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Govt may shift base year to FY23 or FY24
The New Indian Express
|April 24, 2024
There has been a demand to change current base year (2011-12), which is used for comparison of economic data

THE base year for most Indian economic data could be revised to 2022-23 or 2023-24 depending on the results of the Household Consumption Expenditure Surveys done during these two years.
The National Statistical Survey Office (NSSO) has done two back-to-back surveys for determining the monthly consumption expenditure of households -one in 2022-23 and another in 2023-24. The result of the first one has already come out, and the second one is expected in 3-6 months, government sources told this newspaper.
"Depending on the results of the two household consumption data, the government would fix the new base year.
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