Friday, March 5, 2021

Economics

Good news for the Indian economy: February Inflation anticipated to hit a four month low

2017 had been a great year for India also because in late 2017, India was announced as world’s fastest-growing major economy and that of course puts India at a greater position. Also, as per Economic survey 2018, India’s Gross Domestic Product is estimated to be between 7-7.5, and adding to it the recent news that the Inflation rate for...

Centre to change the base year of GDP, IIP and CPI to 2017-18

In 2015, the Central Statistics Office (CSO) under the Statistics Ministry had changed the base year for the Gross Domestic Product (GDP) from 2004-05 to 2011-12, and now again the base year is about to get revised. In June last year, the Statistics and Programme Implementation Minister of India D.V Sadananda Gowda had said in a press conference that...