Government To Revise GDP Base Year To 2017-18

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The Statistics Ministry is also preparing to revise the base year of national accounts from 2011-12 to 2017-18, given the completion of the household consumer expenditure survey and the labour force survey at the end of 2018.

"The employment survey will give quarterly data of the job sector in the urban areas and annual data from rural areas", Union Minister for Statistics and Programme Implementation D.V. Sadananda Gowda told reporters at the briefing. "We have tried this for the first time in India and it would supply data not only about the formal sector, but also about the informal sector".

"The data will be collected from large and small enterprises and so we will be able to measure informal sector activity as well". Data for labour force survey will be directly entered by field workers through special software developed in collaboration with World Bank. This would generate more accurate and timely information, Mr Gowda said. "It will examine the availability of accounts which are used in the services survey", Chief Statistician T.C.A. Anant told reporters here while briefing on the three-year achievements of the government.

"The base year can be changed once the results of the employment survey and household consumer expenditure survey come out", Mr Anant said. "Those are critical inputs into the base revision".

A factsheet on the Indian economy is also in the pipeline to facilitate decision-making at the senior level of the government.

"The service sector survey is being carried out to validate the use of establishments as a basis for conducting regular survey on services".