SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 05 Nov, 2019  

India.Growth.9.Thmb.jpg New base year for GDP calculation soon

GDP.9.jpg
   Top Stories
» 28 Indian startups raised over $800 mn in funding this week
» GST Council waives interest, penalty on notices to taxpayers under Section 73
» India's innovation ecosystem poised for exponential growth: Industry
» India's innovation ecosystem poised for exponential growth: Industry
» Overseas Indians faith grows in Indian economy with $1 billion deposits in April
SME Times News Bureau | 05 Nov, 2019

The Ministry of Statistics and Programme Implementation (MOSPI) will, in next few months, decide on a new base year for calculating the GDP and is working to bring in a new series for national accounts in place of the existing base year of 2011-12, a senior official said on Tuesday.

Though the year 2017-18 is under consideration as the new base year, no final decision has been taken as the committees of experts are awaiting some more data before finalising their opinion, MOSPI Secretary Pravin Srivastava said at an industry chamber Ficci-organised conference here.

"The decision to change the base year (of GDP) would be taken in the next few months. We are waiting for Annual Survey of Industries and the Consumer Expenditure Survey. All the preparatory work is getting ready for that. Once the result is out, we will place it before the respective committees (to decide about the base year," Srivastava said.

In January last year, the Statistics Ministry had said that it is set to change the base year of national accounts to 2017-18 from 2011-12 after completion of the household consumer expenditure survey and labour force data by the end of 2018.

"My ministry has planned to revise the base year of National Accounts Statistics to 2017-18. The preparatory work for this huge exercise has been started," the then Statistics Minister D.V. Sadananda Gowda had said while addressing a press conference on the government's performance over a three-year period.

Former Chief Statistician T.C.A Anant had said: "Once the results of employment survey and household consumer expenditure survey come out then base year can be changed. Those are critical inputs into the base revision."

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
Will the Budget 2024 be MSME friendly
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter