India Revises GDP Data Release Date to June 7 Annually
GDP data release revised to June 7 each year
The Economic Times
Image: The Economic Times
India's Ministry of Statistics has moved the release date for provisional GDP estimates and fourth quarter GDP data to June 7 each year, allowing for more accurate data collection. The first revised release will be for FY26 and Q4FY26 on June 5, addressing delays in data availability from companies and government fiscal reports.
- 01The GDP data release date is now June 7 annually.
- 02The change allows for more accurate data collection.
- 03The first revised release will be on June 5 for FY26 and Q4FY26.
- 04Delays in data submission from companies influenced this decision.
- 05Key central government fiscal data also contributes to the need for a later release.
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The Ministry of Statistics in India has revised the release schedule for provisional Gross Domestic Product (GDP) estimates and fourth quarter GDP data to June 7 each year, or the previous working day if it falls on a holiday. This adjustment comes after discussions with the Advisory Committee on National Accounts Statistics (ACNAS) and aims to address the delays in data availability. Many companies submit their audited financial results close to the May 31 deadline, which has historically impacted the accuracy of GDP estimates. The first revised release will be for the provisional GDP estimates for FY26 and Q4FY26, set for June 5. Additionally, key fiscal data from the central government, including revenue expenditure and capital expenditure, is often finalized with a two-month lag, further necessitating this change.
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This change will likely lead to more accurate economic indicators, impacting economic planning and policy decisions in India.
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