Indicate the vital change in the measurement of National Income of India introduced in January 2015.
In January 2015, the Central Statistics Office (CSO) introduced two vital changes in India's National Income accounting: the base year was revised from 2004-05 to 2011-12,…
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Indicate the vital change in the measurement of National Income of India introduced in January 2015.
Answer and explanation
Correct answer D
In January 2015, the Central Statistics Office (CSO) introduced two vital changes in India's National Income accounting: the base year was revised from 2004-05 to 2011-12, and headline GDP began to be measured at Constant Market Prices instead of GDP at Factor Cost.
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