(The Gist of PIB) Clarification regarding the Statistical reforms and the existing GDP series [JUNE-2019]

Clarification regarding the Statistical reforms and the existing GDP series

(d) The Ministry of Statistics and Programme Implementation (MoSPI) said that it proposes to set up a ‘National Data Warehouse’ on Official Statistics.

(d) The National Data Warehouse will be setup so as to use big data analytical tools to further improve the quality of macro-economic aggregates.
(d) Efforts are also on to evolve a legislative framework under which the National Statistical Commission (NSC) may function with independence.
(d) The recent step for the merger of CSO and NSSO was aimed at leveraging the strengths of the two organisations so that it can meet the increasing demands.
(d) To ensure the credibility of data, the Government of India adopted the United Nations Fundamental Principles of Official Statistics (FPOS) in May, 2016.

(d) In 2018, the Cabinet had approved the conduct of following new surveys.
(d) Annual Survey of Services Sector (for a more elaborate coverage of the services sector),
(d) Annual Survey of Unincorporated Enterprises (to get a better understanding of these enterprises, primarily in the informal sector).
(d) Time Use Survey (for assessing the time disposition of household members) and
(d) Economic Census of all establishments.