India’s GDP growth between 2012 and 2023 may have been overstated, with actual expansion closer to 4–4.5% a year than the official estimate of about 6%, says a working paper by Abhishek Anand, Josh Felman and Arvind Subramanian
India will adopt FY 2022–23 as the new base year for GDP estimates, incorporating new datasets from corporate filings, LLPs, and unincorporated enterprises. The revised methodology aims to improve coverage of private companies, MSMEs, and service sector activities
