Government forms panel to upgrade norms for state
July 4th, 2018
The government has set up a 13-member committee for Sub-National Accounts will be headed by Ravindra H Dholakia, a retired professor of IIM Ahmedabad. Its aim is to upgrade the norms for computation of economic data at states and districts level to revise the base year for National Accounts or GDP calculation. The Ministry of Statistics and Programme Implementation (MOSPI) will change the base year to 2017-18 for the calculation of GDP and IIP numbers from the current 2011-12.