The new gross domestic product (GDP) series is set for a major revamp, with the government introducing changes such as imputation of value of government provided housing, inclusion of Limited Liability Partnerships (LLPs), and revised deflators for sectors like mining, financial services, and real estate.For the estimation of non-financial private corporate sector, multi-activity firms will no longer have their entire output attributed to a single major line of business; instead, activity-wise turnover reporting in company filings will be used to split output and gross value added (GVA) across segments, according to a discussion paper issued by the statistics ministry on Friday. To measure the unincorporated sector, the new series will calculate GVA directly each year using productivity da

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