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QWhat is the base year currently used for calculating India’s GDP?

ID: #23830 Civil Services Examination (CSE) 268 views
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#23830Q ID
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  • A 2004-05 ✔ ✖
  • B 2011-12 ✔ ✖
  • C 2014-15 ✔ ✖
  • D 2001-02 ✔ ✖
Correct Answer: Option B

Explanation

The base year for calculating India’s GDP is 2011-12, chosen to reflect recent economic activities and structural changes. Base years are periodically updated to provide an accurate measure of economic performance and to incorporate updated data sources and methodologies. Using an appropriate base year ensures realistic GDP calculations, aiding policymakers in framing effective economic strategies.

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