India revamps GDP calculation with GST data and corporate filings

India's statistics ministry has overhauled its GDP calculation methodology to integrate extensive corporate filings and GST data. The revised approach uses company-level information to provide more precise estimates of private corporate sector activities.

The new methodology also leverages corporate filings and LLP records to improve industry classification. Surveys continue to be deployed for direct assessment of household and unincorporated sectors, ensuring comprehensive coverage across economic segments.