GDP back series data: Having a new base year is fine, but high growth post-demonetisation is surprising
There can be no discussion on the new base year concept as it is globally accepted.
Doubt remains in certain quarters about the pace of recovery. Those doubts are likely to be resolved when the revised estimates for the 2014-15 GDP are published in 2016 and then further revised in 2017
At present, the GDP is computed on 2004-05 base year.