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‘GDP base year change may not alter Budget estimates’
Financial Express Pune
|February 16, 2026
REVISING THE BASE year for key economic indicators, such as gross domestic product (GDP) and consumer price index (CPI), is unlikely to significantly impact overall budget projections, said Ministry of Statistics and Programme Implementation (MoSPI) Secretary Saurabh Garg.
He described the Budget FY27 as “robust enough.”When asked if the revision exercise should have occurred before the Budget presentation, Garg explained that revising the base year is a lengthy and complex process, which the government has been working on for over two years. “There is a preset, fixed calendar for releasing GDP estimates, which has been announced earlier. Because of the length and complexity of the process, the release date was already decided well in advance,” Garg told FE.
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