New GDP series: base 2022-23, release 27 February 2026
Next story · 21 NovNational One Health Mission Assembly
What happened
- MoSPI released a discussion paper on methodology changes for national accounts using the production and income approach [PIB].
- FY 2022-23 is the base year of the new series, due on 27 February 2026. The Advisory Committee on National Account Statistics is chaired by Prof. B.N. Goldar [PIB].
Background
- The ACNAS includes central ministries, state governments, academia and research institutions [PIB].
Why it matters
- New data sources such as GST returns can better capture the informal and services sectors.
How to use this in Mains
- As per PIB (2025-11-21): moSPI released a discussion paper on methodology changes for national accounts using the production and income approach.
- New data sources such as GST returns can better capture the informal and services sectors.
Quotable data pointFY 2022-23 is the base year of the new series, due on 27 February 2026. The Advisory Committee on National Account Statistics is chaired by Prof. B.N. Goldar.
PIB: MoSPI: Discussion paper on national accounts methods, 21 Nov 2025
Exam angle
UPSC
Prelims: base year.
Practice MCQs
Original practice questions (not PYQs).
Practice · UPSC
Base year of the new GDP series
Answer (c) & explanation
PIB.
Practice · UPSC
Scheduled release date
Answer (b) & explanation
PIB.
Practice · UPSC
ACNAS chair
Answer (a) & explanation
PIB.
Go deeper
ExplainerEconomic Survey of India: Meaning, History, Who Prepares It, How It Differs from the Budget, Big Ideas from Past Surveys and How to Use It for UPSC (UPSC Notes + PYQs)ExplainerGDP for UPSC: Meaning, Methods, GDP vs GVA vs GNP, Nominal vs Real, Base Year and Criticisms (Notes + PYQs)
Official source: PIB: MoSPI: Discussion paper on national accounts methods, 21 Nov 2025
facts from cited sources only; faculty review pending