Bi-monthly Monetary Policy Statement, 2016-17 – Resolution of the Monetary Policy Committee (MPC)",
    "date": "2016-10-04",
    "measure": "GVA",
    "value": 7.6,
    "quote": "the projection of growth of real gross value added (GVA) for 2016-17 is retained at 7.6 per cent, with risks evenly balanced around it",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38224",
    "is_first": false,
    "is_last": false,
    "notes": "First MPC resolution.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "c563fc24a0a873f96763cf7972df3df0b0d9004a2bde281a720642097ccf8bcd"
   },
   {
    "fiscal_year": "2016-17",
    "statement": "Fifth Bi-monthly Monetary Policy Statement, 2016-17 – Resolution of the MPC",
    "date": "2016-12-07",
    "measure": "GVA",
    "value": 7.1,
    "quote": "GVA growth for 2016-17 is revised down from 7.6 per cent to 7.1 per cent, with evenly balanced risks",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38818",
    "is_first": false,
    "is_last": false,
    "notes": "Cut after demonetisation (Nov 2016).",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "3a15c3ef6442522f7aa0dc8968b537eb55e7d12e8bf83828f21f0ea2f758544b"
   },
   {
    "fiscal_year": "2016-17",
    "statement": "Sixth Bi-monthly Monetary Policy Statement, 2016-17 – Resolution of the MPC",
    "date": "2017-02-08",
    "measure": "GVA",
    "value": 6.9,
    "quote": "GVA growth for 2016-17 is projected at 6.9 per cent with risks evenly balanced around it",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=39505",
    "is_first": false,
    "is_last": true,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "602123ec92321d185390fd378b604472b3f58a9f3b861d0f0eafde4bdbd1a69a"
   },
   {
    "fiscal_year": "2017-18",
    "statement": "Sixth Bi-monthly Monetary Policy Statement, 2016-17 – Resolution of the MPC",
    "date": "2017-02-08",
    "measure": "GVA",
    "value": 7.4,
    "quote": "GVA growth for 2017-18 is projected at 7.4 per cent, with risks evenly balanced",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=39505",
    "is_first": true,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "602123ec92321d185390fd378b604472b3f58a9f3b861d0f0eafde4bdbd1a69a"
   },
   {
    "fiscal_year": "2017-18",
    "statement": "First Bi-monthly Monetary Policy Statement, 2017-18 – Resolution of the MPC",
    "date": "2017-04-06",
    "measure": "GVA",
    "value": 7.4,
    "quote": "GVA growth is projected to strengthen to 7.4 per cent in 2017-18 from 6.7 per cent in 2016-17, with risks evenly balanced",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=40069",
    "is_first": false,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "c4791dd9d8c688e1cb108e152226020eb49cf97710219372fd5b3e2461d20117"
   },
   {
    "fiscal_year": "2017-18",
    "statement": "Second Bi-monthly Monetary Policy Statement, 2017-18 – Resolution of the MPC",
    "date": "2017-06-07",
    "measure": "GVA",
    "value": 7.3,
    "quote": "the projection of real GVA growth for 2017-18 has accordingly been revised 10 bps downwards from the April 2017 projection to 7.3 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=40685",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "cdbc85bcc55e8ccbd0b98a590f4ac72ebcb11d281e65053aaf7719617de0fe42"
   },
   {
    "fiscal_year": "2017-18",
    "statement": "Third Bi-monthly Monetary Policy Statement, 2017-18 – Resolution of the MPC",
    "date": "2017-08-02",
    "measure": "GVA",
    "value": 7.3,
    "quote": "the projection of real GVA growth for 2017-18 has been retained at the June 2017 projection of 7.3 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=41256",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "242a1f551ae11ab304654c8690c20bc336355d290af988b3c04b8d3cb7e30bf9"
   },
   {
    "fiscal_year": "2017-18",
    "statement": "Fourth Bi-monthly Monetary Policy Statement, 2017-18 – Resolution of the MPC",
    "date": "2017-10-04",
    "measure": "GVA",
    "value": 6.7,
    "quote": "the projection of real GVA growth for 2017-18 has been revised down to 6.7 per cent from the August 2017 projection of 7.3 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=41852",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "eabd0df929a1d89bebbc6c35db42d5b5e7aff105957127599fa64761efc5b066"
   },
   {
    "fiscal_year": "2017-18",
    "statement": "Fifth Bi-monthly Monetary Policy Statement, 2017-18 – Resolution of the MPC",
    "date": "2017-12-06",
    "measure": "GVA",
    "value": 6.7,
    "quote": "the projection of real GVA growth for 2017-18 of the October resolution at 6.7 per cent has been retained",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=42476",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "492bf19beefde5c83514d881aa55ab030507ee87eb5132433697d267f4cde6a9"
   },
   {
    "fiscal_year": "2017-18",
    "statement": "Sixth Bi-monthly Monetary Policy Statement, 2017-18 – Resolution of the MPC",
    "date": "2018-02-07",
    "measure": "GVA",
    "value": 6.6,
    "quote": "GVA growth for 2017-18 is projected at 6.6 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=43078",
    "is_first": false,
    "is_last": true,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "f619e79253051a51432e41f56b0ff0ef922ac88f253a59ee136332d1114d4064"
   },
   {
    "fiscal_year": "2018-19",
    "statement": "Sixth Bi-monthly Monetary Policy Statement, 2017-18 – Resolution of the MPC",
    "date": "2018-02-07",
    "measure": "GVA",
    "value": 7.2,
    "quote": "GVA growth for 2018-19 is projected at 7.2 per cent overall – in the range of 7.3-7.4 per cent in H1 and 7.1-7.2 per cent in H2",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=43078",
    "is_first": true,
    "is_last": false,
