The base years for GDP, CPI and IIP have been revised to the following:
- A2022-23, 2022-23, 2023-24 respectively
- B2023-24, 2024-25, 2022-23 respectively
- C2023-24, 2022-23, 2022-23 respectively
- D2022-23, 2023-24, 2022-23 respectively
Show answer and explanation
Correct answer: (d) 2022-23, 2023-24, 2022-23 respectively
Explanation
The Ministry of Statistics and Programme Implementation (MoSPI) has revised the base years of its main economic series:
- GDP (national accounts): from 2011-12 to 2022-23;
- IIP (Index of Industrial Production): from 2011-12 to 2022-23;
- CPI (Consumer Price Index): from 2012 to 2024, with the basket and weights drawn from the Household Consumption Expenditure Survey of 2023-24.
Only option (d) gives 2022-23 for both GDP and IIP; its 2023-24 for the CPI refers to the survey year on which the new CPI is built.