In May 2026 the Ministry of Statistics and Programme Implementation MoSPI revised its annual data release calendar shifting the Provisional Estimates of Annual GDP for 2025-26 and the fourth quarter January to March 2026 GDP estimates from the originally scheduled date of 29 May 2026 to 5 June 2026. MoSPI explained that the revision became necessary because several key datasets required for GDP compilation become available only after a lag of nearly two months. Listed companies are mandated to file their audited fourth quarter and annual financial results within 60 days from the end of the financial year and important fiscal data related to Central Government accounts including expenditure and revenue receipts are finalised only after a two month gap. The new release calendar incorporates the New Series of Annual and Quarterly National Accounts Estimates with base year 2022-23 which replaces the earlier 2011-12 base year series and was implemented on 28 February 2026. Under the new methodology India real GDP is now estimated to grow at 7.6 per cent in financial year 2025-26 compared with the 7.4 per cent projection under the old series. Nominal GDP that includes inflation is projected to expand by 8.6 per cent in 2025-26. The strong full year performance is anchored by 8.4 per cent real growth in the second quarter and 7.8 per cent in the third quarter of 2025-26. India FY 2025-26 real GDP at constant prices is estimated at 322.58 lakh crore rupees. The base year revision aligns Indian national accounts with international Statistical practices and improves coverage of the digital economy informal sector and gig work.
Ministry of Statistics and Programme Implementation Revises GDP Release Calendar in May 2026 With Provisional Annual Estimates for 2025-26 and Fourth Quarter Estimates Now Scheduled for 5 June 2026 Instead of 29 May 2026 to Account for the Two Month Lag in Audited Listed Company Quarterly Filings and Central Government Fiscal Data Finalisation Under the New National Accounts Series With Base Year 2022-23 That Projects Real GDP Growth of 7.6 Per Cent for the Financial Year
MoSPI in May 2026 revised the release date of Provisional Annual GDP estimates for FY 2025-26 and Q4 estimates from 29 May 2026 to 5 June 2026 under the new 2022-23 base year series that projects real growth at 7.6 per cent and nominal at 8.6 per cent
Key facts
- MoSPI revised GDP release calendar shifting Provisional Annual Estimates for 2025-26 and Q4 January-March 2026 GDP from 29 May 2026 to 5 June 2026
- Revision was needed because listed companies must file audited Q4 and annual results within 60 days and Central Government fiscal data is finalised only after two month gap
- The new release calendar uses the New Series of Annual and Quarterly National Accounts with base year 2022-23 implemented on 28 February 2026 replacing the 2011-12 series
- India real GDP is now estimated to grow at 7.6 per cent in FY 2025-26 under new series compared to 7.4 per cent under old series
- Nominal GDP is projected to expand by 8.6 per cent in 2025-26 with Q2 real growth of 8.4 per cent and Q3 at 7.8 per cent
- Indian FY 2025-26 real GDP at constant prices is estimated at 322.58 lakh crore rupees and the revision improves coverage of digital economy and informal sector
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Practice MCQ from this story
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Consider the following statements regarding the new GDP base year series implemented by MoSPI in 2026: 1. The new National Accounts series uses 2022-23 as the base year replacing the earlier 2011-12 base year. 2. Under the new base year India real GDP growth for FY 2025-26 is estimated at 7.4 per cent. Which of the statements given above is/are correct?
Statement 1 is correct: The new National Accounts series with base year 2022-23 was implemented by MoSPI on 28 February 2026 replacing the earlier 2011-12 base year. The revision aligns Indian national accounts with international statistical practices and improves coverage of the digital economy informal sector and gig work. Statement 2 is incorrect: Under the new 2022-23 base year series real GDP growth for FY 2025-26 is estimated at 7.6 per cent not 7.4 per cent. The 7.4 per cent figure was the projection under the old 2011-12 series.
Source: DD India
Frequently asked questions
Why did MoSPI revise the GDP release calendar in May 2026?
MoSPI shifted the Provisional Annual GDP for 2025-26 and Q4 estimates from 29 May 2026 to 5 June 2026 because key datasets needed for GDP compilation are available only after a two month lag. Listed companies must file audited Q4 and annual results within 60 days of financial year end and Central Government fiscal data are finalised only after that gap.
What is the new base year for India national accounts?
The new base year is 2022-23 implemented on 28 February 2026 replacing the earlier 2011-12 base year. The revision aligns Indian national accounts with international statistical practices and improves coverage of the digital economy informal sector and gig work.
What is the projected real GDP growth for India in FY 2025-26?
Under the new 2022-23 base year series India real GDP is estimated to grow at 7.6 per cent in FY 2025-26 compared with 7.4 per cent under the old 2011-12 series. Nominal GDP is projected to expand by 8.6 per cent.
What is the difference between real and nominal GDP?
Real GDP is measured at constant base year prices and removes the effect of inflation reflecting only the change in volume of goods and services produced. Nominal GDP is measured at current market prices and includes the effect of inflation. Nominal minus real growth approximates the GDP deflator a broad measure of price change.
What is the role of MoSPI in India statistical system?
The Ministry of Statistics and Programme Implementation comprises two wings namely the National Statistical Office NSO and the Programme Implementation Wing. MoSPI compiles national accounts statistics including GDP releases the Annual Survey of Industries the Periodic Labour Force Survey and the Consumer Price Index and coordinates statistical activities across central ministries and state governments.
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