    "notes": "GVA, not GDP. A footnote in the April 2018 resolution (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=43573) says: 'The implicit GDP growth projection in the 6th bi-monthly monetary policy statement was 7.4 per cent for 2018-19'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "f619e79253051a51432e41f56b0ff0ef922ac88f253a59ee136332d1114d4064"
   },
   {
    "fiscal_year": "2018-19",
    "statement": "First Bi-monthly Monetary Policy Statement, 2018-19 – Resolution of the MPC",
    "date": "2018-04-05",
    "measure": "GDP",
    "value": 7.4,
    "quote": "GDP growth is projected to strengthen from 6.6 per cent in 2017-18 to 7.4 per cent in 2018-19",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=43573",
    "is_first": false,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "From here on the measure is GDP. Footnote: 'From this resolution onwards, growth in gross domestic product (GDP) will be used as the headline measure of economic activity.' Ranges: 7.3-7.4 per cent in H1 and 7.3-7.6 per cent in H2.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "74885d63208b15c69cbce870de23426252f090447f0f8e53bb9772d04486d847"
   },
   {
    "fiscal_year": "2018-19",
    "statement": "Second Bi-monthly Monetary Policy Statement, 2018-19 – Resolution of the MPC",
    "date": "2018-06-06",
    "measure": "GDP",
    "value": 7.4,
    "quote": "GDP growth for 2018-19 is retained at 7.4 per cent as in the April policy",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=44125",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "6a04559dba6d8df3ac41228488ecbfd26976b2fd3ecef92312837b190ff5f1c9"
   },
   {
    "fiscal_year": "2018-19",
    "statement": "Third Bi-monthly Monetary Policy Statement, 2018-19 – Resolution of the MPC",
    "date": "2018-08-01",
    "measure": "GDP",
    "value": 7.4,
    "quote": "GDP growth projection for 2018-19 is retained, as in the June statement, at 7.4 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=44636",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "a5b8e9a6cc3a3f363b5aef8a377bb841e460bec7d20a240a24c9c08899abf644"
   },
   {
    "fiscal_year": "2018-19",
    "statement": "Fourth Bi-monthly Monetary Policy Statement, 2018-19 – Resolution of the MPC",
    "date": "2018-10-05",
    "measure": "GDP",
    "value": 7.4,
    "quote": "GDP growth projection for 2018-19 is retained at 7.4 per cent as in the August resolution",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=45152",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "a112665e68fa0a92c483823118b50d418c3d979120e624cd581e9930cd3b5990"
   },
   {
    "fiscal_year": "2018-19",
    "statement": "Fifth Bi-monthly Monetary Policy Statement, 2018-19 – Resolution of the MPC",
    "date": "2018-12-05",
    "measure": "GDP",
    "value": 7.4,
    "quote": "GDP growth for 2018-19 has been projected at 7.4 per cent (7.2-7.3 per cent in H2) as in the October policy",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=45656",
    "is_first": false,
    "is_last": true,
    "notes": "The Feb 7, 2019 resolution (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46235) only repeated the December figure and gave no new 2018-19 projection.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "0748197ef593faaeacbdb9985a6922b38eb45a99b0cc072526919d2b68825f9e"
   },
   {
    "fiscal_year": "2019-20",
    "statement": "Sixth Bi-monthly Monetary Policy Statement, 2018-19 – Resolution of the MPC",
    "date": "2019-02-07",
    "measure": "GDP",
    "value": 7.4,
    "quote": "GDP growth for 2019-20 is projected at 7.4 per cent – in the range of 7.2-7.4 per cent in H1, and 7.5 per cent in Q3 – with risks evenly balanced",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46235",
    "is_first": true,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "b62795cce68a985c290b191288d7228acd62419956eba0ad53ea59450a5ef28d"
   },
   {
    "fiscal_year": "2019-20",
    "statement": "First Bi-monthly Monetary Policy Statement, 2019-20 – Resolution of the MPC",
    "date": "2019-04-04",
    "measure": "GDP",
    "value": 7.2,
    "quote": "GDP growth for 2019-20 is projected at 7.2 per cent – in the range of 6.8-7.1 per cent in H1:2019-20 and 7.3-7.4 per cent in H2",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46722",
    "is_first": false,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "bb5c3bc2104bd3cb2acfb48cc5e55d94bf1b642dec741a56d64365b323f1ba51"
   },
   {
    "fiscal_year": "2019-20",
    "statement": "Second Bi-monthly Monetary Policy Statement, 2019-20 – Resolution of the MPC",
    "date": "2019-06-06",
    "measure": "GDP",
    "value": 7.0,
    "quote": "GDP growth for 2019-20 is revised downwards from 7.2 per cent in the April policy to 7.0 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=47225",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "9bb7a1a98e6c1bf922961215f7ec1110caa35f85dc7252ef74f7cd5391f118b7"
   },
   {
    "fiscal_year": "2019-20",
    "statement": "Third Bi-monthly Monetary Policy Statement, 2019-20 – Resolution of the MPC",
    "date": "2019-08-07",
    "measure": "GDP",
    "value": 6.9,
    "quote": "real GDP growth for 2019-20 is revised downwards from 7.0 per cent in the June policy to 6.9 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=47818",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "1fcc21817e242809e614b53b56e5f21ee21e06393ed4d5f15d039abce56937b3"
   },
   {
    "fiscal_year": "2019-20",
    "statement": "Fourth Bi-monthly Monetary Policy Statement, 2019-20 – Resolution of the MPC",
    "date": "2019-10-04",
    "measure": "GDP",
    "value": 6.1,
    "quote": "real GDP growth for 2019-20 is revised downwards from 6.9 per cent in the August policy to 6.1 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=48319",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "fea520e7690c95167b4fd873c769c55096f10581bec1e155ba9e7199c637fc82"
   },
   {
    "fiscal_year": "2019-20",
    "statement": "Fifth Bi-monthly Monetary Policy Statement, 2019-20 – Resolution of the MPC",
    "date": "2019-12-05",
    "measure": "GDP",
