National Accounts Statistics
Institutional Framework
National Accounts Statistics (NAS) is India's annual compilation of macroeconomic aggregates: GDP, GNI (Gross National Income), NNP (Net National Product), savings, investment, and sector-level value added. It is compiled by MoSPI under the UN System of National Accounts (SNA) framework.
Two GDP estimates are released annually: (1) Advance Estimate (January of the fiscal year), (2) First Revised Estimate (January of following year), followed by Second and Third Revisions. Quarterly GDP estimates (QGDP) are also published.
- MoSPI: nodal ministry; National Statistical Commission (NSC) provides oversight
- Frequency: Annual NAS + quarterly QGDP estimates
- GDP measurement approaches: Production/Value Added Approach (primary), Expenditure Approach, Income Approach
- Previous structural revision: 2011-12 series adopted SNA 2008 framework in January 2015
- IIP (Index of Industrial Production) base year revision: scheduled May 2026 (from 2011-12 to 2022-23)
● Tracked since February 24, 2026 · last seen March 13, 2026 · updates as the daily brief publishes
See it in today’s brief.
Daily current affairs with every static concept explained in place.
Read the daily brief