<h1>MoSPI Clarifies Economic Data Processes, Updates GDP, IIP, CPI Base Years to Improve Accuracy and Transparency.</h1> The Ministry of Statistics and Programme Implementation (MoSPI) has clarified its processes for producing macro-economic aggregates and indicators, emphasizing transparency and adherence to international standards. Recent media reports have highlighted revisions in the base years for GDP, IIP, and CPI, which are standard practices to ensure accurate economic analysis. The new GDP series incorporates updated data sources, and the IIP and CPI have revised item baskets. Efforts are underway to improve employment data collection through various surveys and initiatives. The Ministry aims to enhance data quality and reliability, aligning with international standards and supporting informed policy-making.