India's real GDP growth in Q1 of FY 2025-26 accelerated to 7.8 per cent, up from 6.5 per cent recorded in Q1 of FY 2024-25.

Governments use nominal GDP to calculate tax revenues, as many tax systems are based on a percentage of economic output. Since taxes are collected in current prices, nominal GDP is directly ...

There are two actually measured variables: nominal GDP and GDP deflator (price index). Real GDP is estimated using nominal GDP less the change in prices.