The ongoing revision of base years for key economic indicators such as CPI, GDP and the Index of Industrial Production (IIP) will help the Reserve Bank of India achieve its twin objectives of price stability and sustained economic growth, RBI Governor Sanjay Malhotra said. Calling it a “timely and welcome step”, Malhotra said strengthening India’s statistical systems will allow for more calibrated policymaking and improve assessments of inflation and real economic momentum. The Ministry of Stati
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