Q9 · UPSC current affairs · 4 September 2026 · News · GDP Base Year Rebasing and Double Deflation Method

Consider the following statements regarding GDP base year rebasing and national accounts:1.The National Statistical Office (NSO) is scheduled to release an updated GDP back series and new base year series.2.Double deflation is a method that uses a single uniform price index for both output and inputs to calculate nominal GDP.Which of the statements given above is/are correct?

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 nor 2

Correct answer: (a) 1 only

Explanation

Statement 1 is correct as the NSO is scheduled to release the updated GDP back series and new base year series. Statement 2 is incorrect because double deflation uses separate, specific price indices for gross output and intermediate inputs.

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Key facts

Askable facts for GDP Base Year Rebasing and Double Deflation Method

Data Compiling Agency

National Statistical Office (NSO)

Why it mattersNSO under the Ministry of Statistics and Programme Implementation compiles national accounts statistics.
Methodological Guideline

System of National Accounts (SNA 2008)

Why it mattersInternational standard framework set by UN and IMF for compiling national accounting aggregates.

Prefer durable names, Acts and provisions — not short-lived counts.

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