Data reset: RBI governor backs CPI, GDP and IIP base year revision, says it will sharpen policy signals
Reserve Bank of India Governor Sanjay Malhotra has welcomed the Ministry of Statistics and Programme Implementation’s (MoSPI) decision to revise the base year for key macroeconomic indicators — Consumer Price Index (CPI), Gross Domestic Product (GDP) and Index of Industrial Production (IIP) — saying the exercise will better reflect changing consumption patterns and economic structures…