IndiaGDP

India Revamps GDP Calculation: New Base Year Set to 2022-23

21 days ago

In a significant move aimed at improving the accuracy and relevance of its economic measurements, India has announced that it will update the base year used for calculating its Gross Domestic Product (GDP) from 2011-12 to 2022-23. This decision, which is expected to provide a more accurate reflection of the country's economic activity amidst changing circumstances, marks a critical step in the government's efforts to enhance the country's financial transparency and policy effectiveness.

India Adjusts GDP Release Schedule Following Analysts' Feedback

2 months ago

In a significant adjustment aimed at enhancing transparency and meeting the needs of financial analysts, India’s Ministry of Statistics and Programme Implementation (MoSPI) has announced that the release schedule of its Gross Domestic Product (GDP) data will be moved earlier. This decision comes in response to complaints from analysts who pointed out that the existing release time was causing challenges in making timely economic assessments.