    "value": 5.0,
    "quote": "real GDP growth for 2019-20 is revised downwards from 6.1 per cent in the October policy to 5.0 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=48802",
    "is_first": false,
    "is_last": true,
    "notes": "The Feb 6, 2020 resolution (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49342) only restated the December figure. The off-cycle Seventh Bi-monthly statement of Mar 27, 2020 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49581) gave no new projection.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "1a62838b24046e6dfc7cc2ec281e4f11b8728061d3045bc7ab61c2919a3c8afc"
   },
   {
    "fiscal_year": "2020-21",
    "statement": "Sixth Bi-monthly Monetary Policy Statement, 2019-20 – Resolution of the MPC",
    "date": "2020-02-06",
    "measure": "GDP",
    "value": 6.0,
    "quote": "GDP growth for 2020-21 is projected at 6.0 per cent – in the range of 5.5-6.0 per cent in H1 and 6.2 per cent in Q3",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49342",
    "is_first": true,
    "is_last": false,
    "notes": "Pre-COVID projection.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "2cecf0b5fa373aa005af08c8e8df34d9556175efc103e3db951a62b435e7d501"
   },
   {
    "fiscal_year": "2020-21",
    "statement": "Governor's Statement – Seventh Bi-monthly Monetary Policy Statement, 2019-20 (off-cycle, COVID)",
    "date": "2020-03-27",
    "measure": "GDP",
    "value": null,
    "quote": "projections of growth and inflation would be heavily contingent on the intensity, spread and duration of COVID-19",
    "url": "https://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=3847",
    "is_first": false,
    "is_last": false,
    "notes": "NO PROJECTION GIVEN. The meeting was brought forward from April 2020 and stood in for the April policy; the MPC resolution (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49581) gives no number for 2020-21.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "719c6fdd69768ba3864c09052b54e8aa35c96f54a72a04a5ecde0c03013dbf4f"
   },
   {
    "fiscal_year": "2020-21",
    "statement": "Governor's Statement – May 22, 2020 (Monetary Policy Statement 2020-21, off-cycle)",
    "date": "2020-05-22",
    "measure": "GDP",
    "value": null,
    "value_text": "negative (no number)",
    "quote": "GDP growth in 2020-21 is estimated to remain in negative territory, with some pick-up in growth impulses from H2: 2020-21 onwards",
    "url": "https://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=3859",
    "is_first": false,
    "is_last": false,
    "notes": "NO NUMBER: the Governor's statement says only that growth will be negative. The MPC resolution (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49843) gives no annual figure.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "9b497534eb7f7924036ec866c7f442c5a38bac579080b773c2cdd9be1fcaf3f5"
   },
   {
    "fiscal_year": "2020-21",
    "statement": "Monetary Policy Statement, 2020-21 – Resolution of the MPC, August 4 to 6, 2020",
    "date": "2020-08-06",
    "measure": "GDP",
    "value": null,
    "value_text": "negative (no number)",
    "quote": "For the year 2020-21, as a whole, real GDP growth is expected to be negative.",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50175",
    "is_first": false,
    "is_last": false,
    "notes": "NO NUMBER: the resolution says only that growth will be negative.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "41b92201ab82023984969f98865d6bd304e78634938c90ae148a5bcd0bc97e02"
   },
   {
    "fiscal_year": "2020-21",
    "statement": "Monetary Policy Statement, 2020-21 – Resolution of the MPC, October 7 to 9, 2020",
    "date": "2020-10-09",
    "measure": "GDP",
    "value": -9.5,
    "quote": "real GDP growth in 2020-21 is expected to be negative at (-)9.5 per cent, with risks tilted to the downside",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50479",
    "is_first": false,
    "is_last": false,
    "notes": "First numeric projection after COVID.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "228c40379adf99e31a7d7238dc293f3fd784d28d138d318bcf7e3c0e02e14e6f"
   },
   {
    "fiscal_year": "2020-21",
    "statement": "Monetary Policy Statement, 2020-21 – Resolution of the MPC, December 2 to 4, 2020",
    "date": "2020-12-04",
    "measure": "GDP",
    "value": -7.5,
    "quote": "real GDP growth is projected at (-)7.5 per cent in 2020-21",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50747",
    "is_first": false,
    "is_last": true,
    "notes": "The Feb 5, 2021 resolution (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51077) gave no new 2020-21 projection; it cited the NSO first advance estimate of -7.7%.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "56883b096ca73018df731e88f5dfacbd19ffe80b8af1b90c7907392b785e7678"
   },
   {
    "fiscal_year": "2021-22",
    "statement": "Monetary Policy Statement, 2020-21 – Resolution of the MPC, February 3 to 5, 2021",
    "date": "2021-02-05",
    "measure": "GDP",
    "value": 10.5,
    "quote": "real GDP growth is projected at 10.5 per cent in 2021-22 – in the range of 26.2 to 8.3 per cent in H1 and 6.0 per cent in Q3",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51077",
    "is_first": true,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "ba1d619a6f3bbae4019d1077c7b20d671443bb857bbb34bbebb316f11b8f0242"
   },
   {
    "fiscal_year": "2021-22",
    "statement": "Resolution of the MPC, April 5 to 7, 2021 (First Bi-monthly Monetary Policy Statement 2021-22)",
    "date": "2021-04-07",
    "measure": "GDP",
    "value": 10.5,
    "quote": "the projection of real GDP growth for 2021-22 is retained at 10.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51381",
    "is_first": false,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "23cda9ba2bcca699265abd7ac9f02dd81b3fe7267e0c2967340bfe50a9d88f78"
   },
   {
