India is set to adopt a new GDP series with 2022-23 as the base year, replacing the 2011-12 series currently in use. While base revisions are a routine statistical exercise, this update comes after a gap of nearly 10 years.
As India shifts to 2022-23 as the new base year for measuring GDP, here’s a simple look at the key data concerns raised over the years—and whether the latest revision fixes them.
Summary
As India shifts to 2022-23 as the new base year for measuring GDP, here's a simple look at the key data concerns raised over the years—and whether the latest revision fixes them.