MoSPI Holds Workshop on Upcoming GDP, CPI and IIP Base Revision

27 Nov 2025 CW Team

Speakers highlighted key methodological enhancements aimed at improving accuracy, frequency and granularity of India’s macroeconomic indicators. MoSPI noted that the revised GDP series will incorporate new data sources such as turnover details from MGT 7/7A forms for multi-activity enterprises, broader use of GST data for validating corporate frames and refined GVA estimation for the unincorporated sector using ASUSE and PLFS datasets. Annual estimates for this sector will replace the earlier indicator-based approach.

For the revised CPI, the Ministry outlined expanded coverage of markets, towns and items, adoption of COICOP 2018, refined compilation methods and the use of administrative and online data alongside modern technology tools. Proposed changes in the IIP focus on updating the item basket, replacing inactive units, improving data quality and exploring chain-based and seasonally adjusted indices.

Participants shared feedback during open-house discussions on data sources, transparency and policy implications. MoSPI officials addressed queries and confirmed that further consultative workshops will be held. The Ministry reiterated its commitment to strengthening the national statistical system in line with the vision of “data for development” and Viksit Bharat 2047.

The Ministry of Statistics and Programme Implementation organised a pre-release consultative workshop in Mumbai to outline proposed changes in the upcoming base revision of GDP, CPI and IIP. The event brought together around 160 participants, including representatives from international organisations, the Reserve Bank of India, economists, statisticians, financial experts and officials from Central and State departments. Senior leaders addressing the inaugural session included Prof S. Mahendra Dev, Dr Poonam Gupta, Dr Saurabh Garg and Shri N. K. Santoshi. Speakers highlighted key methodological enhancements aimed at improving accuracy, frequency and granularity of India’s macroeconomic indicators. MoSPI noted that the revised GDP series will incorporate new data sources such as turnover details from MGT 7/7A forms for multi-activity enterprises, broader use of GST data for validating corporate frames and refined GVA estimation for the unincorporated sector using ASUSE and PLFS datasets. Annual estimates for this sector will replace the earlier indicator-based approach. For the revised CPI, the Ministry outlined expanded coverage of markets, towns and items, adoption of COICOP 2018, refined compilation methods and the use of administrative and online data alongside modern technology tools. Proposed changes in the IIP focus on updating the item basket, replacing inactive units, improving data quality and exploring chain-based and seasonally adjusted indices. Participants shared feedback during open-house discussions on data sources, transparency and policy implications. MoSPI officials addressed queries and confirmed that further consultative workshops will be held. The Ministry reiterated its commitment to strengthening the national statistical system in line with the vision of “data for development” and Viksit Bharat 2047.

Infrastructure Energy

23 Dec 2025

Delhi HC Stays PGCIL Order against KEC International

KEC International has informed stock exchanges of a significant legal development concerning its eligibility to participate in tenders floated by Power Grid Corporation of India (PGCIL), in a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.The update follows the company’s earlier intimation dated November 18, 2025, regarding an order issued by PGCIL that excluded KEC International from participating in its tenders for a period of nine months. Challenging the said order, the company filed a writ petition before the Hon’ble High C..

Building Material

23 Dec 2025

LANXESS Advances Pigment Solutions for New-Age Concrete Technologies

LANXESS is deepening its engagement with next-generation concrete technologies by advancing research into the performance of iron oxide pigments across emerging construction applications, including self-compacting concrete (SCC), geopolymers and 3D-printed concrete. Through extensive investigations and long-term weathering tests, iron oxide pigments have proven their suitability for a wide range of concrete construction materials, though their use in new formulations requires a thorough understanding of construction chemistry and material interactions.According to Oliver Fleschentraeger, Techn..

Infrastructure Urban

23 Dec 2025

JHS Svendgaard to Invest Rs 250 Million in Kala Amb Expansion

JHS Svendgaard Laboratories (JHS), a leading Indian manufacturer of oral care products, has announced an investment of Rs 250 million to expand its manufacturing footprint in Kala Amb, Himachal Pradesh. The investment is aimed at strengthening production capacity, introducing advanced technologies and supporting the company’s next phase of growth in response to rising domestic and global demand.As part of the expansion plan, JHS will construct a new 100,000 sq ft manufacturing facility on its existing five-acre land parcel at Kala Amb. The project is expected to be executed over a two-year p..