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India to update GDP base year to 2022–23 in 2026 to improve data accuracy amid IMF feedback.
India will update its GDP base year from 2011–12 to 2022–23 starting February 27, 2026, Finance Minister Nirmala Sitharaman announced, addressing criticism from the IMF that assigned India’s national accounts a 'C' grade due to outdated data methodology.
The IMF did not question India’s actual growth figures, affirming a projected 6.5% GDP expansion for 2025–26 and praising macroeconomic stability, low inflation, and sound fiscal policies.
The change aims to better reflect the current economy, including digital and consumption shifts, with updated data expected to improve accuracy.
Officials stressed the reliability of India’s statistics, backed by independent audits, cross-validation across government and central bank data, and ongoing reforms.
India actualizará el año base del PIB a 2022/23 en 2026 para mejorar la precisión de los datos en medio de la retroalimentación del FMI.