Published: 13 February 2026MoSPIEconomy
MoSPI Announces GDP Base Year Revision from 2011-12 to 2022-23; CPI Base to 2024
The Ministry of Statistics and Programme Implementation announced the revision of the Gross Domestic Product base year from 2011-12 to 2022-23, with revised data to be released on February 27, 2026. The base year for IIP will also shift to 2022-23 and CPI to 2024.
This is India's 8th base year update (previous: 2004-05 to 2011-12 in January 2015). The revision incorporates digitalization, enterprise formalisation, and shifts in consumption patterns over the past decade. Data sources are improved with ASUSE and PLFS surveys replacing proxies. Real GDP under the new series is estimated at 7.6% growth in FY26. The revision reflects structural changes in the Indian economy since 2011.
0Mains angle
Q: Explain the significance of MoSPI's revision of the GDP base year from 2011-12 to 2022-23 and the parallel shift of the CPI base to 2024 for India's macroeconomic measurement.
Answer (50 words):
Announced by MoSPI, India's eighth base-year update moves GDP and IIP bases to 2022-23 and CPI to 2024, with revised data released on 27 February 2026. ASUSE and PLFS surveys replace older proxies, capturing digitalisation and enterprise formalisation. The new series estimates FY26 real GDP growth at 7.6 per cent.
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Linked questionEasy
MoSPI announced the revision of India's GDP base year from 2011-12 to which year?
Explanation · Correct answer CMoSPI released the new series of annual and quarterly National Accounts estimates with base year 2022-23 on February 27, 2026, replacing the earlier 2011-12 base year series. The CPI base year was separately shifted to 2023-24 and the IIP base year to 2022-23, so for GDP the correct answer is 2022-23.
Frequently asked questions
What base year revision did MoSPI announce in February 2026 for GDP?
The **Ministry of Statistics and Programme Implementation (MoSPI)** announced the revision of the **GDP base year from 2011-12 to 2022-23**, with revised data to be released on **February 27, 2026**. The **IIP base year** will also shift to **2022-23** and **CPI to 2024**.
Why is the GDP base year revision significant in India?
The GDP base year revision is India's **8th base year update** (previous: 2004-05 to 2011-12 in January 2015). It incorporates **digitalization, enterprise formalisation, and shifts in consumption patterns** over the past decade, making GDP estimates more accurately reflect India's current economic structure.
How often does India revise its GDP base year?
India periodically revises its GDP base year to reflect structural changes in the economy. The last revision was from **2004-05 to 2011-12 in January 2015**. The 2026 revision (to 2022-23) is the **8th such update** since India adopted the System of National Accounts framework.
What is the new CPI base year announced by MoSPI in 2026?
Along with the GDP base year shift to 2022-23, MoSPI announced that the **Consumer Price Index (CPI) base year will move from 2012 to 2024**. This will better capture current consumption patterns, housing costs, and services inflation in India's evolving economy.
How will the GDP base year revision affect India's economic rankings?
The base year revision from 2011-12 to 2022-23 may **revise India's nominal GDP size upward**, potentially accelerating India's ranking as the **world's 3rd largest economy** (currently 5th). Better measurement of the digital economy and informal sector formalisation are key drivers.
