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Can India become a $20 Trillion Economy? | Deep Dive with Neelkanth Mishra

SparX by Mukesh Bansal

CHAPTER

Measuring GDP in the Indian Economy

Exploring the challenges and complexities of estimating GDP in India, the chapter discusses the importance of accurate measurement across various sectors like agriculture, industry, and services. It delves into the intricacies of capturing informal activities and the evolution of India's statistical system, emphasizing the need for data accuracy and a standardized approach. The chapter also compares GDP estimation methods by government bodies with forecasts from international organizations, highlighting the nuances of GDP growth as a vital economic indicator.

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