ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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UNSNA1993 and Indian National Income Accounting Procedures-Some Emerging Issues

Accounting Procedures Some Emerging Issues Arun Ghosh The new UN System of National Accounts 1993 (UNSNA), finalised after several years of deliberation and discussion and now published jointly by five international organisations, is predicated to a particular system; it needs to be looked at carefully by each country and suitably modified in the light of its own institutional framework of economic activity. It is to be hoped (a) that the UNSNA will provoke a debate among experts in this country on some aspects of the definition of 'income' and the 'production boundary' and (b) that the Indian national accounting system will not be changed in undue haste to fall in line with the changes suggested in the UNSNA without regard to the institutional framework of production activity in the country.

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