India's Statistics Secretary Saurabh Garg announced the new GDP series will launch February 27, 2026, using FY 2022-23 as base year. It revises FY26 quarterly data incorporating GST, UPI, and e-Vahan sources for better digital economy capture, alongside CPI/IIP updates to reflect evolving consumption patterns.
Ministry of Statistics and Programme Implementation (MoSPI) Secretary Saurabh Garg confirmed the revised GDP series rollout on February 27, 2026. The update adopts FY 2022-23 as the new base year—standard every 5-7 years—to enhance accuracy amid structural economic shifts like digitalization and services dominance.
Key enhancements include integrating high-frequency data from GST returns, UPI transactions, and e-Vahan vehicle registrations, expanding coverage of informal/digital sectors previously underrepresented. FY26's Second Advance Estimates and all quarterly figures will incorporate these changes, with parallel revisions to CPI (base 2024?) and IIP indices.
Stakeholder consultations kick off late 2025 to finalize methodologies, ensuring continuity in release schedules. This aligns with global best practices, providing policymakers sharper tools for growth targeting amid India's 7%+ trajectory.
Key highlights
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Launch date: February 27, 2026.
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Base year: FY 2022-23 (replaces FY12).
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Data upgrades: GST/UPI/e-Vahan for digital/informal coverage.
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Scope: Revises FY26 quarterly GDP, CPI, IIP series.
Sources: Angel One; Business Today; NDTV Profit; Adda247; MoSPI updates.