Search For "base year"
New GDP series recasts India's economy, revises size and sector shares: Fi
Updated : 6 days, 21 hours ago IST
New GDP Series changes size and structure of Indian economy, with India's latest national accounts revision altering estimates of the economy's size, sectoral composition and expenditure patterns while improving statistical measurement of economic activity according to the Finance Ministry's
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Revised CPI basket signals shift toward services, lower food weight, infla
Updated : 1 week ago IST
The new Consumer Price Index (CPI) series with base year 2024 reflects significant structural changes in consumption patterns and inflation measurement, but is unlikely to materially alter the overall inflation outlook, according to a report by SBI Research.
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Despite downward revision in nominal GDP, India's fiscal dynamics remain c
Updated : 1 week, 3 days ago IST
Despite a downward revision in nominal GDP following a change in the base year, India's overall fiscal dynamics remain very comfortable, with the fiscal deficit contained at 63 per cent of the revised estimates (RE) during April-January FY26, according to a report by Union Bank of India.
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With new GDP series, experts see stronger data credibility and stable FY26
Updated : 1 week, 4 days ago IST
Economists and industry leaders have termed India's 7.8 per cent GDP growth in the October-December 2025 quarter (Q3 FY26) as a sign of sustained economic momentum, even as the pace moderated from 8.4 per cent in Q2 FY26 under the new 2022-23 base year series.
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Base year revision captures structural changes in Indian economy: Experts
Updated : 2 weeks ago IST
India's latest base year revision of national accounts has led to an upward adjustment in GDP growth estimates for 2025-26, with analysts seeing it as analytically significant given that it captures structural changes in the economy and incorporates new data sources.
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New GDP Series will make growth data more robust: MoSPI Secretary Saurabh
Updated : 2 weeks ago IST
"Our existing series was based on the year 2011-2012. The international norm is that this should happen every five to seven years. However, due to COVID-19, we transitioned to a new financial system, and GST was introduced, which caused a slight delay," Garg said.
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Base year revision to support policy formulation, boost data accuracy: Sta
Updated : 2 weeks ago IST
The revision of the base year for national accounts to 2022-23 will significantly strengthen policy formulation by providing more accurate and granular economic data, Statistics Secretary Saurabh Garg said.
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Base year switch boosts 2025-26 GDP estimate to 7.6%
Updated : 2 weeks ago IST
India's latest base year revision of national accounts has led to an upward adjustment in GDP growth estimates for 2025-26. The government said that the use of annual surveys for household sector estimates and change in method of deflation improved the GDP estimates.
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India GDP to grow 7.6% in 2025-26, government estimates after base year re
Updated : 2 weeks ago IST
India's real GDP is estimated to grow by 7.6 per cent in the current financial year 2025-26, Ministry of Statistics and Programme Implementation (MoSPI) estimates showed Thursday.
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RBI will factor revised CPI, GDP base in April policy projections: Governo
Updated : 2 weeks, 4 days ago IST
During a press conference after the customary post-Budget meeting with finance minister, RBI governor responded to a query on whether the inflation targeting range would be revised following the CPI base year update, he said the matter is under examination. "The RBI had earlier published a d
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CPI base revision has limited impact, RBI likely to hold rates in coming q
Updated : 4 weeks ago IST
The revision in the Consumer Price Index (CPI) base year has had a limited impact on monetary policy interpretation, and the Reserve Bank of India (RBI) is expected to maintain status quo on interest rates in the coming quarters, according to a report by Union Bank of India.
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CPI base year revision to help monetary, fiscal policy decision making: CE
Updated : 4 weeks, 1 day ago IST
Chief Economic Advisor Anantha Nageswaran on Thursday said that the Consumer Price Index, based on the revised base year, will improve the quality of monetary and fiscal policy decisions.
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