GDP deflator Current Affairs, GK & News

GDP Deflator Forecast for FY23

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 ..

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Debate over India’s GDP Numbers

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 ..

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