India’s key indicators are outdated. The last GDP base year was 2011–12. With the economy growing rapidly, an update is urgent
CPI will now cover 2,900 markets (vs 2,300), plus online prices from 12 cities—reflecting ecommerce’s rise
New GDP series will include GST and UPI data, offering sharper insights into economic activity
Food’s weight in CPI may drop, with perishables gaining importance. This will impact how inflation is measured
A separate ecommerce index could track digital consumption trends—useful for policy and private sector planning
Sample surveys still use 2011 Census data. A Producer Price Index is overdue to improve GDP realism