New base year for computing economic growth in India- 2011-2012

Q.  What is the new base year being used for computing the economic growth rate in India?
- Published on 23 Jan 15

a. 2014-15
b. 2011-12
c. 2013-14
d. 2010-11

ANSWER: 2011-12
 
The base year was last revised in January 2010. Earlier, year 2004-05 was the base year for computing the economic growth rate. India Ratings (Ind-Ra), a leading rating agency of the county, on 28th Jan’15 said that the revision in base year of India’s national accounts will increase the size of the economy to Rs. 111.7 trillion in the financial year 2014-15.

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