Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag India revised GDP data using 2022-23 base year, lowering nominal GDP by 3% but confirming 7%+ growth for three years, improving accuracy through better data collection and methodology.

flag India has updated its GDP measurement using the 2022-23 base year, resulting in a 3% lower nominal GDP estimate but confirming three consecutive years of growth above 7% post-pandemic. flag The revision improves accuracy through better data from GST and PFMS, double deflation, and enhanced tracking of informal sectors, digitalization, and multi-activity enterprises. flag Sectoral shares shift: agriculture rises to 17.4%, industry to 25.4%, services fall to 48%. flag Private consumption drops to 56.7%, investment rises to 31.9%. flag The changes are methodological, not economic, and aim to boost data quality and international comparability. flag A back-series is expected by December 2026.

9 Articles