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India reveals new GDP-series overhaul, base year shifted to 2022-23
The Indian government announced that the national accounts series will be revamped with a new base year of 2022-23, replacing the current 2011-12 base, and will be released on 27 February 2026. T
he updated methodology will incorporate more granular data, including annual enterprise surveys and segment-wise output from multi-activity firms. The overhaul aims to improve accuracy, particularly in financial services, real estate and quasi-government bodies. Economists note that the revision could visibly alter India’s reported growth rate and reshape sectoral contribution trends in the coming years.
Tags:
- economy
- india
M• By Harsh Ranjan
Explore:Mutual Fund Screening
neutral
India reveals new GDP-series overhaul, base year shifted to 2022-23
The Indian government announced that the national accounts series will be revamped with a new base year of 2022-23, replacing the current 2011-12 base, and will be released on 27 February 2026. T
he updated methodology will incorporate more granular data, including annual enterprise surveys and segment-wise output from multi-activity firms. The overhaul aims to improve accuracy, particularly in financial services, real estate and quasi-government bodies. Economists note that the revision could visibly alter India’s reported growth rate and reshape sectoral contribution trends in the coming years.
Tags:
- economy
- india
M• By Harsh Ranjan
Explore:Mutual Fund Screening
1 min read
86 words
India to revise GDP base year to 2022-23, introducing more detailed data and improved sectoral measurement.
The Indian government announced that the national accounts series will be revamped with a new base year of 2022-23, replacing the current 2011-12 base, and will be released on 27 February 2026. T
he updated methodology will incorporate more granular data, including annual enterprise surveys and segment-wise output from multi-activity firms. The overhaul aims to improve accuracy, particularly in financial services, real estate and quasi-government bodies. Economists note that the revision could visibly alter India’s reported growth rate and reshape sectoral contribution trends in the coming years.
The Indian government announced that the national accounts series will be revamped with a new base year of 2022-23, replacing the current 2011-12 base, and will be released on 27 February 2026. T
he updated methodology will incorporate more granular data, including annual enterprise surveys and segment-wise output from multi-activity firms. The overhaul aims to improve accuracy, particularly in financial services, real estate and quasi-government bodies. Economists note that the revision could visibly alter India’s reported growth rate and reshape sectoral contribution trends in the coming years.
Tags:
- economy
- india
- economy
- india
- gdp
- data
- statistics