The 7.6% growth rate registered by Indian economy during the year 2015-16 is based on

The 7.6% growth rate for the Indian economy in 2015-16 refers to the growth of Real Gross Domestic Product (GDP). According to official data from the Central Statistics Office (CSO), the provisional estimates for the annual growth rate of GDP at constant (2011-12) prices for the financial year 2015-16 was exactly 7.6% . In contrast, the growth rate at current prices (Nominal GDP) for the same period was 8.7% . Economic growth in India is primarily measured by Real GDP, which is an inflation-adjusted measure reflecting the value of all goods and services produced at constant prices [3]. While Gross Value Added (GVA) at constant basic prices is also a key metric, its growth rate for 2015-16 was recorded at 7.8% . Therefore, the specific 7.6% figure corresponds to GDP at constant prices .

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 1: National Income > CHAPTER SUMMARY > p. 17
2. [3] https://www.pib.gov.in/newsite/printrelease.aspx?relid=145814