Archive · 21 Nov 2025
India's Economic Data Revamp: New GDP, IIP, and CPI Series by 2026
India is updating its main economic data series - GDP, IIP, and CPI - to better reflect the current economy.
The new series will use more detailed data and modern methods to calculate these important numbers.
The ministry in charge says there's no reason to worry about the quality of India's economic data.
India to unveil new GDP, IIP, and CPI series with 2022-23, 2024, and 2026 as base years respectively
Revisions aim to make economic data more robust and accurate
New GDP series to use single/double deflation, GST data, and updated surveys
CPI basket to increase to 407 items, reflecting changing consumption patterns
MoSPI refutes concerns about data volatility and credibility
- Who
- Ministry of Statistics and Programme Implementation (MoSPI), India
- What
- Revising key economic indicators' base years
- When
- New series to be unveiled in 2026
- Where
- India
- Why
- To make economic data more robust and accurate
- Current GDP base year
- 2011-12
- New GDP base year
- 2022-23
- Current CPI base year
- 2012
- New CPI base year
- 2024
- Current IIP base year
- 2011-12
- New IIP base year
- 2026
