MoSPI reduces no. of GDP estimates, timeline by a year

New Delhi: The Ministry of Statistics and Programme Implementation (MoSPI) reduced the number of estimates and the timeline for releasing final estimates for GDP by one year, by doing away with the third revised estimate.

The ministry will now release five GDP numbers instead of six, with the final revision coming nearly two years from the completion of the financial year instead of three.

The third revised estimate for 2020-21, released on February 29, will be the last estimate for 2020-21, whereas 2021-22's second revised estimate will be the final one.


"It has been decided to do away with the third revised estimate for 2021-22 onwards," according to the notification.

The final GDP number for 2022-23 will be released in 2025.

The timeline for releasing the earlier estimates has not been tampered with, and the quarterly release calendar has been kept the same.

This is the second change to the GDP calendar after 2023, when the government decided to release a second advance estimate post Budget on February 28 to avoid confusion.

ET had earlier reported that the government wants to rejig the GDP calendar and decide on fewer releases.