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India updates trade index base year to FY23 to better capture new-age trade trends
Image source: economictimes.indiatimes.com

GK and monthly revision

India updates trade index base year to FY23 to better capture new-age trade trends

India has updated its merchandise trade indices with FY2022-23 as the new base year, replacing FY2012-13. This change aligns India's trade data with global standards and reflects current trade realities. The Directorate General of Commercial Intelligence and Statistics announced the update following expert committee recommendations. This revision aids policymakers and businesses in making informed decisions based on accurate data.

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Revision structure

Monthly events and exam calendar context
Static GK and one-liner notes
Quiz and mock-test revision path

Key points

Exam-ready takeaways

India updated its merchandise trade indices with FY2022-23 as the new base year.

The old base year FY2012-13 has been replaced to reflect current trade realities.

The Directorate General of Commercial Intelligence and Statistics announced the change.

The revision follows recommendations from an expert committee for international statistical alignment.

This update helps policymakers and businesses make informed decisions with accurate data.

How to study

Turn news into exam marks

Revise monthly events by exam family instead of reading random updates.

Pair one-liners with mock tests so mistakes become the next revision list.

Keep state job pages, calendar pages and GK packs connected in one path.