    "fiscal_year": "2021-22",
    "statement": "Monetary Policy Statement, 2021-22 – Resolution of the MPC, June 2 to 4, 2021",
    "date": "2021-06-04",
    "measure": "GDP",
    "value": 9.5,
    "quote": "real GDP growth is now projected at 9.5 per cent in 2021-22",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51683",
    "is_first": false,
    "is_last": false,
    "notes": "Cut after the second COVID wave. The unscheduled Governor statement of May 5, 2021 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51526) gave no growth projection.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "ee338188f16dff0319384aeb7fb40aab09030811de0c5e57151d08959fb292da"
   },
   {
    "fiscal_year": "2021-22",
    "statement": "Monetary Policy Statement, 2021-22 – Resolution of the MPC, August 4 to 6, 2021",
    "date": "2021-08-06",
    "measure": "GDP",
    "value": 9.5,
    "quote": "projection for real GDP growth is retained at 9.5 per cent in 2021-22",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52011",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "a4abcf1a1063545979930a6572ab7f5b7d49e66a3137541d90105c5769c75bcf"
   },
   {
    "fiscal_year": "2021-22",
    "statement": "Monetary Policy Statement, 2021-22 – Resolution of the MPC, October 6 to 8, 2021",
    "date": "2021-10-08",
    "measure": "GDP",
    "value": 9.5,
    "quote": "projection for real GDP growth is retained at 9.5 per cent in 2021-22",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52366",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "e8a94e4f998e7cc76f6ae99adf2bb95489e55590bcc91a28c339c6450c984ae2"
   },
   {
    "fiscal_year": "2021-22",
    "statement": "Monetary Policy Statement, 2021-22 – Resolution of the MPC, December 6 to 8, 2021",
    "date": "2021-12-08",
    "measure": "GDP",
    "value": 9.5,
    "quote": "the projection for real GDP growth is retained at 9.5 per cent in 2021-22",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52687",
    "is_first": false,
    "is_last": true,
    "notes": "The Feb 10, 2022 resolution (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53247) gave no new 2021-22 projection; it cited the NSO first advance estimate of 9.2%.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "f9fd85e938df095f3ec5cd62508c176ed585d3afaff04f52d70f0d160f4265f6"
   },
   {
    "fiscal_year": "2022-23",
    "statement": "Monetary Policy Statement, 2021-22 – Resolution of the MPC, February 8 to 10, 2022",
    "date": "2022-02-10",
    "measure": "GDP",
    "value": 7.8,
    "quote": "the real GDP growth for 2022-23 is projected at 7.8 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53247",
    "is_first": true,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "6b2894dd240e176bc5fb952b4107ad9fc1c77afce8925b91eea2ff2f1b23e14e"
   },
   {
    "fiscal_year": "2022-23",
    "statement": "Monetary Policy Statement, 2022-23 – Resolution of the MPC, April 6 to 8, 2022",
    "date": "2022-04-08",
    "measure": "GDP",
    "value": 7.2,
    "quote": "the real GDP growth for 2022-23 is now projected at 7.2 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53537",
    "is_first": false,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "The off-cycle MPC meeting of May 2 and 4, 2022 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53652) gave no growth projection.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "02887d2962ace4daef041816084ba06dcb4c380da61e74c883e564a7d31ea3f6"
   },
   {
    "fiscal_year": "2022-23",
    "statement": "Monetary Policy Statement, 2022-23 – Resolution of the MPC, June 6 to 8, 2022",
    "date": "2022-06-08",
    "measure": "GDP",
    "value": 7.2,
    "quote": "the real GDP growth projection for 2022-23 is retained at 7.2 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53832",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "e03592ef55c7ed32eb1aa9b1d5a18e76ad5fc3d939c69d47b37b860008bc4a1d"
   },
   {
    "fiscal_year": "2022-23",
    "statement": "Monetary Policy Statement, 2022-23 – Resolution of the MPC, August 3 to 5, 2022",
    "date": "2022-08-05",
    "measure": "GDP",
    "value": 7.2,
    "quote": "the real GDP growth projection for 2022-23 is retained at 7.2 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=54148",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "e537a049eb1e3ea8efa65735855287b4f1461f055b1eafde9d917324cc88c6a2"
   },
   {
    "fiscal_year": "2022-23",
    "statement": "Monetary Policy Statement, 2022-23 – Resolution of the MPC, September 28 to 30, 2022",
    "date": "2022-09-30",
    "measure": "GDP",
    "value": 7.0,
    "quote": "real GDP growth for 2022-23 is projected at 7.0 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=54465",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "dc594e55b677b3d4810ce34e49deb685717abe30eba001f41d6be79918831674"
   },
   {
    "fiscal_year": "2022-23",
    "statement": "Monetary Policy Statement, 2022-23 – Resolution of the MPC, December 5 to 7, 2022",
    "date": "2022-12-07",
    "measure": "GDP",
    "value": 6.8,
    "quote": "the real GDP growth for 2022-23 is projected at 6.8 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=54818",
    "is_first": false,
    "is_last": true,
    "notes": "The Feb 8, 2023 resolution (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=55178) gave no new 2022-23 projection; it cited the NSO first advance estimate of 7.0%.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "6989cfd6d7d74b5f2f6c533ac830774697e10bfa9840d22b4c3eba7c4b643bfa"
   },
   {
    "fiscal_year": "2023-24",
    "statement": "Monetary Policy Statement, 2022-23 – Resolution of the MPC, February 6 to 8, 2023",
    "date": "2023-02-08",
    "measure": "GDP",
    "value": 6.4,
    "quote": "real GDP growth for 2023-24 is projected at 6.4 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=55178",
