DGCI&S moves merchandise trade indices to base 2022-23
What happened
- DGCI&S revised the base of merchandise trade indices to FY 2022-23 (=100), from FY 2012-13 [PIB].
- MoSPI released sub-committee reports for the new national accounts series on 18 and 20 February [PIB].
Background
- Price and quantity indices of trade feed into terms-of-trade analysis.
Why it matters
- All major series (GDP, CPI, IIP, trade) now have recent bases, so comparisons line up better.
How to use this in Mains
- As per PIB (2026-02-20): DGCI&S revised the base of merchandise trade indices to FY 2022-23 (=100), from FY 2012-13.
- All major series (GDP, CPI, IIP, trade) now have recent bases, so comparisons line up better.
Quotable data pointMoSPI released sub-committee reports for the new national accounts series on 18 and 20 February.
PIB: Commerce: DGCI&S trade index base revision, 20 Feb 2026
Exam angle
UPSC
Prelims: DGCI&S, base years.
Practice MCQs
Original practice questions (not PYQs).
Practice · UPSC
New base for trade indices
Answer (b) & explanation
PIB.
Practice · UPSC
Old base
Answer (b) & explanation
PIB.
Practice · UPSC
DGCI&S is located in
Answer (b) & explanation
PIB.
Go deeper
ExplainerWorld Trade Organization: Origin, Principles, Key Agreements, Agriculture Boxes and India’s Stakes (UPSC Notes + PYQs)ExplainerGlobalisation and Indian Society: Meaning, the 1991 Reforms, Economic, Social and Cultural Effects (UPSC Notes)
Official source: PIB: Commerce: DGCI&S trade index base revision, 20 Feb 2026
facts from cited sources only; faculty review pending