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India's New GDP Series: Govt Seeks Feedback on Methodology Changes

The Ministry of Statistics has released a third discussion paper detailing methodological changes for the upcoming new GDP series. It focuses on revisions to the quarterly GDP series and sub-national accounts, inviting stakeholder feedback by February 5. An advisory committee chaired by Professor B.N. Goldar is guiding the process, which will shift the base year to FY 2022-23. The new series of national accounts estimates is scheduled for release on February 27, 2026.

Key Points: New GDP Series with FY23 Base Year: Govt Seeks Feedback

  • Third discussion paper released
  • Focus on quarterly GDP & state accounts
  • Feedback invited by Feb 5
  • New series launch Feb 27, 2026
2 min read

Govt releases 3rd discussion paper ahead of new GDP series from Feb 27

Government releases third discussion paper on methodology for new GDP series, invites stakeholder feedback by Feb 5 ahead of Feb 27, 2026 launch.

"FY 2022-23 has been chosen as the base year of new series - Ministry of Statistics & Programme Implementation"

New Delhi, Jan 23

Ahead of the launch of new GDP series with FY 2022-23 as base year, the government on Friday launched a third discussion paper which focuses on changes in methodology of quarterly GDP series and Sub-national Accounts.

The Ministry of Statistics & Programme Implementation released the discussion paper, titled on "Changes in Methodology of Quarterly GDP series and Sub-national Accounts".

The ministry has invited comments and feedback from experts, academicians, government bodies, state governments, financial institutions, users of national accounts data and other stakeholders on the discussion paper by February 5.

MoSPI is in the process of revising the base year of national accounts from February 27.

An Advisory Committee on National Account Statistics (ACNAS), under the chairmanship of professor B.N. Goldar, has been constituted to advise MoSPI, among other things, on inclusion of new data sources for improving the estimates of National Accounts and the methodology for compilation and presentation of National Accounts Statistics for purposes of economic analysis and policy formulation.

The Committee has representation from various Central Ministries and Departments, State Governments, Academia and Research Institutions.

According to the ministry, FY 2022-23 has been chosen as the base year of new series and the estimates of new series are scheduled to be released on February 27, 2026.

"With a view to apprise the users of national accounts data about the proposed changes being in the new series, Ministry has planned to release discussion papers on compilation of National Accounts Statistics," it added.

The first discussion paper on changes in compilation of aggregates based on production/income approach was released on November 21, 2025 and the second discussion paper on the proposed improvements in compilation of GDP from expenditure approach was released on December 16, 2025 to seek feedback/suggestions from users.

- IANS

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Reader Comments

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Sarah B
As someone who works with economic data, I appreciate the release of discussion papers. It allows for expert scrutiny before final implementation. The inclusion of academia in the ACNAS committee is crucial for methodological rigor.
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Ananya R
Finally! The old base year was from 2011-12, which feels like ancient history now. Our economy has changed so much with digital India, startups, and new supply chains. This update is long overdue. Hope it reflects the true growth story.
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Vikram M
While the intent is good, I have a respectful criticism. The timeline seems long—feedback by Feb 5, but final release not until Feb 2026? That's a whole year. We need these updated numbers sooner for better policy planning, especially with global uncertainties.
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Karthik V
The focus on Sub-national Accounts is key. State-level GDP data often has discrepancies. A standardized, improved methodology will help compare states accurately and guide investments. Good move by MoSPI.
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Priya S
Hope the new series properly captures the gig economy and platform-based work. So many young people are delivery partners or freelancers. Our GDP calculation needs to move beyond traditional sectors. 👍

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