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The ministry will now launch 5 GDP numbers as a substitute of six, with the ultimate revision coming almost two years from the completion of the monetary yr as a substitute of three.
The third revised estimate for 2020-21, launched on February 29, would be the final estimate for 2020-21, whereas 2021-22’s second revised estimate would be the ultimate one.
“It has been determined to put off the third revised estimate for 2021-22 onwards,” in keeping with the notification.
The ultimate GDP quantity for 2022-23 can be launched in 2025.
The timeline for releasing the sooner estimates has not been tampered with, and the quarterly launch calendar has been stored the identical.That is the second change to the GDP calendar after 2023, when the federal government determined to launch a second advance estimate put up Funds on February 28 to keep away from confusion.ET had earlier reported that the federal government needs to rejig the GDP calendar and resolve on fewer releases.
