Currently base year for calculating GDP has been chaged. What is the new baseline year?
2008-09
2010-11
2011-12
2007-08
Explanation:
India's GDP was calculated with base year 2004-05. Base year changed to 2011-12. Subsequently 2012'13's GDP growth rate is increased from ~4.7%to ~7%.
India's GDP was calculated with base year 2004-05. Base year changed to 2011-12. Subsequently 2012'13's GDP growth rate is increased from ~4.7%to ~7%.