GENERAL21 Sept 2026
MoSPI explains changes in India's new national accounts methodology
India has changed how it measures inflation-adjusted growth in manufacturing. The Ministry of Statistics and Programme Implementation, or MoSPI, now uses Annual Survey of Industries data plus item-level output producer price index for its input-price measure. For business owners, this means the growth numbers you read may look different from before. Watch coming official releases and don't compare old and new series directly.
Key Statutory Highlights
- India's new national accounts methodology has introduced a new way of measuring inflation-adjusted growth in the manufacturing sector.
- MoSPI is using data from the Annual Survey of Industries for the input-price measure.
- The input-price measure also uses item-level output producer price index data.
Actionable Advice for Taxpayers / Founders:When you next read manufacturing growth figures, check whether they follow the new methodology, and consider asking your CA before using them in any business or pricing decision.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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