In FY23, the GDP deflator was 7% y-o-y. In the first three quarters of FY24, the deflator was around 1.1% y-o-y. Amid several factors – both structural and transient – that have contributed to ...

It does not factor taxes and subsidies. A new indicator called GDP deflator is derived by dividing nominal GDP by real GDP. It is a measure of price changes in the economy. Also See: Gross National ...

UPSC Essentials | Daily subject-wise quiz : Environment, Geography, Sci-Tech MCQs on HeLa cells, Pralay missile and more (Week 56) Sign In to read UPSC Essentials | Mains answer practice — GS 2 : ...

UPSC has compiled a reserve list including 240 candidates. According to the report, among the 1016 selected candidates, only 42 are from Hindi medium backgrounds. Interestingly, out of these 42 ...

Real GDP takes inflation into account by converting the nominal figure using a constant value of money from a past base year (called a GDP deflator). Economists generally prefer real GDP.

Are you preparing for UPSC CSE Prelims 2024? Check your progress and revise your topics through this quiz on International Relations. Are you preparing for UPSC CSE Prelims 2024? Check your progress ...

stood at 3.6% in 2023, according to the second estimate of the Federal State Statistical Service (Rosstat).The GDP in current prices amounted to 172.148 trillion rubles ($1.88 trillion). The GDP ...