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GDP Calculation in India
June 21 , 2019
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- The Economic Advisory Council to the Prime Minister has released a detailed note titled “GDP estimation in India- Perspectives and Facts”.
- It provides a clear rationale for India’s switch to an improved GDP estimation methodology in January 2015.
- The new methodology that uses 2011-12 as the base year includes two major improvements:
- Incorporation of MCA21 database
- Incorporation of the Recommendations of System of National Accounts (SNA), 2008
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