The government announced a change in the release date for the provisional estimates of annual GDP and quarterly GDP for the fourth quarter to June 7 each year. This adjustment aims to enhance the quality and reliability of data used in national accounts compilation, aligning with global best practices. The decision follows consultations with the Advisory Committee on National Accounts Statistics to ensure data accuracy.
The revision in the release schedule addresses delays in critical datasets, which are often available only after a two-month lag. Notably, listed companies typically file audited Q4 and annual financial results 60 days after the financial year ends, leading to a rush of submissions close to the May 31 deadline. Additionally, key fiscal data related to Central Government Accounts for March becomes finalized with a two-month delay.
The Ministry stated that the Press Note on Provisional Estimates of GDP for FY 2025-26 and Quarterly Estimates for the Fourth Quarter of 2025-26 will be released on June 5, 2026. Meanwhile, the Reserve Bank of India projected India’s real GDP growth at 7.6% for FY26 under a new GDP series, highlighting potential risks from geopolitical disruptions. RBI Governor Sanjay Malhotra indicated a growth rate of 6.9% for FY27, reflecting emerging external risks and cost pressures.
