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.

The real value of an item, also called its relative price, is its nominal value adjusted for inflation.

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.