India’s economic growth comes into focus at 4 PM on Friday as the Ministry of Statistics and Programme Implementation (MoSPI) ...
India's new GDP series, adopting double deflation and 600 price indicators, enhances accuracy in economic growth estimates.
The new series of data not only revises the base year for calculation purposes to 2022-23, it also incorporates several vital changes with an aim to give a more accurate measurement of the size of the ...
The government has introduced wide-ranging methodological changes to measure gross domestic product (GDP) and allied numbers by heeding to the criticism over earlier single deflator method, which gave ...
As India shifts to 2022-23 as the new base year for measuring GDP, here’s a simple look at the key data concerns raised over ...
Such revisions usually change the level of GDP and its sectoral shares. The conceptual basis for GDP is contained in the UN supported recommendations commonly called the System of National Account ...
GDP doesn’t measure what we should care about, say critics. Is that true?
Under previous methods, low nominal GDP growth alongside low wholesale inflation created discrepancies by translating into ...
India rebases GDP to 2022–23 with methodological upgrades including double deflation and improved informal sector data.
Most measures of economic performance used by government officials to inform their policies and decisions are based on gross-domestic-product figures. But concerns have long been raised that GDP-based ...
It is adopting more granular price deflation to address concerns raised by economists that its method is outdated Read more at The Business Times.
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