An intermediate good is a good that is used in the production process that creates another good, which can be a finished product or even another intermediate good.

Meeting the FY27 fiscal deficit target of 4.3% of GDP will now require nominal growth of 13-14% next year – much higher than ...

The Ministry of Statistics and Programme Implementation (MoSPI) has decided not to use Unified Payments Interface transaction ...

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

What is GDP, how is it calculated, and why do estimates matter? A simple guide to GDP, GSDP, nominal vs real growth and India's new base year ...

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 ...

Chennai: The GDP base year is being revised from financial year 2011-2012 to 2022-23 and the revised series will be released on February 27. The previous revision of base year in 2015 as well as the ...

MINSK, 6 February (BelTA) – In 2026 Belstat will transition to a new classification of economic activities and will calculate GDP according to the updated 2025 System of National Accounts approved by ...

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

Since COVID-19, a narrative about economic stagnation in Europe alongside booming productivity in America — “Eurosclerosis,” ...

At the item level, both prices and methodology remain unchanged, and since the prices are already current, no significant distortion is expected, the Statistics Secretary said ...