After more than a decade of questions and debates, India is set to finally get an updated gauge of its GDP, with the Ministry ...
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 ...
With the shift to a new base year, economists are watching closely to see whether India’s GDP growth will continue to hover ...
The sharp uptick was largely due to the impact of GDP deflators, which remained unusually soft, particularly in the primary and secondary sectors ...
The outgoing GDP series, adopted in 2015, led to controversy. But, even with the new series, questions arise about the data and rising 'discrepancies', which officially capture the gap in calculations ...
The new series will rely on annual surveys such as the Annual Survey of Unincorporated Sector Enterprises (ASUSE) and the Periodic Labour Force Survey (PLFS), allowing direct yearly estimates. This is ...
Economists remain divided on whether the unrevised WPI base will distort real GDP estimates as India shifts its GDP base year to 2022-23, even as CPI has been rebased ...
Opinion

New Benchmarks

Reliable macroeconomic statistics are fundamental to economic governance. Last year, the IMF, even while revising India’s GDP growth projections upwards, assigned a “C” rating to our National Accounts ...
The Modi government has been tom-toming India's "highest GDP growth" story for long now. The government, however, has been conveniently setting this rhetoric in terms of the so-called "real GDP", ...
India’s data reset reveals a smaller economic footprint and weakened consumption, validating long-held overestimation claims. Even though there is improved statistical robustness, some concerns remain ...
New GDP series (base year 2022-23) will include GST, e-Vahan, & household services data for accurate economic assessment.