Real or nominal? Making sense of FM's 'near zero' GDP growth comment

A zero nominal growth rate of GDP would mean the real rate of growth of GDP would be in negative territory.

Finance Minister Nirmala Sitharaman

The ministry of statistics and programme implementation calculates the GDP using both the WPI and CPI broadly in the ratio of 60 to 40 to construct its deflator for each sector.

India could log a GDP growth rate of “near zero” in the current financial year, said Finance minister Nirmala Sitharaman on Tuesday. She didn’t say whether her estimate is about

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First Published: Oct 28 2020 | 5:14 PM IST

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