The COE to GDP ratio for the private sector grew rapidly to 12.4% in FY21 from 9.2% in FY12 (nominal COE in the private sector was at Rs24.5 trillion in FY21).(Photo: Mint) Compensation of employees ...
India has officially shifted its GDP base year from 2011-12 to 2022-23 to better reflect structural shifts, such as the digital economy and formalization.
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