    "is_first": true,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "4b849a14d93cd62be723fb63359a3901a5528e977dbaa75f247552e9b419cbab"
   },
   {
    "fiscal_year": "2023-24",
    "statement": "Monetary Policy Statement, 2023-24 – Resolution of the MPC, April 3, 5 and 6, 2023",
    "date": "2023-04-06",
    "measure": "GDP",
    "value": 6.5,
    "quote": "real GDP growth for 2023-24 is projected at 6.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=55472",
    "is_first": false,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "920ed7b9cd4e3b9402233641f688202e3aac9994b4c15c1606d0cabda4b8928d"
   },
   {
    "fiscal_year": "2023-24",
    "statement": "Monetary Policy Statement, 2023-24 – Resolution of the MPC, June 6 to 8, 2023",
    "date": "2023-06-08",
    "measure": "GDP",
    "value": 6.5,
    "quote": "real GDP growth for 2023-24 is projected at 6.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=55814",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "17aa351c07f1ea9f67694d879681d6d0817510b19377d008337bcb073c78368f"
   },
   {
    "fiscal_year": "2023-24",
    "statement": "Monetary Policy Statement, 2023-24 – Resolution of the MPC, August 8 to 10, 2023",
    "date": "2023-08-10",
    "measure": "GDP",
    "value": 6.5,
    "quote": "real GDP growth for 2023-24 is projected at 6.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=56173",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "8f6b8b042031f8c255dd98f0abdeda2d5ae719b2c56b485991b29f543412dc94"
   },
   {
    "fiscal_year": "2023-24",
    "statement": "Monetary Policy Statement, 2023-24 – Resolution of the MPC, October 4 to 6, 2023",
    "date": "2023-10-06",
    "measure": "GDP",
    "value": 6.5,
    "quote": "real GDP growth for 2023-24 is projected at 6.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=56502",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "e61366a0a15bb196df27115fbd9f757aeb1ef68fc274f6a38d9e7cbbbea5012d"
   },
   {
    "fiscal_year": "2023-24",
    "statement": "Monetary Policy Statement, 2023-24 – Resolution of the MPC, December 6 to 8, 2023",
    "date": "2023-12-08",
    "measure": "GDP",
    "value": 7.0,
    "quote": "real GDP growth for 2023-24 is projected at 7.0 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=56888",
    "is_first": false,
    "is_last": true,
    "notes": "The Feb 8, 2024 resolution (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=57275) gave no new 2023-24 projection; it cited the NSO first advance estimate of 7.3%.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "ce5114124b79e302a635bac8b00600cc321cfbf97ef130fd94bcf1b643aa1b16"
   },
   {
    "fiscal_year": "2024-25",
    "statement": "Monetary Policy Statement, 2023-24 – Resolution of the MPC, February 6 to 8, 2024",
    "date": "2024-02-08",
    "measure": "GDP",
    "value": 7.0,
    "quote": "real GDP growth for 2024-25 is projected at 7.0 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=57275",
    "is_first": true,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "6a12234ba535595fd0bbf2b8302744c02ffc531dfd400fb139a3b8d6292c94c8"
   },
   {
    "fiscal_year": "2024-25",
    "statement": "Monetary Policy Statement, 2024-25 – Resolution of the MPC, April 3 to 5, 2024",
    "date": "2024-04-05",
    "measure": "GDP",
    "value": 7.0,
    "quote": "real GDP growth for 2024-25 is projected at 7.0 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=57637",
    "is_first": false,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "8243c10dbe5bf1e1a11cb5ca693c5248fa48389f50bb5e259a58696ef2227908"
   },
   {
    "fiscal_year": "2024-25",
    "statement": "Monetary Policy Statement, 2024-25 – Resolution of the MPC, June 5 to 7, 2024",
    "date": "2024-06-07",
    "measure": "GDP",
    "value": 7.2,
    "quote": "real GDP growth for 2024-25 is projected at 7.2 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=58050",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "e9d92aa449498c8c0e869ad3f18966b2ea6ffec8d88ae4f54254145bf8ce00d6"
   },
   {
    "fiscal_year": "2024-25",
    "statement": "Monetary Policy Statement, 2024-25 – Resolution of the MPC, August 6 to 8, 2024",
    "date": "2024-08-08",
    "measure": "GDP",
    "value": 7.2,
    "quote": "real GDP growth for 2024-25 is projected at 7.2 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=58447",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "eb9b30f62b3e895b9d210f94a7292c9dc6eea56268e583ce204f158526c12934"
   },
   {
    "fiscal_year": "2024-25",
    "statement": "Monetary Policy Statement, 2024-25 – Resolution of the MPC, October 7 to 9, 2024",
    "date": "2024-10-09",
    "measure": "GDP",
    "value": 7.2,
    "quote": "real GDP growth for 2024-25 is projected at 7.2 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=58850",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "4d1a604526328f6808888733fdbf875d369e9f44d828d90adfae2e30c1d4f89a"
   },
   {
    "fiscal_year": "2024-25",
    "statement": "Monetary Policy Statement, 2024-25 – Resolution of the MPC, December 4 to 6, 2024",
    "date": "2024-12-06",
    "measure": "GDP",
    "value": 6.6,
    "quote": "real GDP growth for 2024-25 is projected at 6.6 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=59244",
    "is_first": false,
    "is_last": true,
    "notes": "The Feb 7, 2025 resolution (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=59692) gave no new 2024-25 projection; it cited the NSO first advance estimate of 6.4%.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "d9e8c963256ac7e328e7755779e3c974f32c8f181d65055696daa4f1910a4138"
   },
   {
    "fiscal_year": "2025-26",
    "statement": "Monetary Policy Statement, 2024-25 – Resolution of the MPC, February 5 to 7, 2025",
    "date": "2025-02-07",
    "measure": "GDP",
    "value": 6.7,
    "quote": "real GDP growth for 2025-26 is projected at 6.7 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=59692",
