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IIP METHODOLOGY UPDATE
India overhauls inflation framework with new Producer Price Index, revised WPIIndia is set to introduce a new Producer Price Index and a revamped Wholesale Price Index from June 15. This significant overhaul aims to a...- India's industrial output in April slows on year to 4.9% under new seriesIndia's industrial output for April reached 4.9% under a revised Index of Industrial Production (IIP) series with an updated base year of 2...
- Rare earth, gas supply, aircraft parts: What’s inside the new IIP calculus as India revises base yearIndia is updating its Index of Industrial Production. The new series will use 2022-23 as the base year, replacing the old 2011-12 base. Thi...
- ET Graphics | Base to basket: India's IIP gets a major makeoverA new Index of Industrial Production launches on June 1. The base year shifts to 2022-23. Coverage expands to include minor minerals, rare ...
- India to revamp IIP with new base year, wider coverage from June 1India will launch an updated Index of Industrial Production on June 1. The new IIP will feature a 2022-23 base year and include sectors lik...
- MoSPI to launch new surveys, boost high-frequency economic indicators: Saurabh GargIndia's statistics ministry is set to launch a new Index of Services Production. Plans include state-level data revisions and harmonisation...
- GDP, inflation, output: India hits reset on key economic numbersIndia is updating key economic indicators. The base year for GDP, IIP, and CPI will be revised. This aims to make data more accurate and re...
- Base year revision aimed at sharper data, AI adoption: MoSPI Secretary GargIndia is updating its economic data base years. This move will boost the quality of information for artificial intelligence and machine lea...
- India’s economic numbers are getting an upgrade: What’s changing, why it matters, and what the Centre wantsIndia is overhauling its economic measurement systems, incorporating online prices and real-time data to improve inflation, industrial outp...
- India avoids 'questionable' methods used by other nations to measure growth: CEA V Anantha NageswaranSpeaking amid scrutiny of India's stronger-than-expected 8.2% GDP growth in the second quarter of this financial year, he said, "We are eng...
- Govt to tap e-tailers, online sources for price data in new CPI seriesThe government plans to include online and e-commerce price data in calculating retail inflation (CPI) to improve its accuracy, reliability...
- Govt to release new series of retail inflation, GDP data from Feb, IIP from MayThe Ministry of Statistics and Programme Implementation will release new macroeconomic data series with revised base years for retail infla...
- MoSPI proposes new base years for IIP, GDP & CPIThe government plans to update the base years for key economic indicators. The Index of Industrial Production (IIP) and Gross Domestic Prod...
- Govt proposes 2022-23 as base year for GDP, IIP: MinisterThe government has proposed revising the base year for key economic indicators, setting 2022–23 as the new base year for GDP and IIP, and 2...
- States endorse MoSPI plan for district surveysIndia is gearing up to collect economic data at the district level, aiming to release gross district development figures by January 2026. T...
- Making a case for changing base year for GDP calculationsKrishnamurthy Subramanian's hypothesis is that base effect underestimates actual GDP growth during the lifecycle of revisions to GDP. He es...
- Economic indices get makeover in keeping with changed timesFactory output rose 2.7 per cent in March, while wholesale prices rose 3.85 per cent under the new base year.
- New IIP data too suffer from timeliness, quality issuesEconomists remained skeptical on the question of quality of data improving. Concerns on methodology, collection of data and size of the sam...
- New IIP index to better reflect economic trends launchedThe government has launched a new Index of Industrial Production (IIP), which seeks to offer a better gauge of the country’s industrial act...
- Data reactions too strong; we are putting checks in place: TCA AnantTCA Anant, the country’s chief statistician, says worries about the quality of government data after a glaring error in first quarter GDP g...
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