MoSPI Secy Dr Saurabh Garg: Real-Time Data Will Sharpen India’s State GDP Est, Revise Methodology

Dr. Saurabh Garg, Secretary of MoSPI, discusses India's upcoming changes to GDP estimation, highlighting the use of real-time GST data to enhance state-level economic growth calculations. This updated methodology, set to launch with a new GDP series on February 27, 2026, will improve the measurement of the informal sector and inflation. Garg emphasizes the importance of base revisions due to changes in the economy and data sources like GST, e-Wahan, and PFMS. The shift will incorporate international methodological standards, improving the accuracy and credibility of India’s economic data. Workshops will help states strengthen their estimation capabilities.