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 economic growth comes into focus at 4 PM on Friday as the Ministry of Statistics and Programme Implementation (MoSPI) ...

Discover why GDP is crucial for measuring economic health and growth. Learn how it guides policymakers, investors, and ...

India's new GDP series, adopting double deflation and 600 price indicators, enhances accuracy in economic growth estimates.

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 ...

GDP doesn’t measure what we should care about, say critics. Is that true?

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 ...

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 ...

India rebases GDP to 2022–23 with methodological upgrades including double deflation and improved informal sector data.

WHICH would you prefer to be: a medieval monarch or a modern office-worker? The king has armies of servants. He wears the finest silks and eats the richest foods. But he is also a martyr to toothache.

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 ...