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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
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    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
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    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
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    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
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    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
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      NATIONAL ACCOUNTS STATISTICS - 2025 PUBLICATION

      May 17, 2025

      Contents
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      The Ministry of Statistics and Programme Implementation (MoSPI) has released the ‘National Accounts Statistics – 2025’ publication, a comprehensive source of data on the national income, production, and expenditure aggregates of the Indian economy. The publication offers more granular view of the national accounts, through structured data statements and serves as a critical statistical input for policymakers, researchers, analysts, and stakeholders in understanding and evaluating the performance and structural changes in the Indian economy.

      This publication follows the First Revised Estimates of GDP for the FY 2023–24 and Final Estimates for FY 2022-23, which were released in February 2025, providing headline macroeconomic indicators.

      The publication provides detailed estimates of Gross Domestic Product (GDP), Gross Value Added (GVA), consumption, savings, capital formation, and related macroeconomic indicators. These estimates are presented at current and constant (2011-12) prices and are based on the methodologies in alignment with the United Nations System of National Accounts (SNA).

      Key Highlights:

      • GDP and GVA estimates for the years 2022-23 (Final Estimates) and 2023-24 (First Revised Estimates), incorporating updated data inputs from administrative and survey sources along with the time series data since the FY 2011-12.
      • Detailed sectoral analysis of economic performance, covering agriculture, industry, and services.
      • Disaggregated estimates on consumption, savings, and capital formation across households, corporate sector, and government.

      The ‘National Accounts Statistics – 2025’ statements (Annexure) are available for download on the MoSPI official website at: https://www.mospi.gov.in/publication/national-accounts-statistics-2025 .

      In addition, the publication, ‘National Accounts Statistics – 2024’ is updated by including the statements on Sequence of Accounts of different institutional sectors. These statements are available at: https://www.mospi.gov.in/publication/national-accounts-statistics-2024 .

      Annexure

      National Accounts Statistics - 2025: List of Statements

      Ser.  No.

      Name of the Statement

      1.

      Key aggregates of national accounts at current and constant prices

      2.

      Per Capita Income, Product and Final Consumption at current and constant prices

      3.

      Price and Quantum Indices

      4.

      Output by Economic activity and Capital formation by Industry of use at current and constant prices

      5.

      Gross Value Added (GVA) by economic activity at current and constant prices

      6.

      Percentage Share of GVA by economic activity at current and constant prices

      7.

      Percentage change in GVA by economic activity at current and constant prices

      8.

      Net Value Added by economic activity at current and constant prices

      9.

      Consumption of Fixed Capital (CFC) by economic activity at current and constant prices

      10.

      Finances for Gross Capital Formation (GCF) at current prices

      11.

      Gross Capital Formation by industry of use at current and constant prices

      12.

      Gross Fixed Capital Formation (GFCF) by asset & institutional sector at current and constant prices

      13.

      Private Final Consumption Expenditure at current and constant prices

      14.

      FISIM by uses - Intermediate Consumption and Expenditure at current prices

      15.

      Institutional Sectoral Accounts-Key Economic Indicators at current prices

      16.

      Value added by central and state governments at current and constant prices

      17.

      Expenditure of General Government classified by function, COFOG at current prices

      18.

      Private final consumption expenditure classified by item at current and constant prices

      19.

      Individual consumption expenditure by households and general government at current and constant prices

      20.

      Financial assets and liabilities of the household sector at current prices

      21.

      Detailed external transactions accounts at current prices

      22.

      Selected aggregates of external transactions at constant prices

      23.

      Output, value added, CE, OS/MI, by industry at current prices

      24.

      Output, value added, CE, OS/MI, by industry - Public Sector at current prices

      25.

      Output, value added, CE, OS/MI, by industry -Private Corporations at current prices

      26.

      Output, value added, CE, OS/MI, by industry -Households at current prices

      27.

      GCF, GFCF, Change in Stock (CIS), CFC, by industry at current and constant prices

      28.

      GCF, GFCF, CIS, CFC, by industry - Public Sector at current and constant prices

      29.

      GCF, GFCF, CIS, CFC, by industry - Private Corporations at current and constant prices

      30.

      GCF, GFCF, CIS, CFC, by industry - Households at current and constant prices

      31.

      GFCF by type of asset and by industry at current prices

      32.

      GFCF by type of asset and by industry - Public Sector at current prices

      33.

      GFCF by type of asset and by industry - Private Corporations at current prices

      34.

      GFCF by type of asset and by industry - Households at current prices

      35.

      Net Capital Stock by industry of use at current prices

      36.

      Net Capital Stock by industry of use - Public Sector at current prices

      37.

      Net Capital Stock by industry of use - Private Corporations at current prices

      38.

      Net Capital Stock by industry of use - Households at current prices

      39.

      Output & Value Added from crop sector at current and constant prices

      40.

      Crop-wise value of output at current and constant prices

      41.

      Output & Value Added from livestock at current and constant prices

      42.

      Output & Value Added from forestry and logging at current and constant prices

      43.

      Output & Value Added from fishing & aquaculture at current and constant prices

      44.

      Output & Value Added from mining & quarrying at current and constant prices

      45.

      Output from manufacturing in Corporate Sector at current and constant prices

      46.

      Value Added from manufacturing in Corporate Sector at current and constant prices

      47.

      Output from manufacturing in Household Sector at current and constant prices

      48.

      Value Added from manufacturing in Household Sector at current and constant prices

      49.

      Output & Value Added from electricity, gas, water supply & other utility services at current and constant prices

      50.

      Output & Value Added from construction at current and constant prices

      51.

      Output and Value Added from trade, repair services, hotels & restaurants at current and constant prices

      52.

      Output & Value Added from transport services at current and constant prices

      53.

      Output & Value Added from storage, communication & services related to broadcasting at current and constant prices

      54.

      Value Added from financial services at current and constant prices

      55.

      Output & Value Added from real estate, ownership of dwelling & professional services at current and constant prices

      56.

      Output & Value Added from other services at current and constant prices

      57.

      Output, value added, CE, OS/MI, by industry - General Government at current prices

      58.

      Output, value added, CE, OS/MI, by industry – Departmental Enterprises at current prices

      59.

      Output, value added, CE, OS/MI, by industry – Non-Departmental Enterprises at current prices

      60.

      Depreciation as provided in book of accounts at current prices

       

       

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