• Linkdin

India to change base year for calculating GDP, CPI data

07 Jul '18
1 min read

The Indian Government will change the base year for calculating gross domestic product (GDP) and retail inflation to 2017-18 and 2018 respectively, which is expected to be effective by 2019-20. The last base year for GDP, index of industrial production (IIP) and consumer price index (CPI) was revised to 2011-12 and 2012 (for inflation), a news agency reported.

Allaying fears that the government has changed the GDP and CPI calculation methodologies to suit its needs, minister of statistics and programme implementation Sadananda Gowda recently said that the revisions facilitated more accurate assessment of the progress of the economy and the society. (DS)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search