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Essential upgrades: On upgrades to India’s statistical databases
India has significantly upgraded its statistical databases, improving GDP, industrial production, and price measurements. New base years (e.g., 2022-23 for GDP/IIP, 2024 for CPI) now align data with international best practices and reality. Methodological enhancements, including double-deflator approach and inclusive CPI baskets, bolster data robustness. The Commerce Ministry updated WPI and introduced a new Producer Price Index. These comprehensive updates are poised to significantly improve India's international data ratings, marking a crucial advancement for economic statistics.
The Hindu · The Hindu · Jun 18, 2026 at 7:53 PM