ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Revision of National Accounts Statistics

The Central Statistical Organisation's revision of the National Accounts Statistics series, by shifting the base year from 1993-94 to 1999-2000 is a welcome step. What is missing in this so-called comprehensive revision is any reference to the serious decline in the quality and reliability of the statistics that form the building blocks for the NAS, as revealed by the National Statistical Commission. There have been attempts though to improve the existing database sources and all changes, except for two, namely, the introduction of a new category of "valuables" in the estimation of gross capital formation and the alignment of industry-wise estimate of GCF with estimation by asset or institution, are to be welcomed.

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