India’s 7.8% GDP Growth Explained | Double Deflation & New GDP Series | UPSC | Drishti IAS English

For admission to the IAS GS Foundation Course, click on the link:https://drishti.xyz/upsc-course-yt-eng IAS Mains Courses: https://drishti.xyz/ias-mains-yt-ias-... NCERT Course: https://drishti.xyz/ncert-yt-ias-english , IAS Prelims Courses:https://drishti.xyz/ias-prelims-yt-ia... IAS Optional Courses: https://drishti.xyz/optional-yt-ias-e... ************************************************************************** India’s 7.8% GDP growth rate and new GDP series methodology have sparked debate after former finance secretary Subhash Chandra Garg questioned the reliability of GDP estimates. This UPSC Current Affairs session explains why the government released FAQs on GDP calculations, what changes were introduced in the 2022-23 base year, and how concepts like double deflation and GDP deflator impact economic growth measurement. In this video, we discuss the new GDP series, base year revision, Gross Value Added (GVA), deflation, and double deflation methodology in detail. The session explains why manufacturing, agriculture, and mining sector estimates showed variations, how input and output prices are adjusted, and why GDP inflation differs from CPI and WPI inflation. This topic is highly relevant for UPSC Prelims 2027 and UPSC Mains, especially under Indian Economy, National Income, Economic Survey, and Current Affairs. It is also useful for State PCS and other competitive examinations. Stay connected with Drishti IAS English for comprehensive and exam-oriented analysis of important developments in Economy, Current Affairs, Government Policies, and UPSC Preparation. ************************************************************************** 𝐋𝐢𝐧𝐤𝐬 𝐨𝐟 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 Important 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭𝐬- 1. Latest Update: https://drishti.xyz/Latest-Update 2. NCERT Foundation Series: https://drishti.xyz/NCERT-Foundation-... 3. How to Prepare Optional: https://drishti.xyz/How-to-Prepare-Op... 4. Optional Subject Demo Classes: https://drishti.xyz/Optional-Subject-... 5. UPSC Mock Interview 2024: https://drishti.xyz/UPSC-2024-Mock-In... 6. IAS Toppers Talk 2024: https://drishti.xyz/Toppers-Talk-2024... 7. Voices of the Revolution: https://drishti.xyz/Voices-of-the-rev... ************************************************************************* Our Key Courses: 1. GS Foundation Courses: https://drishti.xyz/GS-foundation-Onl... 2. GS Studio Foundation Course (Hindi): https://drishti.xyz/GS-Studio-Foundat... 3. GS Studio Foundation Course (Hinglish): https://drishti.xyz/gs-studio-foundat... 4. GS Studio Foundation Course (English): https://drishti.xyz/GS-Studio-Foundat... 5. NCERT Online Courses: https://drishti.xyz/NCERT-Online-Courses 6. UPSC Optional Subjects Online Courses: https://drishti.xyz/UPSC-Optional-Sub... 7.IAS Prelims 2026 Online Courses: https://drishti.xyz/IAS-Prelims-2026-... 8. IAS Mains 2026 Online Courses: https://drishti.xyz/IAS-Mains-2026-On... 9. Current Affairs (Prelims + Mains) IAS 2026 Online Courses: https://drishti.xyz/UPSC-Current-Affa... 10. UPSC Prelims 2026 Test Series: https://drishti.xyz/IAS-Prelims-2026-... 11. UPSC Mains 2026 Test Series: https://drishti.xyz/IAS-Mains-2026-Te... 12. EPFO Online Course: https://drishti.xyz/UPSC-EPFO-Online-... 13. CAPF Online Courses: https://drishti.xyz/CAPF-Online-Courses ************************************************************************* Drishti Store: https://drishti.xyz/Drishti-Store-yt Amazon: https://drishti.xyz/drishti-publicati... flipkart: https://drishti.xyz/drishti-publicati... ************************************************************************* 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐃𝐫𝐢𝐬𝐡𝐭𝐢 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐀𝐩𝐩 𝐧𝐨𝐰 : IOS: https://drishti.xyz/DLA-IOS Android : https://drishti.xyz/DLA-Android Windows : https://drishti.xyz/DLA-Windows =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐨𝐧 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚 : https://drishti.xyz/SocialMedia-YT #GDPGrowth #GDP #GDPData #GDPSeries #DoubleDeflation #GDPDeflator #NationalIncomeAccounting #IndianEconomy #EconomyForUPSC #UPSC2027 #UPSCPrelims #UPSCMains #CurrentAffairsUPSC #EconomicSurvey #GVA #BaseYearRevision #Inflation #CPI #WPI #GS3Economy #IndianEconomyUPSC #DrishtiIASEnglish #IAS #SubhashChandraGarg #UPSCPreparation | #CivilServicesExam | #IASPreparation | #UPSC2026 | #UPSCMotivation | #CurrentAffairs | #upscmains