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05 Nov 2019

Government to bring in new base year for GDP calculation

Though the year 2017-18 is under consideration as the new base year, no final decision has been taken as the committees of experts are awaiting some more data before finalising their opinion, MOSPI Secretary Pravin Srivastava said at an industry chamber Ficci-organised conference.

GDP calculation

04 Jul 2018

Govt to change base years for GDP, retail inflation calculation

The last base year for GDP, IIP and consumer price index was revised to 2011-12 and 2012 (for inflation).

10 Feb 2015

'GDP forecast not in sync with tax collection, credit growth'

Raising questions about the new methodology pushing up the GDP forecast to 7.4 percent for the current fiscal, economists have said it is not in sync with key parameters such as tax collections and credit growth.

30 Jan 2015

Base year change pushes GDP growth to 6.9% in 2013-14

The economic growth rate was Friday revised upwards to 6.9 percent for 2013-14, as against 4.7 percent estimated earlier, after the government updated the base year for measuring national accounts.

30 Jan 2015

Base year for GDP revised; new base will be 2011-12

A new series of national accounts with 2011-12 as base year for computing economic growth rate has been released Friday, which may provide some cushion to government struggling to meet fiscal deficit target.

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