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We show how the idea behind a formula for π discovered by the Indian mathematician and astronomer Nilakantha (1445-1545) can be developed into a general series acceleration technique which, when applied to the Gregory-Leibniz series, gives the formula $\pi ={\sum }_{n=0}^{\infty }((5n+3)n!\left(2n\right)!)/(2^{n-1}(3n+2)!)$ with convergence as $13.5^{-n}$, in much the same way as the Euler transformation gives $\pi ={\sum }_{n=0}^{\infty }(2^{n+1}n!n!)/(2n+1)!$ with convergence as $2^{-n}$. Similar transformations lead to other accelerated series for π, including three “BBP-like” formulas, all of which are collected in the Appendix....