India's Economic Reforms and GDP Updates

India is making big changes to how it calculates its economy's health.

Starting next month, they will use a new method called double deflation to measure the real value of different industries.

This new method will use better data sources, like surveys and tax information, to make the numbers more accurate.

They are also updating the list of items used to calculate the Consumer Price Index (CPI), which measures inflation.

The new list includes more items like online streaming services and natural gas, reflecting what people are buying now.

The government is also focusing on making taxes fairer by adjusting them for inflation, making housing more affordable, and ensuring that credit is accessible and affordable.

The goal is to have a more reliable way to track the economy and understand how prices are changing, while also making sure that people's money goes further and that the economy keeps growing strongly.