Govt issues FAQs on GDP revision, explains new series and methodology
The government has revised the GDP estimate for Q1 FY2025-26 following the introduction of a new GDP series with 2022-23 as the base year
On Wednesday, the government dismissed claims that it intentionally reduced India's GDP figures from ₹86 lakh crore to ₹80 lakh crore to make the growth rate appear better. The government stated that the difference is due to revisions in the GDP series, better data, and successive adjustments. The government rejected the idea that the lower ₹86.05 lakh crore estimate should be compared to the new Q1 FY27 estimate, as they are calculated using different base years.
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- Why was ₹6 lakh crore shaved off last year’s GDP? Govt explains the numbers economictimes.indiatimes.com
