On May 16, 2025, the Ministry of Statistics and Programme Implementation (MoSPI) released the National Accounts Statistics – 2025, a vital resource for understanding the Indian economy. This publication provides detailed data on national income, production, and expenditure aggregates, serving as an essential tool for policymakers, researchers, and analysts. This article explores the key features, significance, and components of this comprehensive report.
Overview of the Publication
Purpose and Scope
The National Accounts Statistics – 2025 offers a granular view of India’s economic performance, presenting structured data on Gross Domestic Product (GDP), Gross Value Added (GVA), consumption, savings, and capital formation. Aligned with the United Nations System of National Accounts (SNA), the estimates are provided at both current and constant (2011-12) prices, enabling a robust analysis of economic trends and structural changes.
Release Context
This publication builds on the First Revised Estimates of GDP for FY 2023–24 and Final Estimates for FY 2022–23, released in February 2025. It incorporates updated data from administrative and survey sources, offering a refined perspective on key macroeconomic indicators. The full report is available for download on the MoSPI website.
| Aspect | Details |
|---|---|
| Release Date | May 16, 2025 |
| Publisher | Ministry of Statistics and Programme Implementation (MoSPI) |
| Key Data | GDP, GVA, consumption, savings, capital formation |
| Time Period | FY 2022–23 (Final), FY 2023–24 (First Revised), 2011–12 onwards |
Key Components of the Publication
Macroeconomic Indicators
The report provides detailed estimates for critical economic metrics, including:
- GDP and GVA: Final estimates for FY 2022–23 and first revised estimates for FY 2023–24, with time-series data since FY 2011–12.
- Consumption: Disaggregated data on private and government consumption expenditure.
- Savings: Insights into household, corporate, and government savings patterns.
- Capital Formation: Analysis of gross and fixed capital formation across sectors.
Sectoral Analysis
A standout feature is the sectoral breakdown of economic performance, covering:
- Agriculture: Output and value added from crops, livestock, forestry, and fishing.
- Industry: Data on mining, manufacturing, electricity, and construction.
- Services: Insights into trade, transport, financial services, and real estate.
This detailed analysis helps stakeholders understand the contributions of each sector to the Indian economy.
Structure of the Report
List of Statements
The publication includes 60 detailed statements, covering various aspects of national accounts. Some key statements include:
| Statement No. | Name |
|---|---|
| 1 | Key aggregates of national accounts at current and constant prices |
| 2 | Per Capita Income, Product, and Final Consumption |
| 5 | Gross Value Added (GVA) by economic activity |
| 13 | Private Final Consumption Expenditure |
| 20 | Financial assets and liabilities of the household sector |
These statements provide a comprehensive dataset for in-depth economic analysis, available on the MoSPI website.
Additional Updates
The National Accounts Statistics – 2024 has also been updated with statements on the Sequence of Accounts for different institutional sectors, accessible at MoSPI’s 2024 publication page.
Why It Matters
The National Accounts Statistics – 2025 is a cornerstone for understanding India’s economic landscape. By providing detailed and reliable data, it empowers policymakers to design informed strategies, researchers to analyze trends, and stakeholders to evaluate economic progress, contributing to India’s growth trajectory.
Key Highlights
- Release Date: May 16, 2025, by MoSPI.
- Key Metrics: GDP, GVA, consumption, savings, and capital formation for FY 2022–23 (Final) and FY 2023–24 (First Revised).
- Sectoral Coverage: Detailed analysis of agriculture, industry, and services.
- Data Structure: 60 statements covering national accounts, including per capita income, capital stock, and external transactions.
- Accessibility: Available for download on the MoSPI website.
- Significance: Critical for policymakers, researchers, and analysts to evaluate India’s economic performance.