New Approach in National Accounts Statistics

New Approach in National Accounts Statistics S P Gothoskar This article examines the changes in methodology used in the CSO's New Series of National Accounts Statistics and their implications. An introduction to national income estimates of India since independence is given in Section I Section II recapitulates the revisions made in national income series since 1949-50. Some important features of the 1970 Series are examined in Section III Salient features of the New Series with emphasis on conceptual and methodological changes are given in Section IV The impact of these changes on the Seventh Plan targets are assessed in Section V The concluding section indicates the further work that is needed in compilation of national income accounts.