Industry Newseconomic indicatorsdata qualitymlops
India Revises Economic Base Year To Improve Data
7.1
On January 31, 2026, Rajeeva Lakman Karandikar, Chairman of the National Statistical Commission, said AI acts as a recommendation system while robust data remains the 'decision-maker', and defended changing the base year used to compute GDP, CPI inflation and the IIP. MoSPI Secretary Saurabh Garg said the base-year revision will improve data quality and usability for AI and machine-learning applications, aiding policymakers.
Key Points
- 1Announces revision of base year for GDP, CPI inflation and the Index of Industrial Production calculations
- 2Emphasizes improved contemporary data will increase accuracy and relevance for AI, machine learning, and analysis
- 3Enables practitioners to train models on more representative economic data and produce better-informed policy inputs
Scoring Rationale
Official methodological update improves national data quality, but offers limited technical novelty beyond statistical practice.
Sources
Public references used for this report.
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