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India updates trade index base year to FY23 to better capture new-age trade trends

India has updated its merchandise trade indices. The new base year is FY 2022-23, replacing the old FY 2012-13. This change better reflects current trade realities and global commerce patterns. The Directorate General of Commercial Intelligence and Statistics announced the revision. It follows expert committee recommendations for international statistical alignment. This will aid policymakers and businesses.

20 Feb 2026 7:43 pm