NSO revises Q4, fiscal GDP data release date to Jun 7

The National Statistics Office (NSO) has revised the release date of the annual and March quarter GDP data to June 7 from the last working day of May.

In case June 7 is a holiday, the data will be released on the previous working day, as per a statement by Ministry of Statistics & Programme Implementation (MoSPI).

Consequently, GDP data for fiscal year 2025-26 and March quarter will be released on June 5.

The revision has been made after due consultation with the Advisory Committee on National Accounts Statistics (ACNAS) with a view to further strengthen the data quality.

”The National Statistics Office (NSO)… has revised the release date of the Provisional Estimates of Annual Gross Domestic Product (GDP) and Quarterly Estimates of GDP for Fourth Quarter (Q4) from last working day of May to 7th June (or the previous working day if 7th June is a holiday) of every year,” it said.

The need for revising the release date has arisen as certain critical datasets become available only after a lag of up to two months.

In particular, the statutory timeline for filing audited Q4 and annual financial results by listed companies is 60 days from the end of financial year, resulting in a large number of companies furnishing their financial statements closer to the deadline of May 31.

Further, in respect of Central Government Accounts, key fiscal data relating to revenue expenditure, capital expenditure, taxes, subsidies, and interest payments for the month of March are finalized and become available only after a lag of two months.

This revision forms part of the continued efforts of the ministry towards improving the quality, coverage and robustness of data used in national accounts compilation and is also aligned with prevailing international best practices.