WebThe previous series changed the base from 2004-05 to 2011-12. The base year is a benchmark concerning which the public record figures like total national output (GDP), gross homegrown saving, and gross capital development are determined. Base year prices are considered constant as that structure is the base for comparison of two or more figures. WebMay 2, 2024 · India’s Central Statistical Office (CSO) introduced the new series of National Accounts Statistics (NAS) with the base year 2011-12, replacing the earlier series with …
What is Index of Industrial Production (IIP)? - Civilsdaily
WebIt is calculated and published by the Central Statistical Organisation (CSO) every month. It is a composite indicator of the general level of industrial activity in the economy. ... The base year was at one time fixed at 1993–94 so that year was assigned an index level of 100. The current base year is 2011-2012. Related Links: UPSC Books: WebThe Central Statistics Office (CSO) is a governmental agency in India under the Ministry of Statistics and Programme Implementation responsible for co-ordination of statistical … highland dermatology nc
GDP of India - Details on Background, Method of Estimation
WebApr 13, 2024 · The Laspeyres index formula, involving the use of fixed base year weights, has been used in the compilation of the monthly index numbers for all commodity groupings except vegetables, potatoes and sheep. Because of the highly seasonal nature of vegetables, potatoes and sheep, variable monthly baskets of products are priced for … WebMay 21, 2024 · Results of the change. Taking the old definition and base of 2004-05, India’s GDP growth stood at 4.5 percent in 2012-13 and 4.7 per cent in 2013-14. However, the new Indian GDP series put GDP growth at 5.1 percent for 2012-13 and 6.9 percent for 2013-14. The move towards this method of GDP calculation has brought the method in par with … WebThe base year was at one time fixed at 1993–94 so that year was assigned an index level of 100. The current base year is 2011-2012. ... Recent revision of IIP released by CSO … highland designs.com