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Regulatory data revision

India Revises Macroeconomic Data Base Years

Analysis based on 8 articles · First reported Dec 22, 2025 · Last updated Dec 23, 2025

Sentiment
20
Attention
4
Articles
8
Market Impact
General
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The release of new macroeconomic data series by the India — Ministry of Statistics and Programme Implementation for Gross domestic product, Consumer price index, and Index of Industrial Production will provide more accurate and updated insights into India's economic performance. This will enable financial market participants to make more informed decisions, as the revised data will better reflect current economic structures and consumption patterns, potentially leading to adjustments in market expectations and investment strategies for India.

Financial Services Government

The India — Ministry of Statistics and Programme Implementation (MoSPI) in India announced it will release new series of macroeconomic data, including the Consumer price index (CPI) with a 2024 base year on February 12, 2026, National Accounts (GDP) with a FY 2022-23 base year on February 27, 2026, and the Index of Industrial Production (IIP) with a 2022-23 base year on May 28, 2026. Ahead of these releases, MoSPI convened a Pre-release Consultative Workshop on December 23, 2025, in New Delhi, following an earlier workshop in Mumbai on November 26. The workshops aim to share proposed methodological and structural changes and gather feedback from economists, financial institutions, and government officials. Key attendees include Suman Bery, V. Anantha Nageswaran, Saurabh Garg, and N. K. Santoshi. This routine statistical exercise is crucial for ensuring economic data accurately reflects current economic realities in India.

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The Gross domestic product data series will be revised with a new base year of FY 2022-23, providing updated insights into India's economic output.
Importance 80.0 Sentiment 10.0
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The Index of Industrial Production series will be revised with a base year of 2022-23, providing an updated view of industrial activity in India.
Importance 80.0 Sentiment 10.0
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Suman Bery, Vice Chairman of India — NITI Aayog, is attending the workshop as the chief guest, indicating high-level government involvement in the data revision process.
Importance 60.0 Sentiment 10.0
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Saurabh Garg, Secretary of the India — Ministry of Statistics and Programme Implementation, is involved in the workshop, overseeing the data revision process.
Importance 50.0 Sentiment 10.0
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N. K. Santoshi, Director General (Central Statistics) of the India — Ministry of Statistics and Programme Implementation, is attending the workshop to discuss the proposed changes.
Importance 40.0 Sentiment 10.0
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Importance 0.0 Sentiment 0.0
govactor
Importance 0.0 Sentiment 0.0
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Importance 0.0 Sentiment 0.0
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