Updated By: LatestGKGS Desk
Ravindra Dholakia Committee formed to upgrade norms for computation of economic data
Ravindra Dholakia Committee formed to upgrade norms for computation of economic data- Details, Aim, Role
Union Ministry of Statistics and Programme Implementation (MOSPI) had constituted a 13 member committee to upgrade the norms for computation of economic data at states and districts level in the background of plans to revise the base year for National Accounts or GDP calculation.
The new committee for Sub-National Accounts will be headed by Ravindra H Dholakia, a retired professor of IIM Ahmedabad.
MOSPI has decided to 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.
The 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.
The committee will suggest state-level annual and benchmark surveys keeping in view needs of System of National Accounts especially in view of next base year revision. It will submit its report within one year.
The committee will also analyse & advise measures for improving SDP and DDP in India taking into consideration availability of data and requirements of Centre and States/UTs.
The committee will submit its report within one year and may also submit interim reports, as necessary.
