Data dynamics

The advisory committee has its task cut out

The Union government recently reconstituted the Advisory Committee on National Accounts Statistics to revise the base year for national accounts statistics and incorporate new data sources to enhance statistical accuracy. According to the gazette notification, the committee, chaired by former professor at the Institute of Economic Growth Bishwanath Goldar, has detailed the terms of reference (ToR). These include providing advice on the methodology of national accounts statistics, macro-indicators, and promoting research in this field. This process has been delayed for many years owing to various factors such as poor data quality, demonetisation, the implementation of goods and