    "is_first": true,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "ef415ef4aee868920a65560b7b37f0f934525217dbe2f94c1c815cc7822c335f"
   },
   {
    "fiscal_year": "2025-26",
    "statement": "Monetary Policy Statement, 2025-26 – Resolution of the MPC, April 7 to 9, 2025",
    "date": "2025-04-09",
    "measure": "GDP",
    "value": 6.5,
    "quote": "real GDP growth for 2025-26 is now projected at 6.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60176",
    "is_first": false,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "a69297ce25b34853b8fa761d389720be1c28e557f1d59f22b4893838f1519ab8"
   },
   {
    "fiscal_year": "2025-26",
    "statement": "Monetary Policy Statement, 2025-26 – Resolution of the MPC, June 4 to 6, 2025",
    "date": "2025-06-06",
    "measure": "GDP",
    "value": 6.5,
    "quote": "real GDP growth for 2025-26 is projected at 6.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60604",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "87630c9166dea21106bf80168069d23204209b66f8f01928d718aeb0fc45e362"
   },
   {
    "fiscal_year": "2025-26",
    "statement": "Monetary Policy Statement, 2025-26 – Resolution of the MPC, August 4 to 6, 2025",
    "date": "2025-08-06",
    "measure": "GDP",
    "value": 6.5,
    "quote": "projection for real GDP growth for 2025-26 has been retained at 6.5 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60957",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "b11a65c69d96751020824d7239e6526bbeb2e58a5571a8ccdba201d1b07e1fd1"
   },
   {
    "fiscal_year": "2025-26",
    "statement": "Monetary Policy Statement, 2025-26 – Resolution of the MPC, September 29 to October 1, 2025",
    "date": "2025-10-01",
    "measure": "GDP",
    "value": 6.8,
    "quote": "real GDP growth for 2025-26 is now projected at 6.8 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=61332",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "0b067e641c85e5bbf0171ff3fc9fab3dd95ba46a3a0bca7b333a3263a627d020"
   },
   {
    "fiscal_year": "2025-26",
    "statement": "Monetary Policy Statement, 2025-26 – Resolution of the MPC, December 3 to 5, 2025",
    "date": "2025-12-05",
    "measure": "GDP",
    "value": 7.3,
    "quote": "real GDP growth for 2025-26 is projected at 7.3 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=61749",
    "is_first": false,
    "is_last": true,
    "notes": "Made on the old (2011-12 base) series. The Feb 6, 2026 resolution (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62169) gave no new 2025-26 projection; it cited the NSO first advance estimate of 7.4%. The new GDP series (base 2022-23) came out on Feb 27, 2026.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "41bdfa16eac40b8e738f187b1d8635c21642e4567da90bcb5573091a02aec2be"
   },
   {
    "fiscal_year": "2026-27",
    "statement": "Monetary Policy Statement, 2025-26 – Resolution of the MPC, February 4 to 6, 2026",
    "date": "2026-02-06",
    "measure": "GDP",
    "value": null,
    "value_text": "no full-year figure; Q1 6.9, Q2 7.0",
    "quote": "real GDP growth projections for Q1:2026-27 and Q2 are revised upwards to 6.9 per cent and 7.0 per cent, respectively",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62169",
    "is_first": false,
    "is_last": false,
    "notes": "NO FULL-YEAR PROJECTION. Footnote 1: 'Projections for full year 2026-27 will be set out in the Monetary Policy Resolution to be announced in April 2026 after incorporating the new GDP and CPI series'. The Dec 2025 resolution had given Q1:2026-27 at 6.7% and Q2 at 6.8%.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "26e70a566d6e21d3e2f177dc1444f28e66e616eda67a111bca264f7fe0688c05"
   },
   {
    "fiscal_year": "2026-27",
    "statement": "Monetary Policy Statement, 2026-27 – Resolution of the MPC, April 6 to 8, 2026",
    "date": "2026-04-08",
    "measure": "GDP",
    "value": 6.9,
    "quote": "real GDP growth for 2026-27 is projected at 6.9 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62514",
    "is_first": true,
    "is_last": false,
    "is_first_april_policy": true,
    "notes": "First full-year projection, on the new GDP series (base year 2022-23). The text adds the condition 'on the assumption that the adverse impact of the conflict would remain contained in the near term'.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "136eb884832612ba3c47703161fc69a3cb3b8895caf1616a9d0201bf2a646b59"
   },
   {
    "fiscal_year": "2026-27",
    "statement": "Monetary Policy Statement, 2026-27 – Resolution of the MPC, June 3 to 5, 2026",
    "date": "2026-06-05",
    "measure": "GDP",
    "value": 6.6,
    "quote": "real GDP growth for 2026-27 is projected at 6.6 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62863",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "bf40888b12e7accee51c6baa67d325595b0282aa30c24006441c3f4522db65be"
   },
   {
    "fiscal_year": "2026-27",
    "statement": "Monetary Policy Statement, 2026-27 – Resolution of the MPC, August 3 to 5, 2026",
    "date": "2026-08-05",
    "measure": "GDP",
    "value": 6.7,
    "quote": "real GDP growth for 2026-27 is projected at 6.7 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=63287",
    "is_first": false,
    "is_last": false,
    "notes": "",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "3f99644dc4818e1a0344a02e4ca495a480135b71cbe85f8a7eee7acc19fd63f5"
   },
   {
    "fiscal_year": "2026-27",
    "statement": "Monetary Policy Statement, 2026-27 – Resolution of the MPC, October 5 to 7, 2026",
    "date": "2026-10-07",
    "measure": "GDP",
    "value": 7.1,
    "quote": "real GDP growth for 2026-27 is projected at 7.1 per cent",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=63742",
    "is_first": false,
    "is_last": false,
    "is_latest_available": true,
    "notes": "The year is still running (as of 2026-10-30). This is the latest projection, not the final one, so is_last=false. The December 2026 and February 2027 meetings have not happened yet.",
