Centre decides to shift GDP base year to 2022-23 from 2011-12, forms panel: Why it matters

Quick Summary:

A panel comprising RBI representatives, central and state government officials, and academia experts has been formed to update the base year for GDP calculation to 2022-23 from 2011-12.

The panel, chaired by Biswanath Goldar, aims to complete the revision by early 2026.

These estimates, including constant (1948-49) and current prices, along with Public Authority accounts, were published in 1956 in a report titled Estimates of National Income.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaGuineaOman

Topics: Economic activity data 2022-23 base year Reserve Bank of India National accounts Business news Advisory Committee on National Accounts Statistics GDP revision

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 20:26:57 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 669 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 24038564

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