Ministry of Statistics and Programme Implementation undertakes periodic methodological reviews of statistical framework to ensure official statistics remain representative of current structure of economy

India, July 22 -- The Government of India has issued a release:

The Ministry of Statistics and Programme Implementation (MoSPI) undertakes periodic methodological reviews of the statistical framework to ensure that official statistics remain representative of the current structure of the economy and continue to meet emerging data requirements. The major methodological reviews undertaken by the Ministry are outlined below.

MoSPI has undertaken comprehensive base revision exercises for the Gross Domestic Product (GDP), All India Index of Industrial Production (IIP) and Consumer Price Index (CPI) to ensure that these macroeconomic indicators adequately reflect the evolving structure of the economy and align with international statistica...