The Union Government has constituted 13-member Committee for Sub-National Accounts to upgrade the norms for computation of economic data at states and districts level
It has been formed in the backdrop of plans to revise the base year for National Accounts or Gross Domestic Production (GDP) calculation.
It will be headed by Ravindra H Dholakia, a retired professor of IIM Ahmedabad.
CSO had last updated base year for GDP calculation to 2011-12 from January 2015, replacing old series base year of 2004-05.
MOSPI is planning to change base year to 2017-18 for calculation of GDP and Index Industrial Production (IIP) numbers from current 2011-12 with an aim to capture changes in the economy.