New Delhi, Jan. 6 -- The statistics ministry is considering a shift from Gross Domestic Product (GDP) to Net Domestic Product (NDP) as the primary measure of economic growth, media report said.
Global Push Under SNA 2025 Framework
The System of National Accounts 2025 (SNA 2025) has explicitly encouraged greater emphasis on net measures of output. While GDP will continue to be compiled, the new framework argues that NDP offers a conceptually cleaner picture of economic progress.
The pre-edit release of SNA 2025 states that although GDP has been the main measure of domestic production, NDP, is conceptually more robust, and countries are encouraged to compile it alongside GDP, reported Money Control.
India already publishes NDP alongside...
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