Revised GDP series will have new, real-time data sources

By

Anoushka Sawhney

, ET BureauLast Updated: Dec 27, 2024, 12:43:00 AM IST

Synopsis

The revised GDP series slated for release in 2026 will utilize new data sources like E-Vahan and eGram Swaraj for more accurate data. The Ministry of Statistics aims to enhance administrative statistics by incorporating real-time data from various ministries, including vehicle registrations and public finance systems.

New Delhi: The revised gross domestic product (GDP) series, scheduled for release in 2026, will incorporate new and real-time data sources like E-Vahan and eGram Swaraj, according to sources.

The Ministry of Statistics and Programme Implementation (MoSPI) is reaching out to various ministries to enable the use of alternative datasets, they added.

eGram Swaraj, a portal by the Ministry of Panchayati Raj, includes panchayat profile, budget monitoring, and the progress on utilisation of central/state schemes. The road transport and highways ministry's E-Vahan dashboard provides comprehensive data on vehicle registrations, categorised by fuel type and states.

Currently, MoSPI relies on data from Society of Indian Automobile Manufacturers (SIAM) for vehicle sales.

Additionally, the revised GDP series will source data from Goods and Service Tax (GST) and Public Finance Management System (PFMS), the person said. This series is set to be released in February 2026 when the first revised estimate of 2024-25 will be published. The Advisory Committee on National Account Statistics (ACNAS) has decided 2022-23 as the new base year.

As the statistics ministry aims to enhance the use of administrative statistics, they are also seeking new data that could be utilised directly or indirectly in the revised GDP series to make the data more accurate. It has written to various ministries and departments to source data.

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