The revamped national income accounts, with 2022-23 as the new base year, have revealed major differences in sectoral performance compared with the earlier 2011-12 series. According to the data provided by the National Statistics Office (NSO), the most striking divergence has occurred in manufacturing, “mining & quarrying,” and “public administration & defence and other services.” NSO data reveals that the manufacturing sector, which recorded double-digit growth in FY24 and FY26 (Year-on-Year), has seen an upward revision of 480 basis points (bps) in FY25 and 450 bps in FY26 in the new series compared to the old series for the same years.