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GDP base year change
December 8 , 2024
36 days
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- The government has decided to update the base year for the compilation of Gross Domestic Product (GDP) from 2011-12 to 2022-23.
- The 26-member Advisory Committee was constituted under the Chairmanship of Biswanath Goldar and is expected to complete the exercise by early 2026.
- The Gross Domestic Product (GDP) data based on the 2011-12 series was also released in January 2015.
- The first official estimates of the national income were prepared by the Central Statistical Organisation (CSO) with the base year 1948-49 for the estimates at constant prices.
- These estimates at the constant (1948-49) prices along with the corresponding estimates at the current prices and the accounts of the Public Authorities were published in the publication, 'Estimates of National Income' in 1956.
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