National accounts · fiscal years · a stronger economy

Economy &
Development

India's national economic record, read alongside each Prime Ministerial term — without turning correlation into proof. Real GDP series, full financial-year boundaries and the policy context behind them, all traced to official sources.

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Fiscal-year milestones

Illustration of founder Rahul Gautam presenting India's economic record — “An economy is a promise made to the future — every reform, every rupee of growth, only matters if it reaches the people it was meant for.” — Rahul Gautam

AgricultureProduction, reform and rural livelihoods. Economic SurveyOfficial annual context and data tables. SustainabilityGrowth alongside environmental cost.

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Find a term by Prime Minister, reform, or event.

Direct official records are provided with each published term.

Reading glossaryUnderstand GDP, GVA and base-year terms →Test your knowledgeTake a short source-linked challenge →

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Begin with an economic question

Each path opens relevant Prime Ministerial terms and explains what changed, why it matters and where to read the official record.

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Prime Ministerial term explorer

Showing all curated terms.

Source standard GDP is reported by financial year; terms begin and end on particular dates. No single number is treated as a verdict on a term.

Understand the record

How to read a Prime Ministerial economic record

Use real growth for comparison

Nominal GDP rises with prices as well as output. Any cross-term comparison should prioritise constant-price output or published real-GDP growth, with a stated base year.

Use full financial years

A financial year is attributed to a term only where the entire year sits within that term. Partial opening or closing years are shown separately, never silently credited or debited.

Keep revisions visible

National accounts are rebased and revised over time. Source edition, release date, price basis and coverage travel with every published value.

Read policy beside data

Policy is made by Parliament, ministries, states, regulators and citizens across years. The record shows chronology; it does not turn correlation into proof.

Reading glossary

Terms used on this page

GDP (Gross Domestic Product)

The total value of goods and services produced within India in a given period, at either current (nominal) or constant (real) prices.

GVA (Gross Value Added)

Output measured before adding taxes and subtracting subsidies on products; often used alongside GDP in national accounts.

Base year

The reference year against which constant-price (real) growth is measured. Revising the base year can change historical comparisons.

Fiscal year (FY)

India's financial year runs 1 April to 31 March; PM terms rarely align exactly with fiscal-year boundaries.

Current vs. constant prices

Current-price (nominal) figures include inflation; constant-price (real) figures remove it to allow comparison across years.

Balance of payments (BoP)

A record of a country's transactions with the rest of the world; a 1991 BoP crisis triggered India's liberalisation reforms.

Continue with primary sources

Official economic records

Use these services to verify a figure, retrieve the full publication and read the underlying methodology.

MoSPI — National Accounts Statistics 2025Official GDP, GVA and expenditure estimates → RBI Handbook of StatisticsHistorical macroeconomic tables and series → Economic Survey archiveAnnual official narrative context, since 1957–58 →

Officeholder verification

Term dates & legislative record

Officeholder dates and legislative context should always be checked against the primary record.

PMIndia — former Prime MinistersOfficial list and tenure dates → Digital SansadParliamentary records → Press Information BureauOfficial government releases →

Economy &Development