MoCI Revised Base Year of India’s Merchandise Trade Indices to 2022-23
In February 2026, the Directorate General of Commercial Intelligence and Statistics (DGCI&S) under the Ministry of Commerce & Industry (MoC&I), revised the base year of India’s merchandise trade indices from 2012-13 to 2022-23, to measure changes in the unit values (prices) of India’s exports and imports over time.
In February 2026, the Directorate General of Commercial Intelligence and Statistics (DGCI&S) under the Ministry of Commerce & Industry (MoC&I), revised the base year of India’s merchandise trade indices from 2012-13 to 2022-23, to measure changes in the unit values (prices) of India’s exports and imports over time.
- The revised base year aimed to enhance relevance, reliability and analytical usefulness for policy-makers, researchers and other stakeholders.
Key Details:
Recommended by: The revision of base year was made on the recommendations of DGCI&S-constituted committee, headed by Professor (Prof.) Nachiketa Chattopadhyay, Indian Statistical Institute (ISI), Kolkata, West Bengal (WB).
Key Indices: The updated series features: Monthly, quarterly and annual indices;
Sponsored Advertisement
- Principal Commodity (PC) classification wise trade indices; Standard International Trade Classification-wise (SITC) trade indices;
- Broad Economic Category-wise (BEC) trade indices;
- Bilateral and region-wise trade indices of top 20 export and import partner nations of India
- Terms of trade (gross terms of trade, Net terms of trade and Income terms of trade).
Key Applications: Merchant Trade Indices are widely used by key government institutions for economic analysis and policy formulation for instance:
- The National Accounts Division (NAD) of the Ministry of Statistics and Programme Implementation (MoSPI)uses the export and import unit value indices as deflators for projecting real exports and imports in Gross Domestic Product (GDP) compilation.
No comments yet. Be the first!