Estimating GDP in India: How Erroneous is it? | Arun Kumar

(Based on articles in Manorma Year Book, 2025 and in National Herald, 2025 December 6)

GDP is taken to give an idea of the production of goods and services in an economy. Because of the huge diversity of what is produced in a modern society, aggregation becomes difficult. GDP yields one monetary number to represent it and that is taken to present an aggregate picture of society