The Indian government has decided to revise the base year for GDP calculation from 2011-12 to 2022-23. This change, announced by Minister Rao Inderjit Singh, aims to reflect structural economic changes and ensure accurate economic data. The advisory committee, ACNAS, comprising members from the Reserve Bank of India, state governments, and academia, will assist in this revision, expected to be completed by early 2026. Regular updates align with international practices for economic data collection.
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