Govt mulls change in base year for computation of GDP to 2022-23 from 2011-12
- Posted on September 19, 2024
- By Business News Today
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Govt mulls change in base year for computation of GDP to 2022-23 from 2011-12
The government is considering changing the base year for GDP computation to 2022-23 from the current 2011-12 to better reflect the economy. The Ministry of Statistics and Programme Implementation will propose this change to the Advisory Committee on National Accounts Statistics, with new estimates expected by February 2026.