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

India has changed its GDP base year to 2022-23, using new methods and data for more accurate economic measurement and better policymaking.

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 ...

Learn the key economic concepts for UPSC Prelims 2026 including inflation, GDP, and repo rate. Understand definitions, importance, and how these topics appear in the UPSC Civil Services Examination.

India is set to introduce a significant revision to its real gross domestic product (GDP) computation, aiming for improved data accuracy and economic trend analysis.

What does the GDP data tell you about the Indian economy? When will India become the third largest economy? What’s changed in ...

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

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

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 ...

It is adopting more granular price deflation to address concerns raised by economists that its method is outdated Read more at The Business Times.

For a large part of the past decade, India has faced criticism that the GDP numbers were overestimating economic activity.

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 ...