The National Statistics Office (NSO) has officially adjusted the schedule for releasing key economic figures. Provisional estimates for India's annual Gross Domestic Product (GDP) and GDP for the fourth quarter (Q4) will now be published on June 7. This new date replaces the original plan for release on the last working day of May.
### Reasons for the Delay: Data Availability and Quality
The delay is necessary to include essential data that is usually available only after a substantial lag, often up to two months. For instance, listed companies have a 60-day deadline after the fiscal year-end to submit their audited financial results for the fourth quarter and the full year. Many companies provide these statements near the original May 31 deadline. Furthermore, important fiscal data from the central government for March, covering revenue and capital spending, taxes, subsidies, and interest payments, is also finalized about two months later.
The NSO, which is part of the Ministry of Statistics and Programme Implementation (MoSPI), confirmed that this schedule change was made after consulting the Advisory Committee on National Accounts Statistics (ACNAS). The goal is to improve the quality and reliability of the data. This step aligns with international standards for compiling national accounts, prioritizing accuracy and completeness.
India Delays GDP Data to June 7 for Enhanced Data Quality
ECONOMY
Overview
The National Statistics Office (NSO) has postponed the release of India's annual and fourth-quarter Gross Domestic Product (GDP) data. The figures, initially due end-May, will now be published on June 7, or the preceding working day if the 7th falls on a holiday. This adjustment aims to incorporate datasets that become available with a two-month lag, enhancing data quality.
Instant Stock Alerts on WhatsApp
Used by 10,000+ active investors
1
Add Stocks
Select the stocks you want to track in real time.
2
Get Alerts on WhatsApp
Receive instant updates directly to WhatsApp.
- ✓Quarterly Results
- ✓Concall Announcements
- ✓New Orders & Big Deals
- ✓Capex Announcements
- ✓Bulk Deals
- ✦And much more
Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.