GDP deflator Current Affairs, GK & News
On February 10, 2022, Finance Minister Nirmala Sitharaman highlighted that, for 2022-23, Centre’s gross domestic product (GDP) deflator projection is 3 to 3.5 per cent. Key Facts Government’s own real GDP growth projection for fiscal year 2022-23 is in the range of 7.6-8.1 per cent, while Union Budget assumes a nominal GDP growth rate of 11.1 per cent for fiscal year ..
Category: Economy & Banking Current Affairs - 2022
The Central Statistics Office (CSO) introduced a new series of National Account Statistics in 2015. The important changes made in the new series included the change in base year from 2004-05 to 2011-12, employed a new methodology to estimate India’s gross domestic product (GDP) and used new data sets to arrive at the GDP. Why ..
Topics: Economic growth • Economy • Economy of India • GDP deflator • Gross domestic product • Index numbers • India GDP rebasing • Macroeconomics • National accounts • New GDP Methodology • Was Indian GDP Over-Estimated