The Macro Puzzle: What explains the big divergence between G

The Macro Puzzle: What explains the big divergence between GDP and GVA

Most likely the government might have not spent heavily on subsidies while tax flows, especially GST, has been highly robust. Interestingly, the second highest difference between GDP and GVA is in 2018-19, which coincides with the period during the previous Lok Sabha election. However, one has to be careful before jumping to any conclusions as the GDP data is revised significantly in multiple stages

Related Keywords

India , Groucho Marx , Lok Sabha , Programme Implementation , Ministry Of Statistics , National Statistics Office , Goods Services Tax , Gross Domestic Product , Gross Value Added , Services Tax , Net Indirect Taxes , Macro , Gdp , Va , Economy , ,

© 2025 Vimarsana