India, Feb. 27 -- The Government of India has issued a release:
Key Takeaways
GDP is the value of final goods and services produced within a country in an accounting period.
Calculation of quarterly GDP estimates
Rebasing & frequency of base year revisions
Rebasing is the process of updating the base year using revised and improved data to reflect the current structure of the economy. The new base then serves as the reference point for estimating GDP and its components, as well as key indicators such as the Consumer Price Index (CPI) and the Index of Industrial Production (IIP) going forward.
Why GDP base year has been revised to FY 2022-23
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Data sources being used in new series
Key Methodological Improvements in the N...