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

India is set to overhaul the GDP calculation process with a new base year of 2022–23. In this detailed conversation, India ...

Gross Domestic Product (GDP) measures the quantum of economic activities in a country, in monetary terms, over a period of time usually one year. Real GDP eliminates the impact of inflation by ...

A revised GDP series with 2022–23 as the base year will be released on February 27, along with updated historical data covering the previous four years.

India's GDP recalibration sees a Rs 12 lakh crore reduction, raising fiscal deficit concerns. The new base year 2022-23 series increases real GDP growth but revises nominal GDP downwards. Experts warn ...

A revised GDP calculation trims India's economy by Rs 12 lakh crore. This could push the fiscal deficit higher, with FY26 ...

India’s gross domestic product is expected to grow 7.6% in FY26 after authorities revamped the calculation framework, signalling improved measurement standards and revised economic estimates.

For a large part of the past decade, India has faced criticism that the GDP numbers were overestimating economic activity.

It is adopting more granular price deflation to address concerns raised by economists that its method is outdated Read more at The Business Times.