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Sign in to searchMerchandise Trade Indices (Base Year 2022–23)
The recent revision of India’s Merchandise Trade Indices base year from 2012–13 to 2022–23 by the Directorate General of Commercial Intelligence and Statistics under the Ministry of Commerce and Industry marks an important statistical reform. Based on the recommendations of the Nachiketa Chattopadhyay Committee (Indian Statistical Institute, Kolkata), the revision modernises methodology, improves data coverage, and aligns with international best practices.
Historically, trade indices in India have been periodically updated to reflect changing trade patterns. Over the last decade, India’s export-import basket has undergone structural transformation, with rising prominence of high-value manufactured goods, electronics, and technology-driven products. The earlier base year (2012–13) had become outdated, failing to capture these shifts accurately.
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India revises Merchandise Trade Indices base year to 2022-23, modernizing methodology and improving trade statistics alignment with international practices and National Accounts.
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