Question : Expert Panel for Calculation of SubNational Accounts

(a) whether the Government has constituted a Committee for sub-national accounts to upgrade the norms for computation of economic data at States and district level in the backdrop of plans to revise the base year for National Accounts or Gross Domestic Production (GDP) calculation and if so, the details and the composition thereof;

(b) whether the said Committee will review concepts, definitions, classifications, data conventions, data sources and data requirements for preparation of State Domestic Product (SDP) and District Domestic Product (DDP) and to lay down revised guidelines and if so, the details thereof; and

(c) whether the Government is considering to revise the base year for the computation of national income to 2017-18 from the current 2011-12 to capture better the economic realities in fast changing world and if so, the details thereof?

MINISTER OF STATE IN THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS (SHRI VIJAY GOEL)

(a) & (b): Yes, Madam. The Government has notified the constitution of a Committee for Sub-National Accounts on 27th June, 2018 to suggest, inter alia, measures for improving State Domestic Product and District Domestic Product. A copy of the Notification on the composition and terms of reference of the Committee is given at the Annexure.

(c): Yes, Madam. Base revisions are carried out as per international best practices to take into account structural changes in the economy. As a part of the base revision exercise, methodological improvements and new data sources are considered as per relevant international standards.


********