At it yet again! The sequencing problem in setting a base year for GDP

The current datelines imply the GDP changes will happen only after the general elections of 2024

A decision on a new base year to calculate India’s Gross Domestic Product (GDP), instead of the current 2011-12, may be announced only after the National Statistical Commission (NSC) is reconstituted.

The term of the current NSC got over in July this year. The change in how GDP is measured significantly impacts all economic data to analyse the health of the economy. However, the new timelines mean the exercise will be completed after the general elections are over in May 2024.

The formal decision will be taken by the advisory committee on National Accounts Statistics (ACNAS), which includes NSC members,