Economy & Bankingv3 · 3 versions
New GDP Series (Base Year 2022-23)
India's national accounts moved to a new base year of 2022-23 in February 2026, replacing the 2011-12 series that had anchored GDP for more than a decade. The rebasing brought fresh weights, double deflation for manufacturing and agriculture, and household-sector estimates taken straight from survey data. Under the revised series manufacturing value added grew at a compounded 10.88 percent a year between 2022-23 and 2025-26, and full-year real GDP growth for 2025-26 stands at 7.7 percent.
Last updated 14 August 20267 min read
Latest update
Fixed garbled characters in the key facts, the explanatory text and the source list, so the dashes and separators read properly again. No fact, figure or date has changed.
- MoSPI
- GDP base year
- national accounts
- double deflation
- ASUSE
- PLFS
- GVA
- rebasing
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