New GDP series recasts India's economy, revises size and sector shares: Finance Ministry Review
Mar 07, 2026
New GDP Series changes size and structure of Indian economy, with India's latest national accounts revision altering estimates of the economy's size, sectoral composition and expenditure patterns while improving statistical measurement of economic activity according to the Finance Ministry's February 2026, Monthly Economic Review. The revised series, with 2022-23 as the new base year, introduces methodological and data improvements that more accurately capture structural changes such as formalisation, digitalisation and emerging service-sector activities.