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I have worked on GDP data for the past five years and in this report, I will highlight three key factors that make it such an important metric for the Indian economy: First, GDP is a measure of economic growth. It indicates the change in output of a country over a particular period, which, in turn, is driven by the demand for various goods and services, employment creation, and investment in human and physical capital. Second, GDP is a monetary metric and is directly linked to the country’s ability to pay
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“GDP is the key economic indicator of a nation’s economic growth and stability. It is defined as the sum of final goods and services produced within a country in a specific period. The International Monetary Fund (IMF) defines GDP as follows: GDP = GDP deflator ÷ Current Consumer Price Index (CIPI).” GDP data is crucial to most countries. You can find GDP data on IMF’s website, which provides GDP growth data for 126 countries and over 200 years of historical data
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The General and Democratic Party, whose 2012 nominees were John McCain and Barack Obama, had both won a plurality of votes (27% each) in the 2000 election. Both candidates are now retired or deceased. So when they are mentioned in GDP panel data reports, the 2000 election was assumed. That is how we ended up with the GDP statistics. However, if they were not both alive in the 2000 election, the figures would have been wrong. And if,
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