| (September, 2025): Annual Survey of Industries (ASI) Results 2023-24 Released MoSPI released ASI results showing Gross Value Added (GVA) grew by 11.89% over the previous year. ASI data is a critical economic indicator used in National Income calculation to determine the contribution of the organised manufacturing sector to the economy. |
| (August, 2025): Adoption of System of National Accounts (SNA) 2025 The UN Statistical Commission adopted SNA 2025 to replace the 2008 framework. It expands the boundaries of GDP calculation to include “natural capital accounting,” “unpaid household work,” and “distributional accounts” to better measure well-being and sustainability beyond mere economic output. |
| (July, 2025): India’s First-Ever Household Income Survey Announced MoSPI announced a dedicated Household Income Survey for 2026 to fix data gaps in per capita income and inequality measurement. Previously, India relied on “consumption expenditure” as a proxy for income, which often underestimated true income disparity. |
| (July, 2025): Debate on Nominal GDP vs. Purchasing Power Parity (PPP) While IMF data projects India as the 4th largest economy by Nominal GDP (4.18trillion),it ranks 3rd by PPP (17.65 trillion). This highlighted the difference between output measured at market exchange rates (Nominal) versus cost-of-living adjustments (PPP). |
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National Income Accounting – GDP, GNP, NNP
| (September, 2025): Annual Survey of Industries (ASI) Results 2023-24 Released MoSPI released ASI results showing Gross Value Added (GVA) grew by 11.89% over the previous year. ASI data is a critical economic indicator used in National Income calculation to determine the contribution of the organised manufacturing sector to the economy. |
| (August, 2025): Adoption of System of National Accounts (SNA) 2025 The UN Statistical Commission adopted SNA 2025 to replace the 2008 framework. It expands the boundaries of GDP calculation to include “natural capital accounting,” “unpaid household work,” and “distributional accounts” to better measure well-being and sustainability beyond mere economic output. |
| (July, 2025): India’s First-Ever Household Income Survey Announced MoSPI announced a dedicated Household Income Survey for 2026 to fix data gaps in per capita income and inequality measurement. Previously, India relied on “consumption expenditure” as a proxy for income, which often underestimated true income disparity. |
| (July, 2025): Debate on Nominal GDP vs. Purchasing Power Parity (PPP) While IMF data projects India as the 4th largest economy by Nominal GDP (4.18trillion),it ranks 3rd by PPP (17.65 trillion). This highlighted the difference between output measured at market exchange rates (Nominal) versus cost-of-living adjustments (PPP). |
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