{
  "id": 9290770,
  "title": "From rooftop solar to household gold: 5 lesser-known changes in India’s new GDP series",
  "url": "https://urgent.news/2026/09/23/from-rooftop-solar-to-household-gold-5-lesser-known-changes-in-indias",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T06:53:01.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/explained/explained-economics/new-gdp-series-key-changes-methodology-10890246/"
  },
  "original_language": "en",
  "account": "The new GDP series from India's Ministry of Statistics and Programme Implementation (MoSPI) has brought about several subtle changes, beyond the widely-discussed updates like the shift in base year and the implementation of double deflation methods. Five of these alterations, described in MoSPI's 'Sources and Methods' document, have been highlighted below.\n\nFirstly, when it comes to classifying enterprises based on their sector, the changes focus on how an entity's activities are categorized. In the past, an enterprise involved in both manufacturing and services would be placed in one sector based on its 'major activity'. Now, MoSPI's new series determines an enterprise's sector based on the proportion of its GVA generated from each activity. For instance, if an entity has 20% of its GVA from services and 80% from manufacturing, the GVA from services would be categorized under that sector.\n\nSecondly, the MoSPI has introduced two new forms, MGT-7 and MGT-7A, that companies must fill out every financial year. These forms present details on financial results, management structure, shareholding, loans, and the various business activities contributing to the company's turnover. By using these forms, the MoSPI can more accurately calculate each sector's contribution to GDP.\n\nThirdly, government housing services have now been accounted for in the new GDP series. This includes the cost of government-provided accommodations, after deducting the costs of maintenance and usage, for those employees receiving such services.\n\nFourthly, the MoSPI has altered the 'useful life' of certain assets in their calculations. For example, dwellings now have an assumed average useful life of 60-75 years, down from the previous range of 70-80 years. This change is based on factors like technological advancements, obsolescence, and changes in maintenance practices and regulations.\n\nFifthly, the compilation of household savings has been updated. Financial savings such as shares, debentures, and mutual funds, previously estimated by the Reserve Bank of India, are now derived from data provided by the Securities and Exchange Board of India. Additionally, the newer All India Debt and Investment Survey 2019 informs the estimation of household savings in valuables like gold and silver, leading to a significant increase in the nominal value of these savings in the new series.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "India Gold price today: Gold falls, according to FXStreet data",
        "url": "https://urgent.news/2026/09/23/india-gold-price-today-gold-falls-according-to-fxstreet-data",
        "published": "2026-09-23T04:34:58.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}