India, Dec. 6 -- The government on Thursday said base year for calculating gross domestic product was changed to 2011-12 due to a change in the socio-economic environment of the country.
In a reply to a question in the Rajya Sabha, Minister of State for Statistics, Programme Implementation and Planning Rao Inderjit Singh said that over the past 70 years, the base year has been changed seven times.
It was changed in 1967, 1978, 1988, 1999, 2006, 2010 and last time in 2015, when the base year was changed to 2011-12, he said.
"This is not the first time that the base year for computing...GDP has been changed.
"Even the United Nation's System of National Accounts says that the base year should be periodically changed so as to get full rainb...