 "GDP")
India’s gross domestic product (GDP) estimates have long been the subject of controversy. For this reason, it is encouraging to see a recent news report that the government is planning to improve GDP measurement by using data from the goods and services tax (GST). If the plan is implemented, it would represent a great step forward, and redound to the credit of the leadership at the Ministry of Statistics and Planning Implementation (Mospi). Consider why.
Any statistical agency needs to decide whether it will measure GDP from the production side or from the expenditure side. In principle, the two measures
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