India Revises Merchandise Trade Indices
Analysis based on 6 articles · First reported Feb 20, 2026 · Last updated Feb 20, 2026
The revision of India's merchandise trade indices by the India — Ministry of Trade and Industry and India — Directorate General of Commercial Intelligence and Statistics provides more accurate data for economic analysis, benefiting institutions like the State Bank of India. This improved data quality can lead to better-informed policy decisions, potentially fostering greater stability and predictability in India's external sector.
India has revised the base year for its merchandise trade indices from 2012-13 to 2022-23. This change, driven by the India — Ministry of Trade and Industry and compiled by the India — Directorate General of Commercial Intelligence and Statistics, aims to better reflect structural changes in the economy, shifts in commodity composition, and evolving trade patterns. The revision incorporates methodological improvements based on recommendations from a committee chaired by Nachiketa Chattopadhyay of the Indian Statistical Institute. The updated indices will provide more relevant and reliable data for economic analysis, national accounts compilation, and assessment of terms of trade, which are crucial for policymakers and institutions like the State Bank of India.
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