Paper: GS – III, Subject: Indian Economy, Topic: Banking and Financial Intermediaries, Issue: Services survey: New base years for GDP, IIP, and CPI.
Context:
Services survey underway; The revision of base years for GDP, IIP, and CPI is currently underway, with significant updates expected in early 2026.
- New Base Years: GDP: The new series will be released on February 27, 2026, with the financial year 2022-23 as the base year.
- IIP: The revised base year is tentatively set for 2022-23, with updates expected to be published from the financial year 2026-27.
- CPI: The base year will be updated to 2024, with the item basket and weightage determined by the Household Consumer Expenditure Survey (HCES) conducted in 2023-24.
Enhancing CAPEX Survey Response rate (Services survey):
Key Takeaways:
Changes in the CPI Basket and Economic Surveys:
Conclusion:
- The upcoming revisions to India’s economic indicators are set to provide a more accurate and comprehensive picture of the economy.
- By utilizing the latest data and incorporating new methodologies, the Ministry of Statistics and Programme Implementation aims to enhance the reliability of economic statistics, which will ultimately support better policy-making and economic planning.
La Excellence IAS Academy, the best IAS coaching in Hyderabad, known for delivering quality content and conceptual clarity for UPSC 2025 preparation.
FOLLOW US ON:
â—‰ Youtube : https://www.youtube.com/@CivilsPrepTeam
â—‰ Facebook: https://www.facebook.com/LaExcellenceIAS
â—‰ Instagram: https://www.instagram.com/laexcellenceiasacademy/
GET IN TOUCH:
Contact us at info@laex.in, https://laex.in/contact-us/
or Call us @ +91 9052 29 2929, +91 9052 99 2929, +91 9154 24 2140
OUR BRANCHES:
Head Office: H No: 1-10-225A, Beside AEVA Fertility Center, Ashok Nagar Extension, VV Giri Nagar, Ashok Nagar, Hyderabad, 500020
Madhapur: Flat no: 301, survey no 58-60, Guttala begumpet Madhapur metro pillar : 1524, Rangareddy Hyderabad, Telangana 500081
Bangalore: Plot No: 99, 2nd floor, 80 Feet Road, Beside Poorvika Mobiles, Chandra Layout, Attiguppe, Near Vijaya Nagara, Bengaluru, 560040