Archive · 18 Jun 2025
India to Revise GDP Base Year from 2011-12 to 2022-23
Imagine the GDP base year as a starting point for measuring how the economy is doing.
India is changing this starting point from 2011-2012 to 2022-2023 to make the numbers more accurate.
This is like updating your tools to measure things better.
A special team with experts from different fields will help make this change.
The change is expected to be done by early 2026.
This update helps in tracking things like buying power and growth and keeping up with how the economy changes.
India is updating its GDP base year to 2022-23 from 2011-12 to improve data accuracy.
An advisory committee, ACNAS, has been formed to oversee the transition.
The revision aims to better reflect economic structural changes and align with international practices.
The current GDP series, using 2011-12 as the base year, was released in January 2015.
The government intends to complete the revision by early 2026.
- Who
- The Centre, with an advisory committee called ACNAS, is overseeing the revision.
- What
- India is revising its GDP base year.
- When
- The revision is expected to be completed by early 2026.
- Where
- India
- Why
- To enhance the accuracy of economic data and better reflect structural changes.
- GDP Base Year (Old)
- 2011-12
- GDP Base Year (New)
- 2022-23
- ACNAS Chair
- Biswanath Goldar
- ACNAS Members
- Representatives from RBI, governments, and academia
- ACNAS Task
- Identify new data sources and methodologies
- Current GDP Series Release
- January 2015