GDP base year changed to 2017-18 and four new surveys launched

  • The central government has changed the base year to 2017-18 to calculate Gross Domestic Product (GDP), Index of Industrial Production (IIP) and Consumer Price Index (CPI) to accommodate and factor the changes take place in the economic scenario of the country. 
  • The new base year for GDP and IIP will be 2017-18 and for CPI, it will be 2018. 

Other initiatives

  • According to the Union Minister for Statistics and Programme Implementation (MoSPI), the Ministry has launched a Periodic Labour Force Survey (PLFS) in April, 2017 to assess the labour force scenario in the country. 
  • The Ministry has been operating two Schemes, namely, (i) Capacity Development (CD) Scheme and (ii) Members of Parliament Local Area Development (MPLAD) Scheme.
  • -In addition, the Ministry provides Grants-in-Aid to Indian Statistical Institute (ISI), an institute of National importance, for its day to day functioning, infrastructure development and research/academic activities.
  • The National Statistical System Training Academy (NSSTA) has been established as an apex training academy on official statistics to impart training to statistical officers/ staff of Centre & State/UT Governments and other countries, academia and students. 
  • The Ministry is the nodal agency for devising framework for monitoring Sustainable Development Goals (SDGs). 
  • Four New Surveys launched: The Ministry announced to launch four new surveys which are:
    1. Annual Survey of Services,
    2. Survey of Informal Enterprises,
    3. Time Use Survey and
    4. The Economic Census.
  • The Economic Census will also be linked to the GST Network to create a business register of all establishments in the country.

Written by 

Leave a Reply

Your email address will not be published. Required fields are marked *