Question

What is the base year of india in gdp calculations?

Answer 1

Here is your answer:

The new base year for GDP and IIP will be 2017-18 and for CPI, it will be 2018. At present, 2011-12 is used as the base year for calculating the GDP.

Answer 2

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Above answer is correct .

know more :-

GDP stands for Gross Domestic Product.

• It is the sum total of all final goods and services produced in a country during a particular year. It shows how big the economy is.

GDP = C + I + G + (X – M)

where

• C = private consumption
• I = gross investment
• G = government investment + government spending
• X = exports
• M = imports