<p> The statistics ministry is set to change the base year of national accounts to 2017-18 from 2011-12 after completion of the household consumer expenditure survey and labour force data by the end of 2018.<br /><br />“My ministry has planned to revise the base year of National Accounts Statistics to 2017-18. The preparatory work for this huge exercise has been started,” said Statistics Minister D V Sadananda Gowda while addressing a press conference on the government’s performance in last three years.<br /><br />Elaborating on this, Chief Statistician T C A Anant said, “Once the results of employment survey and household consumer expenditure survey come out then base year can be changed. Those are critical inputs into the base revision”.<br /><br />Aimed at getting accounting data from service establishments on the lines of that provided by the manufacturing sector, for the first time the Centre has started a survey on the services sector. <br /><br />“The service sector survey is being carried out to validate the use of establishments as a basis for conducting regular survey on services. It will examine the availability of accounts which are used in the services survey,” Gowda said.<br /><br /> The survey would examine whether services establishments are able to provide same kind of accounting data which manufacturing establishments provide. </p>
<p> The statistics ministry is set to change the base year of national accounts to 2017-18 from 2011-12 after completion of the household consumer expenditure survey and labour force data by the end of 2018.<br /><br />“My ministry has planned to revise the base year of National Accounts Statistics to 2017-18. The preparatory work for this huge exercise has been started,” said Statistics Minister D V Sadananda Gowda while addressing a press conference on the government’s performance in last three years.<br /><br />Elaborating on this, Chief Statistician T C A Anant said, “Once the results of employment survey and household consumer expenditure survey come out then base year can be changed. Those are critical inputs into the base revision”.<br /><br />Aimed at getting accounting data from service establishments on the lines of that provided by the manufacturing sector, for the first time the Centre has started a survey on the services sector. <br /><br />“The service sector survey is being carried out to validate the use of establishments as a basis for conducting regular survey on services. It will examine the availability of accounts which are used in the services survey,” Gowda said.<br /><br /> The survey would examine whether services establishments are able to provide same kind of accounting data which manufacturing establishments provide. </p>