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Updated macro indicators set for rollout under revised statistical series
India will roll out new statistical series for retail inflation and GDP from February, followed by a revised industrial production index from May next year to better capture economic changes.
The government announced plans to introduce a new base-year series for key macroeconomic indicators, including retail inflation and GDP, starting February. A revised Index of Industrial Production series will follow from May next year. The update aims to improve data accuracy and reflect structural changes in the economy, with revised methodologies aligned to current consumption patterns and production dynamics.