Economics · Economy
Consider the following statements regarding India's GDP measurement methodology revision (base year 2011-12): 1. The methodology uses GVA at Basic Prices as the primary production-side aggregate. 2. Estimates for the private corporate sector use audited annual accounts from the MCA-21 database. 3. The revision caused FY 2013-14 GDP growth to be revised downward from 6.9% to 4.7%. 4. Financial Intermediation Services Indirectly Measured (FISIM) is included in value-added estimates. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, 3 and 4
- 22 and 3 only
- 31, 2 and 4 only✓
- 41 and 4 only
Correct answer
1, 2 and 4 only
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