India plans more frequent updates to key economic indicators to reflect modern spending patterns
India will update its economic base years every few years to better reflect modern spending. The new system includes digital services and e-commerce data.
Insights:
India 
IN has announced a major policy shift in how it tracks economic performance, with the Ministry of Statistics and Programme Implementation (MoSPI) committing to revise the base year for key indicators every three to five years. This new cycle will apply to the consumer price index (CPI), gross domestic product (GDP), and industrial output. The decision, announced by Saurabh Garg, is intended to ensure that national statistics more accurately reflect the rapid structural changes occurring within the domestic economy.
IN has announced a major policy shift in how it tracks economic performance, with the Ministry of Statistics and Programme Implementation (MoSPI) committing to revise the base year for key indicators every three to five years. This new cycle will apply to the consumer price index (CPI), gross domestic product (GDP), and industrial output. The decision, announced by Saurabh Garg, is intended to ensure that national statistics more accurately reflect the rapid structural changes occurring within the domestic economy.
