Govt weighs shift to NDP from GDP as key metric of economy

India is looking at Net Domestic Product as a key economic indicator. This move aligns with the United Nations' SNA 2025 guidelines. NDP accounts for asset depreciation and resource depletion, offering a clearer picture of economic costs. The statistics ministry is preparing for this change, with implementation planned for 2029-30. A revised GDP base year is also coming soon.

from Economic Times https://ift.tt/1yRKvbx