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

Seriously. How are you feeling about your economic situation? Because the unemployment rate is still near generational lows, inflation is down to 3.2%, and gross domestic product, or GDP, grew at a ...

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 ...

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

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

The government has introduced wide-ranging methodological changes to measure gross domestic product (GDP) and allied numbers by heeding to the criticism over earlier single deflator method, which gave ...

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 ...

Discover why real GDP offers a more accurate picture of economic growth by adjusting for inflation and when nominal GDP might be more useful for short-term analysis.

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 ...

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

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 ...