India's new GDP series, adopting double deflation and 600 price indicators, enhances accuracy in economic growth estimates.

India is set to introduce a significant revision to its real gross domestic product (GDP) computation, aiming for improved data accuracy and economic trend analysis.

A revised GDP series with 2022–23 as the base year will be released on February 27, along with updated historical data covering the previous four years.

It is adopting more granular price deflation to address concerns raised by economists that its method is outdated Read more at The Business Times.

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