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

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National Accounts

Feasibility of Macro–Micro Linkage

The next revision in the System of National Accounts envisages several changes in the framework of accounts. It will be useful to generate some important distributions from the household sample surveys without linking the two data sets. This is illustrated with results from the All India Debt and Investment Survey.

This is a revised version of a paper presented at the 41st annual conference of the Indian Association for Research in National Income and Wealth in March 2023.


During the last decade, there have been in-depth discussions in the international fora on the revision of the System of National Accounts (SNA), 2008, which was the fourth in the series since its inception. The joint conference of the International Association for Research on Income and Wealth (IARIW) and the Organisation for Economic Co-operation and Development (OECD) held in 2015 on the Future of National Accounts under the caption “Whither the SNA,” was the major initiative in this direction, in which several interesting papers were presented on various issues to be considered for revision.1 The contents of these papers were reviewed by Van de Ven et al (2017).2 These were subsequently followed up by special seminars organised by IARIW.

More importantly, at the institutional levels, several advisory expert groups were set up under the aegis of the Inter Secretariat Working Group on National Accounts (ISWGNA) for various topics and documents prepared for discussion, with experts from the United Nations (UN), International Monetary Fund (IMF), World Bank, OECD, EUROSTAT, and other experts from various countries.

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Updated On : 13th Feb, 2024
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