Govt mulls to change base year to FY23 for computation of GDP

"This will be first revision in over a decade. It was last done in 2011-12'

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The government is considering to change the base year for computation of the GDP to 2022-23, from 2011-12 at present, to reflect an accurate picture of the economy, sources said on Thursday.

This will be the first revision in over a decade. It was last done in 2011-12, they said.

The Ministry of Statistics and Programme Implementa tion (MOSPI) is likely to make a suggestion for accepting 202223 as a base year to the Advisory Committee on National Accounts Statistics (ACNAS), they said.

The 26-member ACNAS, which was constituted under the Chairmanship of Biswanath Goldar, is expected to complete the exercise by early 2026.