The Ministry of Statistics and Programme Implementation (MoSPI) released the New Series of Annual and Quarterly National Accounts Estimates (including the GDP).

Key changes in the New GDP Series

• New Base Year: 2022-23 (earlier 2011-12).
  • FY 2022–23 was selected as the most recent "normal" period following the COVID-19 disruptions of 2019–2021.
• New Data Sources: Now integrates high-frequency and administrative data, including GST collections, the e-Vahan portal, and the Public Financial Management System (PFMS).
• Refined Deflation Techniques: Double deflation (discounting input price as well, along with output price) is now applied in manufacturing and agriculture, discontinuing the use of Single deflation. 
• Integration of Supply and Use Tables (SUT): The SUT framework has been aligned with National accounts to reduce discrepancies between production- and expenditure-based GDP estimates.
• Improved Estimation of Private Final Consumption Expenditure (PFCE): By integrating direct estimation from production, administrative data, and the commodity flow approach.
• General Government Adjustments: Government estimates now account for the rollout of the National Pension System (NPS) alongside the Old Pension Scheme (OPS).
• Other: Inclusion of
  • Hired domestic workers capturing digital, platform and gig economy activities in the Revised GDP Series; 
  • Annual Survey of Unincorporated Sector Enterprises (ASUSE) and the Periodic Labour Force Survey (PLFS) to better measure the household and informal sectors.