TNPSC Thervupettagam

GDP Calculation in India

June 21 , 2019 2013 days 915 0
  • 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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