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Key Economic Gauges may Shift Base to FY23

The government is considering a change in the base year for key economic indices to FY23, as well as a revamp of several datasets, to better capture structural changes in the economy, said people aware of deliberations on the matter. ....

Arvind Subramanian , Josh Felman , Pronab Sen , Sudipto Mundle , National Income , Br Ambedkar School Of Economics University , National Statistical Commission , Industrial Production , Wholesale Price Index , Consumer Price Index , Reserve Bank , Economics University ,

'The real GDP was captured better'

Revision of the base year for both CPI and GDP are long overdue.
The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.
We have since seen the emergence of new sectors like platform-based work and online marketing.
The employment surveys and the consumption surveys need to reflect these adequately. ....

New Delhi , Ashoka Mody , Arvind Subramanian , Maruti Suzuki , Josh Felman , Dominic Xavier Rediff , Pronab Sen , Exchange Board Of India , Un System Of National , India Inc Illustration , Indian National , National Accounts Statistics Sources , Programme Implementation Mo , National Statistical Commission Pc Mohanan , Business Standard , Chief Statisticians Pronab Sen , Exchange Board , Programme Implementation , Supply Use Tables , National Accounts , Indian National Account , Basic Prices , Factor Cost , Accounts Statistics Sources , Benchmark Indicator , Industrial Production ,