India’s GDP Base Year Shift to 2022-23 | How Will It Impact the Economy?
The Indian government, led by Finance Minister Nirmala Sitharaman, has announced a major statistical reform: the GDP base year will be shifted from 2011-12 to 2022-23.This update comes at a crucial time when questions were raised about the accuracy of GDP calculations, especially after the IMF gave India a C grade in its GDP measurement…