New Delhi, Feb. 27 -- The revision of the base year for national accounts to 2022-23 will significantly strengthen policy formulation by providing more accurate and granular economic data, Secretary, Ministry of Statistics and Programme Implementation (MoSPI), Saurabh Garg said.

Talking to ANI, Garg said the updated data series is expected to enhance the precision of GDP estimates across states and may also pave the way for district-level GDP assessments. Greater accuracy in economic data will provide policymakers with clearer insights, enabling more informed and data-driven decision-making.

The Ministry of Statistics and Programme Implementation (MoSPI) on Thursday released the new series of Annual and Quarterly National Accounts Estim...