Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
'Speculation about credibility of economic data is unwarranted'
Financial Express Bengaluru
|November 21, 2025
SAURABH GARG, SECRETARY, MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION (MOSPI)
-
The revised series of key economic indicators — GDP, IIP and CPI — are slated to be unveiled in 2026. The exercise is expected to make India’s economic data more robust.
Saurabh Garg, secretary, Ministry of Statistics and Programme Implementation (MoSPI), speaks to Kuldeep Singh about the key features of the new data series. He also allays concerns expressed by some quarters about the “volatility” of data and strongly refutes notions of “waning credibility” of the country’s statistical system. Excerpts:
Why did it take so long to revise the base years of key economic indicators?
It was essentially due to the Covid-19 pandemic that we couldn’t undertake the revisions. Because of Covid, there was a disruption in the economy and changes in consumption patterns. We waited for the disruptions to ease.
What are the salient features of the revised GDP series (with 2022-23 as the base year)?
This story is from the November 21, 2025 edition of Financial Express Bengaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Bengaluru
Financial Express Bengaluru
Airtel continues to lead in user addition at 5.09 mn
VI'S MARCH SUBSCRIBERS RISE BY 103,000 AS PER TRAI DATA
2 mins
April 23, 2026
Financial Express Bengaluru
Fiscal deficit may surpass BE to 4.6%*: SBI Research
THE CENTRE'S FISCAL deficit could widen to 4.6% of the gross domestic product (GDP), exceeding the FY27 Budget Estimate (BE) of 4.3%, driven by additional spending on subsidies, excise duty cuts and economic support measures, SBI Research said on Wednesday.
1 min
April 23, 2026
Financial Express Bengaluru
We want to triple m-cap to ₹5 lakh cr in five years’
PIROJSHA GODREJ, CHAIRMAN-DESIGNATE, GODREJ INDUSTRIES GROUP
2 mins
April 23, 2026
Financial Express Bengaluru
Jupiter Wagons' Vikash Lohia tops next-gen biz leaders list
JUPITER WAGONS' VIKASH LOHIA, a second-generation business leader, has topped the inaugural 2026 ASK Private Wealth Hurun India Successors 50, having multiplied his company's market cap 152.8 times in just six years.
1 min
April 23, 2026
Financial Express Bengaluru
IT drags down markets; rupee extends losses
BOTH FOREIGN PORTFOLIO investors (FPIs) and domestic institutional investors (DIIs) were net sellers during the session, offloading shares worth %2,078 crore and &1,048 crore, respectively,according to provi- sional BSE data.
1 mins
April 23, 2026
Financial Express Bengaluru
Jio Financial, Allianz sign 50:50 general insurance JV
Entry set to raise competition in ₹3.36 lakh-crore non-life market
1 mins
April 23, 2026
Financial Express Bengaluru
Trump extends ceasefire
FROM THE FRONT PAGE
1 min
April 23, 2026
Financial Express Bengaluru
Microsoft to face UK class action
MICROSOFT MUST FACE a UK classaction trial over allegations it abused its dominant position in the market to overcharge businesses that used the Windows Server operating system and Azure, an antitrust tribunal has ruled.
1 min
April 23, 2026
Financial Express Bengaluru
Talks underway to assess Mythos risks
THE RESERVE BANK of India (RBI) is in talks with global regulators, Indian lenders and government officials to understand the potential risks posed by Anthropic's new artificial intelligence model Mythos, three sources said.
1 min
April 23, 2026
Financial Express Bengaluru
Tesla drives in new model, talks robots and more
FOR TESLA ENTHUSIASTS in India, there’s now more on the menu.
1 min
April 23, 2026
Listen
Translate
Change font size