New GDP and CPI Base Year To Take Effect From February 2026: MOSPI
ABP NewsThe revised base years for national accounts, including GDP and other key macroeconomic indicators such as the consumer price index, are set to take effect from February 2026, a senior government official confirmed on Friday. Saurabh Garg, Secretary of the Ministry of Statistics and Programme Implementation stated, "The new series for macro-indicators will be implemented from February 2026, and fiscal year 2022-23 will be the new base year for the country’s gross domestic product data.” Garg also mentioned that the ministry is exploring alternative data sources, such as night light data and e-commerce price trends, to enhance its surveys and improve data accuracy. This will mark the first revision of the country's macroeconomic indicators in nearly a decade, with the last update taking place in January 2015, when the GDP base year was shifted from 2004-05 to 2011-12. Regular updates to the base year are crucial to ensure that economic indices accurately capture changes in the economy's structure, including shifts in consumption patterns, sectoral weightings, and the inclusion of new sectors.
History of this topic
Centre changing GDP base year, Parliament told
Hindustan Times
Government changing base year for GDP, Rao Inderjit Singh tells Parliament
Hindustan Times
Govt. Plans GDP Base Year Change to 2022–23 by 2026
Deccan Chronicle)
Indian govt mulling changing base year from 2011-12 to 2022-23 for calculating GDP
Firstpost
Base year of CPI, GDP, IIP being revised
Deccan Chronicle)
New base year for GDP series to be decided in a few months, govt awaits industries, consumer expenditure surveys
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