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Gross Value Added News

Indian Economy Remains Resilient, GDP Grows To 8.4% In Q3, Beating Estimates; FY24 Growth At 7.4%

Indian economy continues to dominate world economies by remaining resilient and above 7%. Beating estimates, India's GDP grows to a whopping 8.4% in Q3FY24, while its full year growth rate stood at 7.4%. The econony has even performed better-than RBI's forecast ...

SIDBI launches MSME Economic Activity Index – Sumpoorn in collaboration with Jocata

SIDBI has launched MSME Economic Activity Index – Sumpoorn in collaboration with Jocata. It is a high-frequency indicator that will capture the state of India's growth engine, its MSMEs....

What is Gross Value Added?

In India, GDP is estimated by the Central Statistical Office (CSO). Under the Fiscal Responsibility and Budget Management Act 2003 and rules there under. The Ministry of Finance uses the GDP numbers to peg the fiscal targets. For this purpose, the ...

How is IIP calculated in India?

Index of Industrial Planning (IIP) is an index showing the growth of different industrial sectors over a period of time. The industrial sectors include mining, electricity and manufacturing. IIP indicator measure the short term changes in the volume of production ...