Govt mulls change in base year to 2022-23 from 2011-12 for computation of GDP

The government plans to change the base year for GDP computation to 2022-23 starting February 2026, reflecting a more accurate economic picture, according to MoSPI Secretary Saurabh Garg. This revision, first in over ten years, will incorporate new sectors and consumption patterns, with an advisory committee expected to complete the task by early 2026.