The Central Statistics Office (CSO) of the Government of India has been reporting the GDP at factor cost and at market prices. In its revision in January, 2015 the CSO replaced GDP at factor cost with __________
The Central Statistics Office (CSO) of the Government of India has been reporting the GDP at factor cost and at market prices. In its revision in January, 2015 the CSO replaced GDP at factor cost with __________
Solution
✅ Correct Option: 4
In its January 2015 revision, the CSO adopted international practice and replaced GDP at factor cost with Gross Value Added (GVA) at basic prices as the measure of economic activity by sector.
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2024: 16 May