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India reveals new GDP-series overhaul, base year shifted to 2022-23
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.