What Is GDP Base Year, Why Is Govt Revising It After 10 Years? Explained
Last Updated:December 02, 2024, 20:40 IST The government has announced its decision to change the base year for GDP calculation from 2011-12 to 2022-23. The base year is a benchmark for calculating GDP by eliminating the effects of inflation, allowing for a comparison of economic growth over time. The government on Monday announced its decision […]