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 ...
India's new GDP series, adopting double deflation and 600 price indicators, enhances accuracy in economic growth estimates.
As a new Gross Domestic Product (GDP) data series is set to be released soon, let us understand the base effect and the ...
India’s economic growth comes into focus at 4 PM on Friday as the Ministry of Statistics and Programme Implementation (MoSPI) ...
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 ...
Discover why real GDP offers a more accurate picture of economic growth by adjusting for inflation and when nominal GDP might be more useful for short-term analysis.
India rebases GDP to 2022–23 with methodological upgrades including double deflation and improved informal sector data.
India will shift GDP base year to FY23 and adopt price deflators and double deflation to improve accuracy, reflect structural shifts, and align national accounts with global standards ...
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 ...
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 ...
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