Current development ·
New GDP series with base year 2022–23
MoSPI replaced the 2011–12 base with 2022–23 for the national accounts, using new data sources and methods. Under the new series, 2025–26 real growth was estimated at 7.6 per cent.
What changed
On 27 February 2026 MoSPI released the new series of national accounts with base year 2022–23, replacing the 2011–12 series. 2022–23 was chosen as a recent normal year after the pandemic. The new series widens data coverage, using sources such as GST and administrative records, and adopts double deflation for parts of the economy. Under it, real GDP growth for 2025–26 was estimated at 7.6 per cent. A back series for earlier years is to follow.
Foundation connections
Use growth for how GDP is measured, and fiscal indicators. A changed GDP level changes the deficit and debt ratios too.
Exam use and limits
- Prelims: Base year, constant against current prices, and single against double deflation.
- Mains: Do not compare growth rates across the old and new series until the back series is available.
Source: Ministry of Statistics and Programme Implementation (PIB)