India’s Statistics and Programme Implementation Ministry has moved the release of provisional GDP estimates and fourth-quarter GDP to June 7 each year. The change is designed to allow more complete inputs from companies and government sources, improving data quality and bringing reporting timelines closer to global standards. The ministry says the update will make GDP figures more reliable.
India’s Statistics Ministry has issued uniform guidelines to calculate Gross State Domestic Product using a revised base year of 2022-23. The update brings all states and Union Territories under one standardized framework, improving consistency and accuracy in regional economic estimates. With the new baseline, comparisons of growth and performance across regions are expected to become more reliable and meaningful.
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India’s statistics ministry plans to release granular city-level reports for major urban centers. The new publication will draw on the Periodic Labour Force Survey and the Annual Survey of Unincorporated Sector Enterprises, giving a clearer picture of local labour markets and small enterprise activity. Officials say the data will strengthen policy decisions and improve understanding of urban economic dynamics.
Alan Blinder, former Federal Reserve vice chair, sharply criticizes Donald Trump’s approach to economics and rhetoric, arguing that tariffs are contractionary and that political pressure is undermining trust in American statistics. Blinder also warns that the US retreat from globalization could worsen uncertainty and weaken the future of global trade, with ripple effects beyond India and the US.
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