Why economists rely on GST data

Post Covid, economic indicators have tended to be heavily influenced by the base-year effects. Often, one tends to get contrary signals. For example, the Indian economy has averaged a growth of over 8 per cent in the last three years. However, consider the absolute increase in real GDP – for the five-year period ending in 2023-24, GDP increased by around Rs 34 lakh crore compared to Rs 42 la…