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 ...
Hosted on MSN
India’s GDP Math Is About to Change: Centre Plans To Shift GDP Base Year To 2022-23 From 2011-12 - Why It Matters?
New Delhi: The Centre has decided to shift the Gross Domestic Product (GDP) base year from 2011-12 to 2022-23 to enhance the accuracy of economic data. A new advisory committee has been formed to ...
The latest GDP series will also see major changes, the most crucial of which will be how nominal GDP is adjusted for price changes to arrive at real GDP. According to economists, India’s real GDP ...
Real GDP measures the pace of economic growth after stripping out the effects of inflation. In India’s case, this has typically been calculated by adjusting nominal GDP using price indices.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results