Search For "mospi"
Base year revision captures structural changes in Indian economy: Experts
Updated : 1 week, 6 days 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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India revises CPI base to 2024, food share in household spending declines,
Updated : 4 weeks, 1 day ago IST
India has revised the base year of the Consumer Price Index (CPI) to 2024 from 2012 to reflect changes in consumption patterns, improved data sources and updated methodologies, Secretary, Ministry of Statistics and Programme Implementation (MOSPI), Saurabh Garg, said today.
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CPI inflation for January recorded at 2.75% under new base year
Updated : 4 weeks, 1 day ago IST
Under the new arrangement, the base year has been revised from 2012 to 2024 using Household Consumption Expenditure Survey 2023-24. Further, now there are 12 Divisions in place of 6 Groups in accordance to Classification of Individual Consumption According to Purpose (COICOP) 2018. The year-
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Labour Force Participation Rate spikes to 55.8%, unemployment rate decline
Updated : 1 month ago IST
The overall LFPR of female aged 15 years and above showed upward trend, increased to 34.9% in October-December, 2025 from 33.7% in the previous quarter, driven by increase in female LFPR in rural areas from 37.5% in the quarter July-September, 2025 to 39.4% in October-December, 2025.
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Revision of base year to improve accuracy, support AI use: MoSPI Secretary
Updated : 1 month, 1 week ago IST
"For AI and ML, data is the key raw material. It is therefore essential that data is harmonised so that it can be effectively used by AI systems," he said. Internally, MoSPI is already using artificial intelligence to improve the accuracy of data enumeration and to speed up decision-making p
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India's IIP records growth of 7.8% in December
Updated : 1 month, 2 weeks ago IST
India's Index of Industrial Production (IIP) recorded a growth of 7.8 per cent for the month of December 2025, according to official data released on Wednesday.
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Base year revision of key indicators to support better-calibrated monetary
Updated : 1 month, 3 weeks ago IST
Reserve Bank of India (RBI) Governor Sanjay Malhotra, has welcomed National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation's (MoSPI) base year revision of key economic indicators -- Consumer Price Index (CPI), Gross Domestic Product (GDP), and Index of Ind
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Retail inflation stands at 1.33% in December, remains below RBI's medium-t
Updated : 2 months ago IST
Headline inflation in December 2025 increased by 62 basis points relative to November 2025. Inflation remained below the Reserve Bank of India's medium-term target of 4% for the 11th straight month.
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