In India, the base year of the new GDP series has been shifted from 2004-05 to
2007-08
2008-09
2010-11
2011-12
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CDS-2 – 2017
In January 2015, the Ministry of Statistics and Programme Implementation (MOSPI) in India announced a change in the base year for calculating Gross Domestic Product (GDP) estimates from 2004-05 to 2011-12. Along with the base year revision, the methodology for calculating GDP was also revised, bringing it closer to international standards (like the UN System of National Accounts, SNA 2008).