Answer
2022-23
Explanation
The government has proposed changing the current base year from 2011-12 to 2022-23.
Key Points
- > Old Base Year: 2011-12
- > New Base Year: 2022-23
- > Calculation: GDP and IIP
Additional Information
- GDP is the total value of goods and services produced within a country's borders.
- IIP (Index of Industrial Production) is the index of industrial growth.
- CSO (Central Statistical Office) publishes these data.
| Index | Old Base | New Base |
|---|---|---|
| GDP/IIP | 2011-12 | 2022-23 |