New GDP Series (Base Year 2022-23)

MoSPI shifted India's national accounts to a new base year of 2022-23 in February 2026, retiring the 2011-12 series that had anchored GDP calculations for over a decade. The rebased series brings fresh weights, moves manufacturing and agriculture to a double-deflation method, and pulls household-sector estimates straight from ASUSE and PLFS survey data instead of indicator-based proxies. The first growth print under the new series showed FY2025-26 real GDP expanding 7.6%, nudged up to 7.7% once Q4 numbers arrived in June — figures that feed straight into every economy answer and capsule macro-data table this cycle.