The Times of India

Data reset: RBI governor backs CPI, GDP and IIP base year revision, says it will sharpen policy signals

RBI Governor Sanjay Malhotra welcomed the Ministry of Statistics and Programme Implementation's decision to revise base years for CPI, GDP, and IIP. This move will better reflect changing consumption patterns and economic structures, enabling more calibrated policymaking. The updated indicators are crucial for monetary policy and assessing economic momentum.