-Firstpost.com
In January 2015, India moved to a new method of calculating the gross domestic product (GDP). The trouble was that up until day before yesterday, data from only 2011-2012 onwards was available as a part of this new GDP series. Hence, any comparison with the years before 2011-2012 was not possible.
On Wednesday, nearly four years after moving to a new GDP series, the government released GDP data for the years 2004-2005 to 2010-2011, as a part of the new series. As per this new series, the economic growth between 2004-2005 and 2011-2012, wasn’t as much as was estimated earlier.
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