The statistics ministry measures the country's GDP via two methods – income and expenditure. Any difference in the numbers ...

The year 2026 witnessed the much-anticipated release of the new GDP series with an updated base year. The initial exuberance ...

GDP is the total market value of final goods and services produced within a country's borders during a specified period. Final goods are those purchased by the end user, meaning that GDP excludes ...

The International Comparison Program (ICP) comparisons of gross domestic product (GDP) are based on the value of an individual item equaling the product of its price and quantity (that is, the ...

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 ...

India has revised its methodology for measuring economic growth after a decade. Better calculations matter, but the real test ...

Reliable national accounts are essential for proper economic analyses and informed policymaking by national authorities as well as other stakeholders. Nevertheless, in many countries, national ...

Gross domestic income and gross domestic product—GDI and GDP—measure aggregate economic activity using income and expenditure data, respectively. Discrepancies between the initial estimates of ...

The Impact of Consumer Spending on Economic Activity . Consuming final goods is the result and motivation for economic ...