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

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

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 ...

India rebases GDP to 2022–23 with methodological upgrades including double deflation and improved informal sector data. Here’s what it means for growth and policy.

Under previous methods, low nominal ‌GDP growth alongside low wholesale inflation created discrepancies by translating into ...

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 ...

This Economic Letter discusses a topic that at first glance appears to be boring and technical but that in fact turns out to be quite important: the proper interpretation of chain-weighted data. To ...

After more than a decade of questions and debates, India is set to finally get an updated gauge of its GDP, with the Ministry of Statistics and Programme Implementation (MoSPI) set to unveil the new ...

Figures for the level and rate of growth of gross domestic product (GDP) are quoted ubiquitously, including in this magazine. They are widely agreed to tell us something of importance. But there is a ...