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 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 ...

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 ...

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.

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 ...

India will release its rebased GDP series with 2022–23 as the base year, incorporating digital services, gig economy data, ...

India is revising its GDP calculation methods to enhance accuracy and address economist concerns over previous discrepancies.

It is adopting more granular price deflation to address concerns raised by economists that its method is outdated Read more at The Business Times.

According to the existing GDP series, India’s economy, which is among the fastest-growing major economies globally, is projected to record growth of 7.4 per cent in 2025–26, compared with an expansion ...