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Growth in Quick Commerce Drives Government's Move to Update GDP Data
The government plans to update the base year for GDP data by analyzing consumption patterns and economic activity from platforms like Zepto and Blinkit.
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CuttNews -
2024-09-16
The Indian government is taking a closer look at the growth of quick commerce platforms to revise GDP data. Quick commerce, which includes grocery delivery services like Zepto and Blinkit, has seen a significant increase in consumer demand. To accurately reflect these shifts in consumption patterns, the government plans to utilize anonymized data from these platforms.
Currently, most macroeconomic data in India is based on the 2011-12 fiscal year. However, with the rapid growth of quick commerce, the Ministry of Statistics and Programme Implementation is considering proposing 2022-23 or 2023- ... clique aqui para ler mais.
