New Delhi: The government announced an economic indicators revision with updated series for key data sets and strengthened monitoring of major infrastructure projects through a digital platform.
Minister of State Rao Inderjit Singh shared the details in the Rajya Sabha while outlining recent actions by the Ministry of Statistics and Programme Implementation.
The ministry released revised estimates of the Consumer Price Index based on the base year 2024=100 on February 12, 2026. In addition, it released the updated Gross Domestic Product series based on 2022-23 on February 27, 2026.
Officials also confirmed that the revised Index of Industrial Production series will be released in May 2026. The new IIP series will use the base year 2022-23 and incorporate an updated methodology.
Meanwhile, the ministry continues to update economic classifications to align with global standards. The latest National Industrial Classification, NIC-2025, was published in November 2025 and aligns with the United Nations’ International Standard Industrial Classification Revision 5.
Economic indicators revision linked with digital project monitoring
The ministry also monitors major infrastructure projects costing ₹150 crore and above. This monitoring responsibility follows the Government of India Allocation of Business Rules, 1961.
Officials track these projects through an online system called Project Assessment Infrastructure Monitoring and Analytics for Nation-Building. The platform integrates with the Integrated Project Monitoring Portal of the Department for Promotion of Industry and Internal Trade.
Line ministries, departments and implementing agencies regularly update project details on the portal. The system then transfers this information to the PAIMANA platform through application programming interfaces.
Authorities said the digital monitoring framework helps track the progress of major projects across sectors. As a result, the government can improve oversight and ensure timely implementation of infrastructure initiatives.
The ministry said the economic indicators revision and upgraded monitoring systems will strengthen statistical reporting and improve transparency in project tracking across the country.
