Economic Awareness - Sectors of Indian Economy
Which of the following statements is correct regarding the base year used for national income calculations in India as of January 2026?
Which of the following statements is correct regarding the base year used for national income calculations in India as of January 2026?
medium Q8 of 15
Step-by-Step Solution
Step 1: Understand base year concept
The base year is the reference year used for calculating real GDP and other national income aggregates to adjust for inflation.Step 2: Recall India's current base year
As of January 2026, the base year used by the National Statistical Office (NSO) for national income calculations is 2011-12.Final Answer:
The base year is 2011-12 → Option CQuick Check:
India's national income base year = 2011-12 ✅
Quick Trick: Remember 2011-12 is the current base year for Indian GDP.
Common Mistakes:
- Confusing with older base years like 2004-05 or newer ones not yet adopted.
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