Latest Statistical Reforms News & Updates

India Implements Statistical Reforms for Economic Data Accuracy

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New Delhi, Jan 28 (IANS) India’s recent statistical reforms mark a decisive shift towards greater relevance, responsiveness, and credibility. By updating base years for GDP, Consumer Price Index (CPI), and Index of Industrial Production (IIP), strengthening the measurement of the informal and services sectors, and transforming labour statistics, the government has aligned official data more closely with the structure and dynamics of today’s economy, according to an official statement issued on…