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EXPLAINED | Nominal GDP vs Real GDP: What's the difference? Which is a better marker to understand economical health?

The Ministry of Statistics and Programme Implementation (MoSPI) last week released the economic growth data for the first quarter - covering months of April, May and June of the current financial year ...

GDP data row: What is Base Year, how is it revised and why has it raised a political storm? | Explained

Mint Explainer: A base-year revision allows the government to incorporate newer data sources, improve its methodology and better capture changes in the economy, which can look very different over five ...

Has Japan Really Become Poorer Due to Its Falling Global GDP Ranking? Explained via Exchange Rates, Inflation, and Housework—Main Content is Free!

AbstractWhen we see news that Japan's global GDP ranking has fallen, it is easy to feel that "Japan has become poorer." ...