The International Monetary Fund (IMF) has welcomed India’s move to strengthen its statistical system, describing it as a significant step towards improving the quality and credibility of the country’s economic data. The revised framework introduces updated methods for collecting and analysing key economic indicators, making official statistics more precise and reflective of the changing economy. With better measurement of areas such as industrial production, producer prices, inflation, GDP, and manufacturing activity, the new system will provide a more accurate picture of India’s economic performance. Reliable data is essential for effective policymaking, informed business decisions, and long-term economic planning. The modernized framework also aligns India’s statistical practices with international standards, promoting greater transparency and consistency in official data. It is expected to strengthen evidence-based governance, improve investor confidence, and support more effective planning for sustainable economic growth.