GDP at current prices
GDP = Gross Domestic Product- How often
- Every yearWith the annual estimates
- Next release
- Thu 7 JanIn 56 days · 4:00 PM
2025-26, up from ₹317.99 lakh cr in 2024-25.
Events on this chart
Source: NSO, MoSPI, released 31 Aug 2026 · Chart: Clarity UPSC
- Previous
- ₹317.99 lakh cr2024-25
- Highest
- ₹345.37 lakh cr2025-26
- Lowest
- ₹261.77 lakh cr2022-23
4 readings since 2022-23.
Story
The size of the economy in today's rupees.
What is happening now As of 2025-26
Nominal Gross Domestic Product (GDP) for 2025-26 was ₹345.37 lakh crore, 8.6% more than in 2024-25, when it had grown 9.4%. The National Statistics Office (NSO) gave this provisional estimate in the National Accounts Statistics 2026 on 31 August 2026, lowering it from ₹346.36 lakh crore. The NSO says the revisions in value added at current prices came mainly from updated estimates for government and departmental enterprises.
Real GDP grew 7.8% in 2025-26, so the prices of everything produced rose by less than 1% on average. In April–June 2026, the first quarter of 2026-27, nominal GDP was ₹88.27 lakh crore, 10.3% more than a year earlier.
Why it matters
Nominal Gross Domestic Product (GDP) is the size of the economy in rupees, and many public numbers are measured against it. The fiscal deficit, government debt and tax collections are quoted as shares of nominal GDP. If nominal GDP grows more slowly than the Budget assumed, the same deficit in rupees becomes a larger share of the economy.
Taxes are paid on incomes and sales in rupees, so tax revenue tends to move with nominal GDP rather than real GDP. Nominal growth is low when real growth or inflation is low, and then government revenue grows slowly even if output is rising.
What it is
Gross Domestic Product (GDP) at current prices values all final goods and services produced in India in a financial year at that year's own prices. It is the size of the economy in rupees, shown in lakh crore; ₹1 lakh crore is ₹1 trillion.
The National Statistics Office (NSO) estimates it alongside real GDP, in the same stages: advance, provisional, revised and final. Since 27 February 2026 the series uses base year 2022-23, the year in which nominal and real GDP are equal.
Nominal GDP rises with both output and prices. The gap between nominal and real growth is roughly the change in the GDP deflator, the price level of everything produced. Deficits, government debt and taxes are read as shares of nominal GDP, so a change in its level changes those ratios.
Read this number
- The publisher
- The National Statistics Office is the statistics arm of the Ministry of Statistics and Programme Implementation. It compiles GDP, CPI, IIP and the labour force survey.
Terms on this page (5)
- CSO
- Central Statistics Office
- GST
- Goods and Services Tax
- GVA
- Gross Value Added
- IIP
- Index of Industrial Production
- NSO
- National Statistics Office
History
- 1956The Central Statistics Office (CSO) publishes the first official national income estimates, with base year 1948-49.
- 30 Jan 2015Base revised to 2011-12; Gross Domestic Product (GDP) at market prices becomes the headline GDP.
- 27 Feb 2026Base revised to 2022-23. The new series put 2022-23 GDP 2.9% below the old series, with the largest cut in trade, hotels, transport and communication, where household enterprises are now measured directly from annual surveys.
- 31 Aug 2026National Accounts Statistics 2026 revises the levels with the new Producer Price Index, the Index of Industrial Production (IIP) with base 2022-23 and updated government data.
Readings
| Period | Value | Status | Released |
|---|---|---|---|
| 2025-26 | ₹345.37 lakh crrevised from ₹346.36 lakh cr | Provisional | 31 Aug 2026 |
| 2024-25 | ₹317.99 lakh crrevised from ₹318.07 lakh cr | Revised | 31 Aug 2026 |
| 2023-24 | ₹290.73 lakh crrevised from ₹289.84 lakh cr | Final | 31 Aug 2026 |
| 2022-23 | ₹261.77 lakh crrevised from ₹261.18 lakh cr | Final | 31 Aug 2026 |
For UPSC
Know that Gross Domestic Product (GDP) at market prices = Gross Value Added (GVA) at basic prices + product taxes − product subsidies, why nominal GDP is the denominator for deficit and debt ratios, and that the 2022-23 base lowered the level of GDP.