Economy, Banking and Finance · 5 December 2025

Government of India (GoI) updates national accounts base year to 2022-23

Exam-focused facts from the 5 December 2025 current affairs briefing.

Key facts

  • Government of India (GoI) will revise the base year for national accounts from 2011-12 to 2022-23.
  • The new base year will come into effect from February 26-27 next year.
  • The update aims to ensure national account statistics better reflect the present structure of the economy.
  • The IMF assigned a C grade to India’s national accounts data due to the outdated base year of 2011-12.
  • India’s real GDP rose 8.2% during the July-September quarter.