(a) whether it is a fact that the Government proposes to shift the base year of indicator as 2018;
(b) if so, what is the present base year taken for calculation of the last ten years economic scenario;
(c) the details of the last five years GDP, index of industrial production, inflation with consumer index when compared to base year 2000; and
(d) the benefits likely to accrue to the Government as well as country to meet the data requirements in shifting of the base year?
MINISTER OF STATE IN THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS (SHRI VIJAY GOEL)
(a) &(b): Government proposes to shift the base year for calculation of Gross Domestic Product (GDP) to 2017-18. The present base year for GDP is 2011-12 and the previous one was 2004-05.
(c): Details are given below:
2012-13 2013-14 2014-15 2015-16 2016-17
GDP at Constant 9213017 9801370 10527674 11386145 12196006
(2011-12)Prices
(Rs. in Crores)
Annual Index of 103.3 106.7 111.0 114.7 120.0
Industrial
Production with
base year 2011-12
Inflation percentage 10.26 9.79 6.34 5.58 4.17
on the basis of
Consumer Price Index
(Industrial Workers)
with base year 2000
(d): In the base revision exercise, new data sources and updated data in respect of existing sources, which reflect the structural changes in the economy, are identified alongwith appropriate methodological improvements in line with the relevant international standards.
*****