Corrections and clarifications - July 26, 2018

July 26, 2018 12:02 am | Updated 12:02 am IST

In a Business page story “Iran becomes India’s No. 2 oil supplier” (Business page, July 24, 2018), there was a reference to the withdrawal by Washington from a 2005 nuclear deal with Tehran. It should have been 2015 nuclear deal.

A sentence in “What is the GDP deflator?” (Explainer, Business Review page, July 23, 2018) said: “Nominal GDP differs from real GDP as the former doesn’t include inflation, while the latter does.” It should be recast to say: “Nominal GDP differs from ... as the former doesn’t adjust for inflation, while the latter does.”

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