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New GDP Base Year Series Excludes UPI Data Why in the News ? The Ministry of Statistics and Programme Implementation (MoSPI) will release a revised GDP series with 2022–23 as the base year. However, it has decided not to include Unified Payments Interface (UPI) transaction data due to instability and methodological limitations in accurately estimating …
Read MoreConcept of Income Income represents the financial inflow that an individual, business, or any entity receives over a period, primarily as a compensation for providing labor, services, or products. This concept is pivotal in both personal finance and the broader economy, influencing decisions ranging from individual spending and savings to government tax policies and economic …
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