India plans to revise the base years for key economic indicators like GDP, WPI, CPI, and IIP starting January-February 2026. This update aims to maintain consistency and accuracy in economic measurements. The Advisory Committee on National Accounts Statistics (ACNAS) will determine the new base year for GDP, while 2024 is likely to be adopted for CPI, reflecting current market trends. This follows the previous update in 2015 when the base year for national accounts shifted from 2004-05 to 2011-12. Base years are crucial as they serve as reference points for calculating real economic growth adjusted for inflation, essential for economic planning and analysis.
India to Update Base Years for Economic Indicators by Early 2026
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