India May Shift Growth Metric from GDP to NDP, Aligning with Global Norms

• India's statistics ministry is considering a shift from GDP to NDP as the primary economic growth measure.
• This move aligns with emerging global statistical norms and SNA 2025 recommendations, which advocate for net measures.
• NDP is considered conceptually superior to GDP as it accounts for depreciation, offering a clearer picture of economic progress and sustainability.
• The gap between GDP and NDP is substantial; for FY25, depreciation was Rs 37 lakh crore, making NDP significantly lower than GDP.
• While a shift to NDP as the headline metric is unlikely before 2029, India will release a new GDP series in February 2026 with a revised base year (2022-23).

Why It Matters: India explores shifting from GDP to NDP for growth measurement, aligning with global sustainability focus.