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A REVISION OF GDP AND ITS IMPLICATIONS Why in the News? India has released a revised GDP series with 2022–23 as the new base year, replacing the earlier 2011–12 base year series. The revision reduces the estimated absolute size of GDP and alters the sectoral composition of production in the economy. While the correction in …
Read MoreBASE YEAR REVISION OF KEY ECONOMIC INDICATORS Why in the News? Official Decision: Ministry of Statistics and Programme Implementation decided to revise GDP, CPI and IIP base years through a comprehensive statistical exercise. Release Timeline: New series timelines announced for GDP, CPI and IIP during February–May 2026. Global Alignment: Revision aligned with IMF’s SDDS standards …
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