RBI takes U-turn, Rowback to GDP To Measure Economy

The Reserve Bank of India (RBI) has decided to switch back to gross domestic product (GDP) based measure to analyze the growth of the economy by using GVA methodology. GVA gives the idea of state economic activity from the producer side, whereas GDP gives the picture from the consumer side. The Central Statistical Office (CSO) has also started using GDP as the main measure of economic activities since January this year.