India’s New Series of National Accounts Statistics and Take-Aways from the Debate

In January 2015, the Central Statistics Office (CSO) introduced the new series of India’s national accounts statistics with the base year 2011-12 in place of the previous one with the base year 2004-05. Apart from the revision of base year to a more recent year, the new series was marked by more radical changes compared to earlier base year changes, involving the use of new and expanded data sets and significant methodological revisions.