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

After a decade, the GDP series is undergoing a revision. Some of the proposed changes will make for a more accurate reading of the economy but the shortcomings of the deflator will remain ...

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The latest GDP series will also see major changes, the most crucial of which will be how nominal GDP is adjusted for price changes to arrive at real GDP. According to economists, India’s real GDP ...

National Statistical Office (NSO) released the advance estimates for 2025-26 indicating annual GDP growth of 7.4%, with a decadal growth of 5.9% (2015-2026). The growth is fairly robust growth given ...

Gross domestic product (GDP) is a measure of economic output within an economy. The ICP follows the expenditure or demand approach to estimating GDP, that is, the sum of the final expenditures on ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Cost management strategies tend to focus on lowering expenses in the near term, while cost ...

Though the 8.2% growth of the Gross Domestic Product (GDP) in the second quarter of the financial year 2025-26 surpasses all expectations, India’s economic outlook faces challenges from global demand ...

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 ...