India has decided to alter the release timing of its quarterly GDP data, shifting it to 4:00 PM IST. This change aims to align with major financial market closure times, promoting seamless data dissemination without market disruption. The Ministry of Statistics and Programme Implementation (MoSPI) made the announcement on Friday.

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• Quarterly GDP estimates will now release at 4:00 PM, effective from November 29, 2024.
• Previously, GDP data was released at 5:30 PM on the last day of each quarter.
• The adjustment aligns with the closing hours of key financial markets in India.
• The release time for inflation and Index of Industrial Production data also moved to 4:00 PM.
• The change ensures no interference with active trading sessions.
• MoSPI stated this shift underscores its commitment to data transparency and accessibility.
• The second quarter GDP for FY 2024-25 will be available on November 29 at the new time.
• This shift may help improve market response and investor decision-making by providing data post-market closure.
• The timing change covers all future GDP, inflation, and industrial production reports.