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

The government has introduced wide-ranging methodological changes to measure gross domestic product (GDP) and allied numbers by heeding to the criticism over earlier single deflator method, which gave ...

GDP doesn’t measure what we should care about, say critics. Is that true?

Most measures of economic performance used by government officials to inform their policies and decisions are based on gross-domestic-product figures. But concerns have long been raised that GDP-based ...

Paul Allin is a member of the UK National Statistician's Expert User Advisory Committee and he is the Royal Statistical Society's Honorary Officer for National Statistics. Views expressed in this ...

India will shift GDP base year to FY23 and adopt price deflators and double deflation to improve accuracy, reflect structural shifts, and align national accounts with global standards ...

India's new GDP series, adopting double deflation and 600 price indicators, enhances accuracy in economic growth estimates.

Such revisions usually change the level of GDP and its sectoral shares. The conceptual basis for GDP is contained in the UN supported recommendations commonly called the System of National Account ...

India rebases GDP to 2022–23 with methodological upgrades including double deflation and improved informal sector data.

This last piece in a 5-article series, adapted from a speech I gave at a BritishAmerican Business virtual conference in September, suggests that while GDP has served a useful purpose in terms of ...

As India shifts to 2022-23 as the new base year for measuring GDP, here’s a simple look at the key data concerns raised over ...

It is adopting more granular price deflation to address concerns raised by economists that its method is outdated Read more at The Business Times.