India’s new GDP series is an upgrade but it leave a few questions on the economy unanswered
The second major improvement is the adoption of double deflation as a method to arrive at GVA estimates, unlike in the earlier series. While the absence of producer price indices for many sectors, especially services, restricts its use, the revised series is able to adopt this measurement method for agriculture and manufacturing where data permits. For other sectors, it uses a volume extrapolation method.
Post Comment