Quiz of the Fortnight—April 01 (2026)

Statement 1

The Ministry of Statistics and Programme Implementation of India (MoSPI) has released the new series of Annual and Quarterly National Accounts Estimates with base year of 2022–23, which has replaced the previous series with a base year of 2011–12.

Statement 2

The base year revision has been made to reflect structural changes in the economy, including in recent normal years after the COVID-19 pandemic; incorporate the latest robust and comprehensive data across sectors of the Indian economy; improve estimation methodologies; and enhance coverage and accuracy.

Which of the following is correct in respect of the above statements?