GDP Base Year Change: Big update for compilation of Gross Domestic Product - Details
Rao Inderjit Singh, Minister of State (Independent Charge) of the Ministries of Statistics and Programme Implementation, Planning, and Culture, provided this information in a written reply to the Rajya Sabha today.
Government to update base year for compilation of Gross Domestic Product from 2011-12 to 2022-23
The Government has decided to update the base year for compilation of Gross Domestic Product (GDP) from 2011-12 to 2022-23. An Advisory Committee on National Accounts Statistics (ACNAS) comprising of representatives from Central and State Government,
India to update GDP base year to fiscal 2023
India is set to update the base year for calculating gross domestic product (GDP) to fiscal 2023 from fiscal 2012, Minister for Statistics Rao Inderjit Singh told Parliament on Monday.
India to Update Base Year for Calculating GDP to 2022-23
India will change the base year for compiling its gross domestic product to 2022-23 from 2011-12, Statistics Minister Rao Inderjit Singh said in a written reply in parliament on Monday.
India to revise GDP base year from 2011-12 to 2022-23
India is updating its GDP base year from 2011-12 to 2022-23 by February 2026 for a more accurate economic reflection. A committee has been formed to oversee this transition. Additionally, new monthly labour force estimates will be released from January 2025 to enhance data-driven decision-making.
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