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India’s Revised GDP Series: Improvements and Structural Concerns

India’s Revised GDP Series: Improvements and Structural Concerns Syllabus: GS-3: Growth & Development Why in the News ? India’s Ministry of Statistics and Programme Implementation (MoSPI) recently released the new GDP series with base year 2022–23, replacing the 2011–12 base. The revision introduces methodological improvements, new datasets, and sectoral changes in Gross Value Added (GVA) …