India begins four-year time period as UN Statistical Fee member

The interval of India’s time period corresponds with the time that the 24-member physique will determine on new norms for nationwide accounts, which will even play an essential function in altering India’s GDP calculations. The final revision to nationwide accounts was made in 2008, which kinds the premise of India’s present GDP sequence, with 2012 as a base yr.

The system of nationwide accounts is an internationally agreed customary advice on measures to compile financial exercise.

India’s membership within the statistical physique will possible have a bearing on the willpower of recent techniques of environmental accounts and the willpower of features of well-being and sustainability for economies.

The nation has been attempting to create a daily database of parameters beneath the Sustainable Growth Targets.

Within the 2023 session, the statistical physique organised a high-level discussion board on official statistics to look past measures just like the GDP, which measures financial efficiency and give attention to measures of well-being aligning with SDGs, that are to be met by 2030.The discussion board additionally launched measures just like the multidimensional vulnerability index (MVI) to “assess the vulnerability of small island states in addition to different international locations.”The nodal physique of statistics within the nation, the Ministry of Statistics and Programme Implementation has been attempting to develop a database of high-frequency socio-economic indicators which can’t be compiled utilizing administrative information.

The 79^th spherical of the Nationwide Pattern Survey had a Complete Annual Modular Survey element, together with an in depth questionnaire on Ayurveda, Yoga and naturopathy, Unani, Siddha and Homoeopathy.

ET had earlier reported that the federal government is beginning the 80^th spherical of surveys, which can embody a survey on the influence of digital funds, together with CAMS.

The CAMS captures particulars like individuals proudly owning cellphones, inhabitants with ingesting water providers, households with a pc or web, and entry to monetary establishments.

The ministry additionally goals to finish the family consumption expenditure survey this yr, which shall assist revise the buyer worth index sequence.