Date: 2026-02-09Category: Press ReleaseState: Union GovernmentCountry: India
MoSPI decides a comprehensive exercise for revision of base year of Gross Domestic Product (GDP), Index of Industrial Production (IIP) and Consumer Price Index (CPI)
The Ministry of Statistics and Programme Implementation (MoSPI) has decided to conduct a comprehensive revision of the base year for Gross Domestic Product (GDP), Index of Industrial Production (IIP), and Consumer Price Index (CPI). The exercise aims to enhance relevance, accuracy, and international comparability through methodological improvement, incorporation of new data sources, and weight updation. The revision process is guided by Technical Advisory Committees comprising experts from Academia, Central and State Government, RBI, etc. The release of the new series of GDP, CPI, and IIP is scheduled for 27th February, 2026, 12th February, 2026, and May, 2026, respectively. CPI and GDP adhere to the Special Data Dissemination Standards (SDDS) of IMF, covering Coverage, Periodicity, Timeliness, Access by the public, Integrity of disseminated data, and Data quality. This information was provided by the Minister of State (Independent Charge) of the Ministry of Statistics and Programme Implementation; Minister of State (Independent Charge) of the Ministry of Planning and Minister of State in the Ministry of Culture Rao Inderjit Singh in a written reply to a question in the Rajya Sabha. The release ID is 2225364, with a visitor counter of 367.
Key Entities Referenced
Ministry of Statistics and Programme Implementation (MoSPI): The nodal agency for the planned development of the statistical system in the country.
Gross Domestic Product (GDP): Indicator of the size and health of a country's economy.
Index of Industrial Production (IIP): An index which shows the growth rates in various industry groups of the economy.
Consumer Price Index (CPI): A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.
Special Data Dissemination Standards (SDDS): A data standard by IMF, followed by CPI and GDP which has four key aspects i.e. Coverage, Periodicity, Timeliness; Access by public; Integrity of the disseminated data and Quality of the disseminated data respectively.
Ministry of Statistics & Programme Implementation
MoSPI decides a comprehensive exercise for
revision of base year of Gross Domestic Product
(GDP), Index of Industrial Production (IIP) and
Consumer Price Index (CPI)
The exercise to enhance relevance, accuracy and
international comparability
Revision work includes methodological improvement,
incorporation of new data sources, weight updation
Posted On: 09 FEB 2026 2:44PM by PIB Delhi
Ministry of Statistics and Programme Implementation (MoSPI) has decided a comprehensive exercise for
revision of the base year of Gross Domestic Product (GDP), Index of Industrial Production (IIP) and
Consumer Price Index (CPI) to enhance their relevance, accuracy and international comparability. Base
year revision of GDP, CPI & IIP is guided by respective Technical Advisory Committees comprises of
experts from Academia, Central and State Government, RBI etc. The revision work includes
methodological improvement, incorporation of new data sources, weight updation etc.
The timeline for release of new series of GDP, CPI and IIP are 27th February, 2026, 12th February, 2026
and May, 2026 respectively. Moreover, CPI and GDP follow to the Special Data Dissemination Standards
(SDDS) of IMF which has four key aspects i.e. Coverage, Periodicity, Timeliness; Access by public;
Integrity of the disseminated data and Quality of the disseminated data respectively.
This information was given by the Minister of State (Independent Charge) of the Ministry of Statistics and
Programme Implementation; Minister of State (Independent Charge) of the Ministry of Planning and
Minister of State in the Ministry of Culture Rao Inderjit Singh in a written reply to a question in the Rajya
Sabha today.
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(Release ID: 2225364) Visitor Counter : 367
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