{
  "id": 8956799,
  "title": "New GDP series: 28 of 30 manufacturing categories used double deflation",
  "url": "https://urgent.news/2026/09/21/new-gdp-series-28-of-30-manufacturing-categories-used-double-deflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T15:46:39.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/business/economy/new-gdp-series-28-of-30-manufacturing-categories-used-double-deflation-10888052/"
  },
  "original_language": "en",
  "account": "The statistics ministry released a new GDP series on Monday, utilizing the double deflation method in 28 out of 30 manufacturing categories. The remaining two categories, which used the single extrapolation method, are \"production, processing and preservation of meat, fish, fruit, vegetables, oils and fats\" and \"manufacture of pharmaceutical; medicinal chemicals and botanical products.\" In these latter two categories, the high share of imported inputs makes it difficult to directly link input items to elementary, item-level output Producer Price Index, according to the Ministry of Statistics and Programme Implementation (MoSPI). Double deflation involves adjusting output and input values by their respective inflation rates to obtain real GVA. This is a significant improvement over the previous method, which uniformly deflated input and output values using the Wholesale Price Index and Consumer Price Index. The transition to double deflation is seen as a major step forward in accurately measuring true economic growth, as it aligns with global standards and modern statistical practices.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}