Government revises GDP base year to FY23 for accuracy
after close1 source ↓written by the desknot a recommendation
- base year
- 2022-23
- 2010-11
- and is expected
- 27 Feb 2024
The government plans to update the GDP base year to 2022-23 from 2010-11, as stated by Finance Minister Nirmala Sitharaman. This change aims to better reflect economic shifts and consumption patterns over the last 15 years. The revised data will be released on 27 Feb 2024 and is expected to enhance the accuracy of economic indicators.
Not investment advice. For informational purposes only.