A revision of GDP and its implications
The revised GDP series with 2022-23 as the base year shows a reduction in the absolute size of GDP and some changes in the production structure of the economy; while the correction in GDP size appears welcome, it remains unclear whether the revision addresses the red flags raised about the 2011-12 series
The revised GDP series with 2022-23 as the base year shows a reduction in the absolute size of GDP and some changes in the production structure of the economy; while the correction in GDP size appears welcome, it remains unclear whether the revision addresses the red flags raised about the 2011-12 series
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