Quarter by quarter

MoSPI estimates GDP for each quarter about two months after it ends. Growth is compared with the same quarter a year earlier. Quarters run April–June (Q1), July–September (Q2), October–December (Q3) and January–March (Q4).

Real growth, 2026-27 Q1
7.8%
nominal 10.3%; previous quarter 8.6%
GDP in 2026-27 Q1
₹88.3 lakh crore
current prices, new series

Real GDP growth by quarter

On the same quarter a year earlier, latest estimate. The two series overlap from 2023-24.

  • 2011-12 base
  • 2022-23 base (new series)
−40%−20%0%20%40%2014-15 Q42018-19 Q32022-23 Q22026-27 Q1Lockdown−40%−20%0%20%40%2012-13 Q12013-14 Q42015-16 Q32017-18 Q22019-20 Q12020-21 Q42022-23 Q32024-25 Q22026-27 Q1Lockdown
Show as table
Year2011-12 base2022-23 base (new series)
2012-13 Q14.8% (Latest)–
2012-13 Q27.4% (Latest)–
2012-13 Q35.3% (Latest)–
2012-13 Q44.2% (Latest)–
2013-14 Q16.4% (Latest)–
2013-14 Q27.3% (Latest)–
2013-14 Q36.5% (Latest)–
2013-14 Q45.3% (Latest)–
2014-15 Q18.0% (Latest)–
2014-15 Q28.7% (Latest)–
2014-15 Q35.9% (Latest)–
2014-15 Q47.1% (Latest)–
2015-16 Q17.5% (Latest)–
2015-16 Q28.0% (Latest)–
2015-16 Q37.1% (Latest)–
2015-16 Q49.0% (Latest)–
2016-17 Q18.6% (Latest)–
2016-17 Q29.6% (Latest)–
2016-17 Q38.5% (Latest)–
2016-17 Q46.2% (Latest)–
2017-18 Q16.1% (Latest)–
2017-18 Q25.3% (Latest)–
2017-18 Q36.6% (Latest)–
2017-18 Q48.9% (Latest)–
2018-19 Q17.4% (Latest)–
2018-19 Q26.4% (Latest)–
2018-19 Q36.2% (Latest)–
2018-19 Q45.7% (Latest)–
2019-20 Q15.0% (Latest)–
2019-20 Q24.2% (Latest)–
2019-20 Q33.2% (Latest)–
2019-20 Q42.9% (Latest)–
2020-21 Q1−23.1% (Latest)–
2020-21 Q2−5.8% (Latest)–
2020-21 Q31.7% (Latest)–
2020-21 Q43.2% (Latest)–
2021-22 Q122.6% (Latest)–
2021-22 Q29.8% (Latest)–
2021-22 Q35.5% (Latest)–
2021-22 Q44.4% (Latest)–
2022-23 Q113.4% (Latest)–
2022-23 Q25.9% (Latest)–
2022-23 Q34.8% (Latest)–
2022-23 Q46.8% (Latest)–
2023-24 Q19.6% (Latest)6.6% (Latest)
2023-24 Q29.3% (Latest)7.5% (Latest)
2023-24 Q39.5% (Latest)7.7% (Latest)
2023-24 Q48.3% (Latest)7.4% (Latest)
2024-25 Q16.5% (Latest)7.5% (Latest)
2024-25 Q25.6% (Latest)7.3% (Latest)
2024-25 Q36.3% (Latest)7.4% (Latest)
2024-25 Q47.3% (Latest)6.6% (Latest)
2025-26 Q17.8% (Latest)6.9% (Latest)
2025-26 Q28.2% (Latest)8.1% (Latest)
2025-26 Q3–7.7% (Latest)
2025-26 Q4–8.6% (Latest)
2026-27 Q1–7.8% (Latest)

MoSPI quarterly GDP estimates, growth rates as published. MoSPI keeps only the latest estimate for each quarter.

By sector, 2026-27 Q1

Real GVA growth on the same quarter a year earlier, new 2022-23 series.

  1. Finance & real estate12.1%
  2. Manufacturing9.2%
  3. Utilities8.9%
  4. Trade, hotels & transport8.5%
  5. Construction7.7%
  6. Public admin & other services7.5%
  7. Agriculture3.6%
  8. Mining−2.4%

MoSPI quarterly estimates, GVA growth at constant prices, as published.