India is set to introduce a significant revision to its real gross domestic product (GDP) computation, aiming for improved data accuracy and economic trend analysis.
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 is revising its GDP calculation methods to enhance accuracy and address economist concerns over previous discrepancies.
It is adopting more granular price deflation to address concerns raised by economists that its method is outdated Read more at The Business Times.
Under the old series, India's GDP growth rate is estimated at 7.4% in FY26 against 6.5% in FY25. The new GDP series is due on 27 February.
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