grossdomesticproduct
By Mohammed Kudrati India's gross domestic product (GDP) grew 13.5% in the first quarter (April to June) of the ongoing fiscal year (FY23) over the same period last year, data released by the National Statistics Office of the Ministry of Statistics and Programme Implementation shows. The quarterly estimates of the Indian economy saw it being valued at ₹36.85 lakh crores, compared to ₹32.46 lakh crores in the same quarter last year in constant prices (which adjusts for inflation). The numbers missed a growth estimate of 15.2%, according to a poll conducted by Reuters. However, a double-digit gr...
BOOM Live
By Mohammed Kudrati Jagat Prakash Nadda, the President of the Bharatiya Janata Party (BJP) has misleadingly claimed that India's per capita gross domestic product (GDP) has nearly doubled from ₹79,000 to ₹1.5 lakh. He has given no other details alongside this claim. BOOM referred to data from the Reserve Bank of India to find that these numbers have been cherrypicked by him. While India has far exceeded the ₹1.5 lakh mark as claimed by Nadda only in the last financial year, it is GDP in nominal prices. Since this metric is measured in the prices of the ongoing financial year, it is not a stand...
BOOM Live
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