Qcomm data may turn key input for new GDP maths

  • Posted on September 16, 2024
  • By Business News Today
  • 4 Views
Qcomm data may turn key input for new GDP maths

The government is considering using data from quick commerce platforms like Zepto, Blinkit, Instamart, and BigBasket to understand consumption patterns and economic activity. Quick commerce now accounts for 5-6% of household grocery spending and is growing rapidly. The Ministry of Statistics plans to revise the base year for national accounts to 2022-23 or 2023-24.
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