Govt likely to release fewer GDP estimates from 2024 to avoid markets confusion
The Ministry of Statistics and Programme Implementation is expected to release four estimates of GDP data from next year, with the aim of boosting the quality of economic data. This is most likely to eliminate the markets confusion.
The Indian government is likely to reduce the number of official annual gross domestic product (GDP) estimates to four releases instead of the current six estimates. This will be done in order to avoid multiple revisions that market watchers in the past have expressed as 'confusing'. At present, the National Statistics Office under MoSPI is responsible for calculating the country's GDP performance, including macroeconomic data and statistics.