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A REVISION OF GDP AND ITS IMPLICATIONS Why in the News? India has released a revised GDP series with 2022–23 as the new base year, replacing the earlier 2011–12 base year series. The revision reduces the estimated absolute size of GDP and alters the sectoral composition of production in the economy. While the correction in …
Read MoreGOVT PEGS REAL GDP GROWTH AT 7.4% AMID TARIFF CONCERNS Why in the News? Official estimate: The Ministry of Statistics and Programme Implementation released the First Advance Estimates (FAE), pegging real GDP growth at 7.4% for FY 2025–26. Growth slowdown signal: Despite strong Q1 (7.8%) and Q2 (8.2%) performance, growth is expected to moderate in …
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