    "source": "Reserve Bank of India, monetary policy statements",
    "sha256": "705cb95e458f6f78540a6058e1e9e84199ece1b92844ad281eaf35c72e6f8652"
   }
  ]
 },
 "source_problems": [
  "nas/2011-12/Current/Annually/ind19: row with year '1999' left out (not a fiscal year): Gross National Disposable Income First Advance Estimates 36204793"
 ],
 "duplicate_rows": [
  "2011-12 series, 2012-13, gva_growth, ADD, agriculture, crops: published twice with different real growth (0.1 and 0.2); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, agriculture, forestry_and_logging: published twice with different real growth (0.2 and 0.3); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, agriculture: published twice with different real growth (1.4 and 1.5); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, construction: published twice with different real growth (0.3 and 0.5); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, construction: published twice with different real growth (0.3 and 0.6); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, financial: published twice with different real growth (10.3 and 9.6); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, manufacturing, food_products_beverages_and_tobacco: published twice with different real growth (-6.3 and -7.7); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, manufacturing, machinery_and_equipment: published twice with different real growth (2.9 and 3); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, manufacturing, machinery_and_equipment: published twice with different real growth (2.9 and 3.3); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, manufacturing, metal_products: published twice with different real growth (1.5 and 1.7); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, manufacturing, metal_products: published twice with different real growth (1.5 and 3.8); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, manufacturing, other_manufactured_goods: published twice with different real growth (8.7 and 9.5); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, manufacturing, other_manufactured_goods: published twice with different real growth (8.7 and 9.9); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, manufacturing, textiles_apparel_and_leather_products: published twice with different real growth (15.7 and 19.6); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, manufacturing, textiles_apparel_and_leather_products: published twice with different real growth (15.7 and 19.7); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, manufacturing: published twice with different real growth (5.4 and 5.8); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, manufacturing: published twice with different real growth (5.4 and 6); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, mining: published twice with different real growth (-0.5 and 0.6); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, other_services: published twice with different real growth (6.2 and 6.3); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, public_admin: published twice with different real growth (1.6 and 2); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, total: published twice with different nominal growth (13.5 and 13.6); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, trade_hotels, hotels__restaurants: published twice with different real growth (3.2 and 3.3); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, trade_hotels, trade__repair_services: published twice with different real growth (11.8 and 11.9); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, trade_hotels: published twice with different real growth (10.9 and 11); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, transport_comm, air_transport: published twice with different real growth (-4.7 and -7); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, transport_comm, railways: published twice with different real growth (12.7 and 12.8); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, transport_comm, railways: published twice with different real growth (12.7 and 13.1); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, transport_comm, services_incidental_to_transport: published twice with different real growth (4.4 and 4.5); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, transport_comm, storage: published twice with different real growth (11.7 and 11.8); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, transport_comm, storage: published twice with different real growth (11.7 and 11.9); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, transport_comm, water_transport: published twice with different real growth (2 and 2.1); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, utilities: published twice with different real growth (2.5 and 2.6); neither is used",
  "2011-12 series, 2012-13, gva_growth, ADD, utilities: published twice with different real growth (2.5 and 2.8); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, agriculture, crops: published twice with different real growth (4.2 and 5.3); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, agriculture, crops: published twice with different real growth (4.2 and 5.4); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, agriculture, fishing_and_aquaculture: published twice with different real growth (7.1 and 7.6); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, agriculture, forestry_and_logging: published twice with different real growth (-1.5 and 5.8); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, agriculture, forestry_and_logging: published twice with different real growth (-1.5 and 5.9); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, agriculture, livestock: published twice with different real growth (5.5 and 5.6); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, agriculture: published twice