New Delhi | December 23, 2025 | NewsAdd

The Health and Development Commission, in collaboration with the Ministry of Statistics and Programme Implementation (MoSPI), organized the Second Pre-Release Consultation Workshop on the Base Revision of Gross Domestic Product (GDP), Consumer Price Index (CPI), and Index of Industrial Production (IIP) on December 23, 2025, at Bharat Mandapam, Pragati Maidan, New Delhi.

The workshop was conducted to strengthen transparency, stakeholder engagement, and informed dialogue before the official release of the revised statistical series. The first pre-release consultation workshop was earlier held on November 26, 2025, in Mumbai.

Objective of the Workshop

The primary objective of the workshop was to share the proposed methodologies and structural improvements related to the revised GDP, CPI, and IIP series with stakeholders, ensuring wider consultation and clarity prior to publication.

As per the announcement:

• The new GDP and IIP series (Base Year: 2022–23) will be released on February 27, 2026, and May 28, 2026, respectively.

• The new CPI series (Base Year: 2024) will be released on February 12, 2026.

Distinguished Dignitaries in Attendance

The inaugural session was graced by several eminent dignitaries, including:

• Shri Suman K. Bery, Vice Chairman, NITI Aayog (Chief Guest)

• Dr. Saurabh Garg, Secretary, Ministry of Statistics and Programme Implementation

• Dr. V. Anantha Nageswaran, Chief Economic Adviser, Government of India

• Shri N. K. Santoshi, Director General (Central Statistics), MoSPI

The workshop saw participation from renowned economists, financial institutions, banking experts, subject specialists, senior government officials from the Centre and States, and key data users.

Key Highlights from the Inaugural Addresses

Shri Suman K. Bery, Vice Chairman of NITI Aayog, emphasized the importance of engaging with data users and stakeholders to address concerns related to credibility and authenticity of official statistics. He noted that as India progresses toward becoming a high-middle-income country, accurate and reliable data is crucial for monitoring economic transformation.

Dr. Saurabh Garg, Secretary, MoSPI, highlighted the importance of data-driven decision-making to achieve the vision of “Viksit Bharat 2047.” He outlined key improvements in the revised series, including:

• Use of the Annual Survey of Unincorporated Sector Enterprises for better measurement of the informal sector

• Adoption of dual deflation instead of single deflation

• Integration of GST and Public Financial Management System (PFMS) as high-frequency data sources

• Alignment of Supply and Use Tables (SUT) with the National Accounts framework

• Real-time CPI data collection with enhanced rural and urban market coverage

• Compilation of IIP at a more granular level

Dr. V. Anantha Nageswaran, Chief Economic Adviser, appreciated MoSPI’s efforts in organizing the workshop and stated that while measuring the informal sector remains challenging, a transparent and consistent methodology is essential to present a realistic picture of the economy.

Technical Sessions and Stakeholder Interaction

Following the inaugural session, three technical sessions were conducted focusing on:

1. National Accounts

2. Consumer Price Index (CPI)

3. Index of Industrial Production (IIP)

These sessions presented the proposed improvements in detail, followed by open discussions where participants raised questions and shared feedback. The discussion papers related to the revised series are available on the Ministry’s official website (mospi.gov.in). Stakeholders have been invited to submit their comments and suggestions on the proposed changes.

Conclusion

The workshop marked a significant step toward enhancing statistical transparency, methodological robustness, and stakeholder confidence in India’s key economic indicators. The revised GDP, CPI, and IIP series are expected to play a crucial role in shaping economic policy, research, and governance in the coming years.

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