UPSC Prelims Practice Questions — New GDP series upgrades FY26 growth to 7.6%
Q1. According to the new series of GDP estimates with base year 2022-23 released by MoSPI in February 2026, which one of the following sectors recorded the highest (double-digit) real growth in FY 2025-26 and was identified as the major driver of overall growth?
- A. Agriculture, livestock, forestry and fishing
- B. Manufacturing
- C. Construction
- D. Financial, real estate and professional services
Q2. With reference to the new series of GDP estimates with base year 2022-23, consider the following data sources/surveys:
1. MCA-21 corporate filings database
2. Annual Survey of Unincorporated Sector Enterprises (ASUSE)
3. Periodic Labour Force Survey (PLFS)
4. National Family Health Survey (NFHS-6)
Which of the above are correctly identified as data sources explicitly utilised in compiling the new series?
- MCA-21 corporate filings database
- Annual Survey of Unincorporated Sector Enterprises (ASUSE)
- Periodic Labour Force Survey (PLFS)
- National Family Health Survey (NFHS-6)
- A. 1, 2 and 3 only
- B. 2 and 4 only
- C. 1 and 3 only
- D. 1, 2, 3 and 4
Q3. In the context of the new GDP series with base year 2022-23, the 'Proportional Denton method' is best described as:
- A. A double-deflation procedure used to estimate real value added in the manufacturing sector
- B. A benchmarking technique used to derive quarterly GDP estimates so that they remain consistent with annual totals while avoiding artificial discontinuities
- C. A statistical method to impute the output of the informal household sector using ASUSE and PLFS
- D. A chain-weighting technique for combining sectoral GVA into headline GDP at constant prices
Q4. With reference to the new series of GDP estimates released by the National Statistical Office in February 2026, consider the following statements regarding its methodological changes:
1. The base year has been shifted from 2011-12 to 2022-23.
2. Single deflation has been completely done away with.
3. Quarterly GDP is now benchmarked using the Pro-Rata method, replacing the earlier Proportional Denton method.
4. Double deflation is being applied in the manufacturing and agriculture industries.
Which of the above is/are NOT correct?
- The base year has been shifted from 2011-12 to 2022-23.
- Single deflation has been completely done away with.
- Quarterly GDP is now benchmarked using the Pro-Rata method, replacing the earlier Proportional Denton method.
- Double deflation is being applied in the manufacturing and agriculture industries.
- A. 1 only
- B. 3 only
- C. 2 and 4 only
- D. 1 and 3 only
Q5. With reference to the new GDP series (base year 2022-23) released in February 2026 in comparison with the previous series (base year 2011-12), consider the following statements:
1. The new series shifts the base year forward by eleven years, replacing a benchmark that had been in use for over a decade.
2. Under the new series, real GDP growth for FY 2024-25 has been revised upward relative to the estimate under the old series.
3. Unlike the old series, the new series has discarded the System of National Accounts (SNA) 2008 framework altogether.
Which of the statements given above is/are correct?
- The new series shifts the base year forward by eleven years, replacing a benchmark that had been in use for over a decade.
- Under the new series, real GDP growth for FY 2024-25 has been revised upward relative to the estimate under the old series.
- Unlike the old series, the new series has discarded the System of National Accounts (SNA) 2008 framework altogether.
- A. 1 only
- B. 1 and 2 only
- C. 2 and 3 only
- D. 1, 2 and 3