IMF gives India's national accounts a 'C' grade, highlighting need for updated GDP series

The IMF has given India's national account statistics a 'C' grade, indicating shortcomings that hamper surveillance. This assessment comes as India prepares to release a new GDP series with a 2022-23 base year in February 2026, aiming to improve data quality and timeliness. The IMF's evaluation, part of its annual consultations, also noted that other statistical areas received 'B' grades, considered broadly adequate despite some shortcomings.