Household debt and investment data to be included in GDP measurement from FY28: report

India’s national statistical authorities plan to include the results of the upcoming All-India Debt and Investment Survey (AIDIS) in calculating gross domestic product for the year ending March 2028, according to a report.

According to a report in The Economic Times citing a government official, this would highlight the role of household balance sheet data in measuring investment in the economy, marking a significant update in the methodology for tracking capital formation.

AIDIS, scheduled between July 2026 and June 2027, will provide data directly feeding into baseline estimates of gross fixed capital formation (GFCF), a central component of GDP covering assets such as housing, land and durable goods, the report adds.

The Ministry of Statistics and Program Implementation (MoSPI) conducts AIDIS every five years. The previous cycle took place in 2019. The organization’s ongoing revision of the GDP base year to 2022-23, replacing the 2011-12 series, further supports the integration of contemporary data sources.

The revised GDP framework will incorporate AIDIS 2019 data on housing repair and maintenance costs, replacing AIDIS 2013 used in the current series. This adjustment is consistent with the System of National Accounts, which stipulates sectoral estimates for several asset categories.

AIDIS results also contribute to estimates of intellectual property products and investments in the household sector. MoSPI will conduct the AIDIS along with the Farm Household Situation Assessment Survey as part of the 81st round of the National Sample Survey (NSS).