with different real growth (4.2 and 5.5); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, construction: published twice with different real growth (2.6 and 3); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, construction: published twice with different real growth (2.6 and 4.6); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, financial: published twice with different real growth (4.8 and 9); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, financial: published twice with different real growth (4.8 and 9.2); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing, food_products_beverages_and_tobacco: published twice with different real growth (-0.1 and -0.2); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing, food_products_beverages_and_tobacco: published twice with different real growth (-0.1 and -0.6); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing, machinery_and_equipment: published twice with different real growth (-5.9 and -6.2); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing, machinery_and_equipment: published twice with different real growth (-5.9 and -8.2); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing, metal_products: published twice with different real growth (16.2 and 16.3); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing, metal_products: published twice with different real growth (16.2 and 26.2); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing, other_manufactured_goods: published twice with different real growth (1.9 and 2.8); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing, other_manufactured_goods: published twice with different real growth (1.9 and 3.1); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing, textiles_apparel_and_leather_products: published twice with different real growth (21.9 and 22.4); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing, textiles_apparel_and_leather_products: published twice with different real growth (21.9 and 23.6); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing: published twice with different real growth (4.9 and 5); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, manufacturing: published twice with different real growth (4.9 and 5.6); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, mining: published twice with different real growth (0.1 and 3); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, mining: published twice with different real growth (0.1 and 3.1); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, other_services: published twice with different real growth (5.6 and 5.7); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, public_admin: published twice with different real growth (1.7 and 3.2); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, real_estate: published twice with different real growth (11.8 and 12.1); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, real_estate: published twice with different real growth (11.8 and 12.5); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, total: published twice with different nominal growth (12.6 and 12.7); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, total: published twice with different real growth (6 and 6.2); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, total: published twice with different real growth (6 and 6.3); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, trade_hotels, hotels__restaurants: published twice with different real growth (-0.4 and 0); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, trade_hotels, hotels__restaurants: published twice with different real growth (-0.4 and 2.4); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, trade_hotels, trade__repair_services: published twice with different real growth (5.9 and 6.4); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, trade_hotels, trade__repair_services: published twice with different real growth (5.9 and 7.7); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, trade_hotels: published twice with different real growth (5.3 and 5.8); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, trade_hotels: published twice with different real growth (5.3 and 7.2); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, transport_comm, communication__services_related_to_broadcasting: published twice with different real growth (15.9 and 16); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, transport_comm, communication__services_related_to_broadcasting: published twice with different real growth (15.9 and 18); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, transport_comm, railways: published twice with different real growth (6 and 6.5); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, transport_comm, road_transport: published twice with different real growth (6.2 and 6.4); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, transport_comm, services_incidental_to_transport: published twice with different real growth (5 and 5.5); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, transport_comm, storage: published twice with different real growth (-7.9 and -8.8); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, transport_comm, storage: published twice with different real growth (-7.9 and -9); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, transport_comm, water_transport: published twice with different real growth (4.1 and 4.2); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, transport_comm: published twice with different real growth (8.3 and 8.4); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, transport_comm: published twice with different real growth (8.3 and 8.7); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, utilities: published twice with different real growth (4 and 4.1); neither is used",
  "2011-12 series, 2013-14, gva_growth, ADD, utilities: published twice with different real growth (4 and 4.7); neither is used"
 ]
}