New GDPMethodology

NITI Aayog and the Central Statistics Office (CSO) released the ‘back-series’ of India’s gross domestic product (GDP) data from 2005-06, using a new methodology. The government has come out with a linked back-series of India’s growth numbers from 1950-51 to 2003-04, with 2011-12 as the base year, to align GDP numbers from past years with the new internationally accepted methodology and facilitate comparisons.

Basic Facts

  • GDP represents the total value of all the final goods and services that are produced within a country’s borders within a particular time period, typically a year or a quarter.
  • Nominal GDP ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy March 2020 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Indian Economy & Socio-economic Development