EconomyMonday, 22 June 2026·The Hindu - Economy
India’s statistical database upgrades: GDP, IIP, CPI, WPI and new PPI explained
India upgraded GDP, IIP, CPI, WPI and introduced PPI in 2026 to improve timeliness, coverage and accuracy of official statistics.
Key highlights
Direct fact
In 2026, the Government of India and MoSPI upgraded national accounts, the Index of Industrial Production, and inflation indices after the IMF gave India a ‘C’ grade in November for the quality of its national accounts statistics.
Key specifics
- MoSPI updated national accounts statistics in February 2026.
- The Index of Industrial Production (IIP) was updated in June 2026.
- The Consumer Price Index (CPI) was updated in February 2026, while the Wholesale Price Index (WPI) was updated in June 2026.
- The new Producer Price Index (PPI) was introduced by the Commerce Ministry in June 2026 and is set to replace the WPI in 5 years.
- The base year for GDP, GVA and IIP was 2011-12, while the CPI had a base year of 2012 before the upgrade to 2022-23.
Exam lens
TNPSC economy and statistics question type: match the index with ministry and base year; remember IMF ‘C’ grade, MoSPI February 2026, June 2026 updates, PPI replacing WPI in 5 years, and base year 2022-23.