The Economic Times

Fresh math for world's fastest growing economy: What's behind India's GDP revision and why it matters

India's new GDP revision is set to reflect new way of measuring the economy, shifting the base year for GDP to 202223. Authorities will also publish revised figures for earlier years to align them with the new benchmark. The goal is to make the numbers more realistic and responsive to todays economy, including evolving spending patterns and the expansion of online and tech-driven activity.