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The Commerce Ministry connected Friday (February 20, 2026) said the basal twelvemonth of India’s merchandise commercialized Indices has been revised from 2012–13 to 2022–23 to bespeak structural changes successful the economy, shifts successful commodity composition, evolving commercialized patterns and amended alignment with existent macroeconomic indicators.
These commercialized indices are compiled and published by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), an limb of the Ministry.
These indices service arsenic important indicators of outer assemblage terms movements and are wide utilized for economical analysis, including nationalist accounts compilation and appraisal of presumption of trade.
Over the years, the basal twelvemonth of the indices has been periodically revised to bespeak structural changes successful India’s commercialized creation and evolving planetary commercialized patterns.
The workout volition guarantee that the indices accurately correspond the existent operation of India’s merchandise trade.
“The DGCI&S has revised the basal twelvemonth of India’s Merchandise Trade Indices from FY12–13 to FY22–23, successful presumption of the structural changes successful the economy, shifts successful commodity composition, evolving commercialized patterns, and the request for improved alignment with modern macroeconomic indicators,” the Ministry said.
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It said that the sum and classification of commodities person been reviewed astatine the Principal Commodity level to amended seizure emerging and declining commercialized items.
Over the past decade, India’s commercialized handbasket has undergone important changes owed to emergence of caller commodities, technological advancements, planetary proviso concatenation restructuring and changes successful comparative terms structures.
The earlier basal twelvemonth (2012–13) nary longer adequately reflected the prevailing commercialized structure.
“The revision ensures improved relevance, reliability, and analytical usefulness of the Merchandise Trade Indices for policymakers, researchers, and different stakeholders,” it said.
These indices are utilized by cardinal authorities institutions for economical investigation and argumentation formulation.
The National Accounts Division of the Ministry of Statistics and Programme Implementation uses the Export and Import Unit Value Indices arsenic deflators for estimating existent exports and imports successful GDP compilation, portion the RBI relies connected these indices for outer assemblage assessment, equilibrium of payments analysis, and valuation of terms competitiveness.
Various Ministries and Government agencies besides usage them to framework and reappraisal trade-related policies and to measure movements successful planetary prices.
In addition, world institutions, probe organisations, and economical analysts utilize Merchandise Trade Indices for empirical research, modelling, and investigation of commercialized dynamics and presumption of commercialized trends and economical research.
