Archive · 11 Jun 2025
India Revising GDP Base Year for More Accurate Economic Data
India is updating how it figures out its economic growth, like giving a new starting point for its calculations.
This helps measure the economy better, especially since things change over time.
These updates have happened before, about every decade, but the new one will be in 2026 using 2022-23 as the base year.
It’s important because it affects how investors see India and makes sure the numbers used for decisions are accurate.
The Ministry is revising the base year for GDP calculations.
The new base year for GDP calculations will be 2022-23.
The revised series of data will be released on February 27, 2026.
This is the eighth time India is revising the GDP base year.
Regular revisions help capture economic changes and provide a more accurate picture of real economic growth.
- Who
- The Ministry of Statistics and Programme Implementation
- What
- The Ministry of Statistics and Programme Implementation is revising the base year for calculating GDP.
- When
- The revised series will be released on February 27, 2026.
- Where
- India
- Why
- To accurately understand the state of the economy, capture changes, and provide a more accurate picture of real economic growth.
Experts
Government
Accuracy of GDP Data
Experts
Some experts questioned the methodological changes incorporated in 2015, claiming India may have been overestimating its GDP.
Government
The new series aims to improve the accuracy of GDP estimation and maintain credibility.
- Current GDP Base Year
- 2011-12
- New GDP Base Year
- 2022-23
- Release Date of Revised Data
- February 27, 2026
- IIP Base Year Revision
- 2022-23
- CPI Base Year Revision
- 2023-24
Sources
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World Bank Trims India’s 2026 GDP Growth Forecast To 6.3% From 6.7% Amid Global Headwinds
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World Bank retains India’s 2025-’26 GDP growth forecast at 6.3%
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