What is GDP, how is it calculated, and why do estimates matter? A simple guide to GDP, GSDP, nominal vs real growth and India's new base year ...

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 ...

Discover why GDP is crucial for measuring economic health and growth. Learn how it guides policymakers, investors, and ...

Note: some of the data in the table, such as GDP total amount and composition, are not equal to the sum of various industries (sectors) due to rounding errors and have not been mechanically adjusted.

As part of the ongoing exercise to update the GDP base year, the government will use several more datasets on the expenditure side to improve the sources of data and enable more accurate estimation of ...

I sometimes read assertions that the statistical methods used by the Commerce Department to calculate GDP no longer properly capture economic output because they don’t, for example, properly account ...

Note: The quarter-on-quarter growth rate refers to the seasonally adjusted growth rate over the previous quarter. Refer to NBS database (http://data.stats.gov.cn) for ...