MoSPI to release new GDP series, update IIP and CPI base years
The Ministry of Statistics and Programme Implementation (MoSPI) plans to release several updated data series, including a new GDP series with a 2022-23 base year on February 27, 2026. New IIP and CPI series with updated base years (2022-23 and 2024, respectively) will follow. MoSPI is also launching two new surveys, the National Household Travel Survey (NHTS) and Domestic Tourism Expenditure Survey (DTES), in July 2025, to measure household spending on travel and tourism. Additionally, MoSPI is exploring alternative data sources like online platforms, administrative records, scanner data, and web scraping for price data collection to enhance accuracy and efficiency.
Key Points
- MoSPI is set to release a new GDP series with a base year of 2022-23 on February 27, 2026, updating from the previous 2011-12 base.
- New series for the Index of Industrial Production (IIP) and Consumer Price Index (CPI) with updated base years (2022-23 and 2024, respectively) will also be released.
- MoSPI is launching two new surveys in July 2025: the National Household Travel Survey (NHTS) and Domestic Tourism Expenditure Survey (DTES), to gather data on travel and tourism spending.
- The ministry is exploring innovative data collection methods, including online platforms, administrative records, scanner data, and web scraping, to enhance the accuracy and efficiency of price data.
Exam Facts
- Ministry: Ministry of Statistics and Programme Implementation (MoSPI).
- New GDP series base year: 2022-23, release Feb 27, 2026.
- New CPI series base year: 2024.
- New surveys: National Household Travel Survey (NHTS) and Domestic Tourism Expenditure Survey (DTES), launched July 2025.
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