India, Jan. 28 -- The Government of India has issued a release:
Key Takeaways
Rationale for Selecting 2022-23
Process of Base Year Revision
Timeline for New Series
Annual Survey of Unincorporated Sector Enterprises
The National Sample Survey (NSS) conducts large-scale socio-economic surveys to generate key indicators traditionally available at the national and State/ UT levels.
The year 2022-23 was chosen as the new base because it is the most recent "normal" year after the disruptions of 2019-2021. The years 2019-20 and 2020-21 were significantly affected by the COVID-19 pandemic, which temporarily altered consumption patterns and industrial output.
The base revision of the Consumer Price Index (CPI) began in early 2023 under the g...