Rumki Majumdar: New GDP Series Reflects Digital Economy And Services Accurately

India’s Q3 FY26 GDP grew 7.8% under the new 2022-23 base year series, led by strong manufacturing output and resilient private consumption. In a conversation with Siddharth Zarabi, Group Editor, Business Today, Rumki Majumdar, Economist at Deloitte India, highlighted that the updated statistical series provides a more accurate representation of the economy, including the digital sector and global capability centers. She noted that better data allows policymakers to tailor strategies effectively, identify growth drivers in manufacturing and services, and design targeted interventions. The new series helps stakeholders understand sectoral contributions and innovation’s impact, improving economic planning and policy decision-making in a rapidly evolving economy.