GDP
Latest news, explainers and analysis on GDP. Tracking 4 stories on Arth Vani.
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Latest on GDP
India's GDP Calculation Revamped: Leverages GST & Corporate Data for Accuracy
India's statistics ministry has introduced an updated methodology for calculating Gross Domestic Product (GDP), integrating extensive corporate filings and Goods and Services Tax (GST) data. This significant change aims to provide a more precise estimation of private corporate sector activities and enhance industry classification. Surveys will continue to be used for assessing household and unincorporated sectors.
BreakingNeelkanth Mishra: India's Strong Economic Momentum Undisturbed by GDP Revisions
Prominent economist Neelkanth Mishra stated that recent revisions to India's Gross Domestic Product (GDP) data should not overshadow the country's underlying strong economic momentum. He emphasized a focus on the broader trajectory rather than specific data adjustments.
BreakingIndia's Statistics Ministry Defends GDP Revisions, Cites Improved Data & Methodology
India's Ministry of Statistics and Programme Implementation has defended its recent revisions to Gross Domestic Product (GDP) growth figures. The ministry stated that these changes stem from improved data sources and advanced methodologies, asserting that the new series better reflects the nation's economic activity and clarifies the difference in GDP deflator from other inflation measures.
Japan's Q2 GDP Grows 1.1%, Falls Short of 2% Expectations
Japan's economy expanded at an annualized rate of 1.1% in the second quarter of the year, significantly lower than the 2% growth anticipated by market analysts. This performance indicates a slower economic pace than forecast for the world's third-largest economy.
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