Release of Report of the ‘Sub-Committee on Methodological Improvements' in 2022-23 series of National Accounts

• A report of one of the five Sub-Committees set up under the Advisory Committee on National Accounts Statistics (ACNAS) to guide MoSPI's revision of the base year of National Accounts to FY 2022-23 (from 2011-12).
• Focus area: methodological changes in compilation of GDP, GVA and related aggregates, including treatment of multi-activity enterprises and use of new datasets.
• UPSC relevance: links GS-III (Economy — national income, statistics) with governance reforms in India's statistical system.