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Why was ₹6 lakh crore shaved off last year’s GDP? Govt explains the numbers
The government clarified GDP revisions are due to series changes and improved data. Last year's GDP estimate was adjusted after a new base year was introduced. Manufacturing's negative inflation reflects separate input and output price deflation. GDP inflation differs from CPI and WPI as it covers the entire economy. Private consumption expenditure calculations do not directly use double deflation.
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economictimes.indiatimes.com
Why was ₹6 lakh crore shaved off last year’s GDP? Govt explains the numbers
The government clarified GDP revisions are due to series changes and improved data. Last year's GDP estimate was adjusted after a new base year was introduced. Manufacturing's…
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yourstory.com
Govt defends new GDP estimates, says revisions reflect data upgrades, not higher growth by design
The government has brought in new producer price index, banking services price index and additional administrative data.
