India is planning to update the base year for its key statistical indices from 2011-12 to FY23 or FY24 by 2026.
This shift aims to reflect current economic conditions, consumption patterns, and sectoral changes more accurately.
The update will impact major indices like CPI, WPI, and IIP, which are crucial for economic analysis and policy formulation.

| From FY12 to FY23/24: India's statistical indices to get an update?