Release of Report of the ‘Sub-Committee on Incorporation for New Data Sources, Rates and Ratios’ constituted under aegis of Advisory Committee on National Accounts Statistics (ACNAS) for the Base Year Revision of National Accounts Statistics (Base Year 2022-23)

Release of Report of the ‘Sub-Committee on Incorporation for New Data Sources, Rates and Ratios’ constituted under aegis of Advisory Committee on National Accounts Statistics (ACNAS) for the Base Year Revision of National Accounts Statistics (Base Year 2022-23)

The Ministry of Statistics and Programme Implementation (MoSPI) is in the process of revising the base year of National Accounts to FY 2022–23. In this direction, an Advisory Committee on National Account Statistics (ACNAS) under the chairmanship of Prof. B.N. Goldar was constituted to suggest methodology including new data sources for compilation and presentation of National Accounts Statistics for the new series. The Committee decided the FY 2022-23 as the new base year and constituted five Sub-committees to deliberate in detail on specific subject areas:

2. The new series (Base: 2022–23) is scheduled to be released on 27^th February, 2026. To apprise users about the changes being made in the new series of national accounts, the Ministry is releasing the reports of the Sub-Committees. The Report of the Sub-Committee on Methodological Improvements, was released on 18^th February, 2026 and the Report of the Sub-Committee for Constant Price Estimates was released on 20^th February, 2026. Both these reports are available on the official website of MoSPI (https://www.mospi.gov.in/publications-reports).

3. The Report of Sub-Committee for Incorporation of New Data Sources, Rates and Ratios is being released today. The Sub-Committee was headed by Shri Manish Sinha, CEO, GSTN and has representations from academia & researchers, Central and State Governments, RBI. The report focuses on the review of data sources used in 2011-12 series of National Accounts and new administrative and survey data sources including studies identified for use in the compilation of production-side and expenditure-side aggregates of National Accounts. It encapsulates key issues deliberated during various meetings and the recommendations emerged from the in-depth discussion.

4. The highlights of the report are as follows:

The Report is available on the website of MoSPI (www.mospi.gov.in) under Documents àPublications/Reports.