Agricultural and Biological Sciences
7 years ago

New GDP measurement in India reveals major issues impacting economic growth.

RePEc: Research Papers in Economics
Recent changes in measurement of India's GDP: Overall issues and some focus on agriculture
S. Mahendra Dev

Paper Summary

The article discusses recent changes in how India's GDP is measured, focusing on industry, services, and agriculture. It looks at issues like data problems, separating corporations from households, and different methods of calculating GDP growth. Despite some gaps, the new measurement series is based on expert advice and will be helpful for future revisions of National Accounts Statistics.

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