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

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

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 ...

Most measures of economic performance used by government officials to inform their policies and decisions are based on gross-domestic-product figures. But concerns have long been raised that GDP-based ...

India’s new GDP base revision sharpens economic measurement by using updated data sources like MGT-7 filings, GST data, ASUSE ...

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

India’s economic growth comes into focus at 4 PM on Friday as the Ministry of Statistics and Programme Implementation (MoSPI) ...

India will shift GDP base year to FY23 and adopt price deflators and double deflation to improve accuracy, reflect structural shifts, and align national accounts with global standards ...

Diane Coyle’s new book, GDP: A Brief But Affectionate History, is a timely contribution to discussions of modern economic performance. She argues that Gross Domestic Product increasingly ...

Gross Domestic Product or GDP, is a way to measure the size and health of a country’s economy, more like a report card for a nation, it tells us how much the co ...