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- The IMF assigned a C grade to India’s national accounts data due to the outdated base year of 2011-12.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.