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New GDP Series: Base Year Moves to 2022-23

28 February 20261 min read
ECONOMYNew GDP Series:Base Year Movesto 2022-2328 February 2026safalsetu.com

Why in the news

A fresh national accounts series with method and data upgrades will make GDP and GVA estimates more accurate and detailed.

AreaEarlierNow
Base year2011-122022-23
Private companiesAll value added to one dominant sectorSplit by activity-wise revenue share
GovernmentNarrower scopeImputed housing services for employees; more autonomous bodies and local bodies
HouseholdsExtrapolated figuresAnnual ASUSE and PLFS data
Consumption–Household Consumer Expenditure Surveys plus direct production data

Key facts

  • ASUSE: Annual Survey of Unincorporated Sector Enterprises; PLFS: Periodic Labour Force Survey.
  • New base improves relevance and comparability.

Exam angle

  • Old base 2011-12; new base 2022-23.

Test yourself

1. What is the new base year of India's revised national accounts (GDP) series?

The base year moves from 2011-12 to 2022-23.

2. Which two surveys are used annually for household sector estimates in the new GDP series?

The new series uses ASUSE and PLFS annually for the household sector.

3. In the new GDP series, how is a private company's value added assigned across sectors?

Activity-wise revenue share is used to allocate value added.

This topic is part of Daily Current Affairs 27 February 2026 (25 topics).

All topics of the dayDay quizFebruary 2026

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