World & BusinessIndia's new GDP series draws on GST data and corporate filings
The Economic Times, citing the statistics ministry, reports that company-level information feeds private corporate estimates, while surveys assess household and unincorporated sectors.
TLDR
India's revamped GDP calculation incorporates GST data and corporate filings, The Economic Times reports, citing the statistics ministry. The update aims to estimate private corporate sector activity more precisely using company-level information. Corporate filings and limited liability partnership records also inform industry classification, while surveys provide direct assessments of household and unincorporated sectors.
India's new GDP series draws on GST data and corporate filings
The Economic Times, citing the statistics ministry, reports that company-level information feeds private corporate estimates, while surveys assess household and unincorporated sectors.
TLDR
India's revamped GDP calculation incorporates GST data and corporate filings, The Economic Times reports, citing the statistics ministry. The update aims to estimate private corporate sector activity more precisely using company-level information. Corporate filings and limited liability partnership records also inform industry classification, while surveys provide direct assessments of household and unincorporated sectors.