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 ...
28 May, 2026, 12.30 AM IST
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...
26 May, 2026, 12.00 AM IST
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...
06 Mar, 2026, 12.47 AM IST
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...
09 Feb, 2026, 03.58 PM IST
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...
30 Jan, 2026, 04.18 PM IST
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...
24 Dec, 2025, 01.28 PM IST
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...
23 Dec, 2025, 11.23 PM IST
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...
23 Dec, 2025, 05.25 PM IST
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...
22 Dec, 2025, 03.50 PM IST
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...
07 Aug, 2025, 12.43 AM IST
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...
06 Aug, 2025, 06.41 PM IST
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...
07 Nov, 2024, 11.25 PM IST
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...
19 Mar, 2023, 11.56 PM IST
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.
13 May, 2017, 12.07 AM IST
- New IIP data too suffer from timeliness, quality issues
Economists remained skeptical on the question of quality of data improving. Concerns on methodology, collection of data and size of the sam...
17 Jun, 2011, 05.20 AM IST
- New IIP index to better reflect economic trends launched
The government has launched a new Index of Industrial Production (IIP), which seeks to offer a better gauge of the country’s industrial act...
11 Jun, 2011, 05.41 AM IST
- Data reactions too strong; we are putting checks in place: TCA Anant
TCA Anant, the country’s chief statistician, says worries about the quality of government data after a glaring error in first quarter GDP g...
22 Sep, 2010, 03.34 AM IST