MoSPI releases new GDP series with base year 2022-23; FY26 growth estimated at 7.6%
The Ministry of Statistics and Programme Implementation (MoSPI) released the new series of GDP estimates with base year 2022-23 on 27 February 2026, replacing the 2011-12 series, and estimated real GDP growth for 2025-26 at 7.6%.
Summary
The Ministry of Statistics and Programme Implementation (MoSPI) released the new series of annual and quarterly National Accounts estimates with base year 2022-23 on 27 February 2026, replacing the series with base year 2011-12. MoSPI chose 2022-23 because it is a recent normal year after COVID with robust data across sectors; the new series uses new data sources such as ASUSE, PLFS, GST and PFMS. Under the Second Advance Estimates, real GDP for 2025-26 is put at ₹322.58 lakh crore, a growth of 7.6% against 7.1% in 2024-25, while nominal GDP is expected to grow 8.6% to ₹345.47 lakh crore. Real GDP grew 7.8% in the October–December 2025 quarter (Q3), and real GVA for 2025-26 is estimated to grow 7.7%.
Key facts
- Date
- 27 February 2026
- New base year
- 2022-23 (replaces 2011-12)
- FY 2025-26 real GDP
- ₹322.58 lakh crore; growth 7.6% (7.1% in 2024-25)
- FY 2025-26 nominal GDP
- ₹345.47 lakh crore; growth 8.6%
- Q3 FY26 real GDP growth
- 7.8%
- Real GVA growth FY26
- 7.7%
- New data sources
- ASUSE, PLFS, GST, PFMS
Practice MCQs 5 questions
What is the base year of the new GDP series released by MoSPI on 27 February 2026?
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Correct answer: C — 2022-23
The new series uses base year 2022-23, replacing the 2011-12 series.
What real GDP growth rate for 2025-26 was estimated in the Second Advance Estimates released on 27 February 2026?
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Correct answer: C — 7.6%
Real GDP growth for 2025-26 is estimated at 7.6%, against 7.1% in 2024-25; 8.6% is the nominal growth.
According to the new series, India's real GDP grew by how much in Q3 (October–December) of 2025-26?
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Correct answer: C — 7.8%
Real GDP grew 7.8% in Q3 of 2025-26; 8.9% was the nominal growth in that quarter.
Which of the following data sources is NOT mentioned by PIB among the new sources integrated in the 2022-23 GDP series?
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Correct answer: B — Census 2011
PIB lists ASUSE, PLFS, GST and PFMS as new, improved data sources in the revised series.
Consider the following statements about the new GDP series released in February 2026: 1. 2022-23 was chosen as base year because it is a recent normal year after the COVID-19 disruptions, with robust data across sectors. 2. In an annual revision, unlike a base year revision, the conceptual framework and data sources are changed. Which of the above is/are correct?
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Correct answer: A — 1 only
Only statement 1 is correct. MoSPI says annual revisions only use updated data without changing the conceptual framework or adding new data sources; base year revisions change methodology, data sources and coverage.