2015 India GDP rebasing

In 2015, the Central Statistics Office (an office under the Ministry of Statistics and Programme Implementation) of the government of India made a number of changes to the way it calculated the gross domestic product of India, including a change in the base year relative to which calculations are done. This change was known as the 2015 India GDP rebasing or just the rebasing.[1][2][3][4][5][6][7][8][9]

. . . 2015 India GDP rebasing . . .

The new method was used to release updated numbers for Fiscal Year 2013 (April 2013 to March 2014) and 2014 (April 2014 to March 2015). Initial announcements about the change were made in February 2015, and additional series were released in 2015; much of the commentary on the changes happened in April 2015.[2][4][9]

There were two main changes made to bring Indian GDP calculations more in line with international standards as enshrined in the System of National Accounts: change of the base year to 2011/12, and switch to market prices. A number of other minor changes were made, such as better data sources, and new classification and calculation methods.

Since January 2010, the base year used by statisticians in India’s Central Statistics Office was the months endinyear for calculations to the year ending March 2012 (i.e., the 2011/12 year).[1][2][4][10] According to the Frontier Strategy Group, India changes the base year for its GDP calculation about once every five years, so this change was in keeping with past changes.[5]

. . . 2015 India GDP rebasing . . .

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. . . 2015 India GDP rebasing . . .