Understand the income approach to GDP, where total expenditures equal the income from goods and services in an economy.

Under the new series released on February 27, the nominal GDP for the current financial year is estimated to come down by ...

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 ...

India has officially shifted its GDP base year from 2011-12 to 2022-23 to better reflect structural shifts, such as the digital economy and formalization.

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 ...

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 ...

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 ...

The Ministry of Statistics and Programme Implementation (MoSPI) will not use Unified Payments Interface (UPI) transaction ...

After a decade, the GDP series is undergoing a revision. Some of the proposed changes will make for a more accurate reading of the economy but the shortcomings of the deflator will remain ...

The Ministry of Statistics and Programme Implementation (MoSPI) has officially shifted India's GDP base year to 2022-23.

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