It is the price adjusted for inflation.
The price changes corrected to a baseline/reference datum.
For example, GDP at the constant price at the base year 2011-2012 means,
The baseline/reference datum is 2011-2012 year.
Goods prices were fixed in 2011-2012, and the output is subsequently measured using the price level of the baseline year.
Any price change and effect of inflation are excluded and adjusted.
It is the price of goods at the current market price.
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