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

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

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

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 ...

Recent changes in India’s GDP estimation promise a clearer view of the economy’s performance. Services dominate, but shifts in the shares of agriculture and manufacturing demand closer scrutiny for us ...

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

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 ...

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

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

India's Q3 GDP eased to 7.8% from 8.4% in Q2 under new series. The GDP growth beats industry estimates. Economic Survey's growth projection for FY27 revised upward to 7-7.4% under new series, says CEA ...

Current Affairs Terms in News This Week: This weekly explainer will cherry-pick important 'terms in news' from the current ...