The government has set up a 13-member committee to upgrade the norms for computation of economic data at state and district level in the backdrop of plans 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 with an aim to capture changes in the economy.
As per the terms of reference, it will also “suggest state level annual/benchmark surveys keeping in view the needs of the System of National Accounts especially in view of the next base year revision.”