Question

After the rebasing of India’s GDP series from 2004-05 to 2011-12 base year, which of the following changes was observed?

A Share of agriculture increased substantially; investment share rose while consumption share fell
B Headline GDP growth rates were revised downward across most years; manufacturing share fell
C Share of private final consumption expenditure in GDP increased; gross capital formation share declined; services sector’s share expanded under the new methodology
D Share of agriculture and manufacturing both increased; investment growth exceeded consumption growth
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