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

A revised GDP series with 2022–23 as the base year will be released on February 27, along with updated historical data covering the previous four years.

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

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 ...

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.

Real GDP measures the pace of economic growth after stripping out the effects of inflation. In India’s case, this has ...

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 GDP revision improves measurement, says former chief statistician Pronab Sen, but raises questions on double deflation, consumption surge and fiscal maths ...

My concern is that, although everything is expressed in monetary terms, you are effectively combining values that have been ...

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 ...

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

On 27 February, India will shift its GDP base year to 2022-23 from 2011-12. The update could lift output estimates and signal ...