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

    (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.

List of statistical reforms:

• (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.

Key highlights of the new surveys

• (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.

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Courtesy: PIB