India’s GDP Rebase to 2022-23: What the Revisions Signal for Growth, Credibility, and Policy
India has rebased GDP to 2022-23 and introduced methodological upgrades that, according to the source, reduce estimated GDP levels for 2022-23 through 2024-25 while materially revising recent growth rates. The changes improve granularity but create near-term risks around comparability, credibility, and policy interpretation until the full historical back series is released.