Why is it in the news?
DGCI&S revised base year of Merchandise Trade Indices to FY 2022–23.
Category: Economy
Important Points:
● Compiled by Directorate General of Commercial Intelligence and Statistics (DGCI&S)
● Measures changes in unit values (prices) of exports and imports
● Base year revised from FY 2012–13 to FY 2022–23
● Includes Monthly, Quarterly and Annual Indices
● Covers Export Unit Value Index and Import Unit Value Index
● Provides Principal Commodity classification-wise indices
● Includes SITC-wise and Broad Economic Category-wise indices
● Provides bilateral and region-wise indices for top 20 trade partners
● Calculates Gross, Net and Income Terms of Trade
● Used for national accounts and external sector analysis