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GDP base year News

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The statistics ministry is set to change the base year of national accounts to 2017-18 from 2011-12 after completion of the household consumer expenditure survey and labour force data by the end of 2018.
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A new series of national accounts with 2011-12 as base year for computing economic growth rate will be released Friday, which may provide some cushion to government struggling to meet fiscal deficit target.






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