India revises its GDP calculations for the first time since 2015, showing the economy is smaller than previously thought but growing faster than expected.

The nationalist narrative that dominated public discourse over the past year had been overstating the scale of India’s economic progress. Of particular concern is uneven and inequitable growth.

India has been holding tight to its position as the fastest-growing large economy since 2021. With annual growth of more than 6 or 7 percent, it doubles in size every decade, while Germany, Japan and most other rich countries struggle to hit yearly growth of 2 percent.

NEW DELHI, March 13 (Reuters) - India has proposed an 'economic stabilisation fund' to provide fiscal headroom for the country to respond to global headwinds, Finance Minister Nirmala Sitharaman told parliament on Friday.

For years, India has ranked as the world’s fifth-largest economy, behind the US, China, Germany and Japan. Now it’s closing in on Japan, helped by its 1.4 billion-strong, relatively young population and by the shrinking size of Japan’s economy in dollar terms.

Crude oil nearing $120 per barrel could significantly impact India’s economy by raising the import bill, widening the current account deficit and increasing inflationary pressures.

MUMBAI, March 12 (Reuters) - India's external balance and government finances could be hit if oil prices stay high for an extended period, economists have said, as the Iran war pushes up oil import costs and the subsidies needed to keep key commodities affordable.

The paper suggests methodological problems in India’s national accounts may have distorted growth estimates for nearly two decades.

Here are some of the top sources to get economic indicators and associated datasets for India, the breakout BRIC star.