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India updates its inflation gauge by integrating e-commerce data from giants like Amazon and Flipkart.
India plans to enhance its benchmark inflation gauge by directly sourcing price data from e-commerce giants like Amazon and Flipkart.
This move aims to better capture shifting consumer habits and modernize outdated data.
The new approach will be part of a broader statistical overhaul, including a new GDP series and a quarterly Index of Services Production.
India, with about 270 million online shoppers in 2024, expects this to make retail inflation data more robust, reflecting rising online spending.
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India actualiza su indicador de inflación mediante la integración de datos de e-commerce de gigantes como Amazon y Flipkart.