GVA growth
GVA = Gross Value Added- How often
- Every quarterWith GDP
- Next release
- Mon 30 NovIn 18 days · 4:00 PM
April–June 2026, down from 8.7% in January–March 2026.
Events on this chart
Source: NSO, MoSPI, released 31 Aug 2026 · Chart: Clarity UPSC
- Previous
- 8.7%Q4 2025-26 (Jan–Mar 2026)
- Highest
- 21.3%Q1 2021-22 (Apr–Jun 2021)
- Lowest
- −20.8%Q1 2020-21 (Apr–Jun 2020)
Higher than 82% of the 57 readings since Q1 2012-13 (Apr–Jun 2012).
Story
Growth of output by producers, before product taxes and subsidies. Gross Domestic Product (GDP) equals Gross Value Added (GVA) plus taxes minus subsidies on products.
What is happening now As of Q1 2026-27 (Apr–Jun 2026)
Real Gross Value Added (GVA) grew 8.2% in April–June 2026, against 7.0% a year earlier. The National Statistics Office (NSO) says the tertiary sector, mostly services, lifted the economy: it grew 10.0%, led by financial, real estate, information technology and professional services at 12.1%. The secondary sector grew 8.6%, with manufacturing at 9.2%, electricity and other utilities at 8.9% and construction at 7.7%.
The primary sector grew 2.9%: agriculture and allied activities grew 3.6%, but mining and quarrying fell 2.4%. GVA grew faster than Gross Domestic Product (GDP), which rose 7.8%, because net taxes on products rose only 3.9%.
Why it matters
Gross Value Added (GVA) shows where growth comes from: farms, mines, factories, builders or service firms. Gross Domestic Product (GDP) also counts net taxes on products, so a jump in tax collections can lift GDP without any extra production. GVA leaves taxes out and shows what producers themselves added.
The sector split tells policy makers which part of the economy needs attention. Slow growth in agriculture means slower income growth for the many households that farm; fast growth in manufacturing or construction shows where jobs and investment are moving. The Reserve Bank of India (RBI) discusses the sector figures in its policy statements.
What it is
Gross Value Added (GVA) is the value of what producers make minus the inputs they use up, such as raw materials, fuel and bought-in services. Adding it across farms, mines, factories, builders and service firms gives the economy's output by industry.
GVA is valued at basic prices: what the producer receives, without taxes on products and including subsidies on products. Gross Domestic Product (GDP) adds taxes on products, such as the Goods and Services Tax (GST), and subtracts subsidies on products. The National Statistics Office (NSO) reports real GVA at 2022-23 prices for eight industry groups.
GVA shows which industries drive growth. GDP growth can differ from GVA growth when net product taxes grow faster or slower than output.
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)
- GDP
- Gross Domestic Product
- GST
- Goods and Services Tax
- NSO
- National Statistics Office
- RBI
- Reserve Bank of India
- WPI
- Wholesale Price Index
History
- 30 Jun 1999Quarterly estimates of Gross Domestic Product (GDP) and its parts begin, starting with January–March 1999.
- 30 Jan 2015With base 2011-12, Gross Value Added (GVA) at basic prices replaces GDP at factor cost as the industry measure.
- 27 Feb 2026Base revised to 2022-23. Real GVA in manufacturing and agriculture is measured by double deflation: output and inputs are deflated separately.
- 31 Aug 2026The new Producer Price Index replaces the Wholesale Price Index (WPI) as the deflator in manufacturing and trade, revising real GVA.
Readings
| Period | Value | Status | Released |
|---|---|---|---|
| Q1 2026-27 (Apr–Jun 2026) | 8.2% | Provisional | 31 Aug 2026 |
| Q4 2025-26 (Jan–Mar 2026) | 8.7%revised from 7.9% | Revised | 31 Aug 2026 |
| Q3 2025-26 (Oct–Dec 2025) | 7.6%revised from 8.0% | Revised | 31 Aug 2026 |
| Q2 2025-26 (Jul–Sep 2025) | 8.3%revised from 8.6% | Revised | 31 Aug 2026 |
| Q1 2025-26 (Apr–Jun 2025) | 7.0%revised from 7.1% | Revised | 31 Aug 2026 |
| Q4 2024-25 (Jan–Mar 2025) | 6.6%revised from 7.1% | Revised | 31 Aug 2026 |
| Q3 2024-25 (Oct–Dec 2024) | 7.6%revised from 7.8% | Revised | 31 Aug 2026 |
| Q2 2024-25 (Jul–Sep 2024) | 7.0%revised from 6.5% | Revised | 31 Aug 2026 |
| Q1 2024-25 (Apr–Jun 2024) | 7.5%revised from 7.6% | Revised | 31 Aug 2026 |
| Q4 2023-24 (Jan–Mar 2024) | 7.5%revised from 7.6% | Revised | 31 Aug 2026 |
| Q3 2023-24 (Oct–Dec 2023) | 7.4%revised from 6.7% | Revised | 31 Aug 2026 |
| Q2 2023-24 (Jul–Sep 2023) | 7.9% | Revised | 27 Feb 2026 |
For UPSC
Know the identity Gross Domestic Product (GDP) = Gross Value Added (GVA) + product taxes − product subsidies, the eight industry groups under the primary, secondary and tertiary sectors, and that GVA at basic prices replaced factor cost in January 2015.