#VantageOnFirstpost: India is overhauling how it measures its economy. The Ministry of Statistics has shifted the GDP base year from 2011-12 to 2022-23, aiming to better reflect post-pandemic recovery, structural reforms and the rise of the digital economy. The new series expands the use of GST data beyond quarterly estimates, incorporates high-frequency indicators such as vehicle registrations and fuel consumption, and improves tracking of household enterprises and gig workers. It also replaces

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