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Sub-committee Recommends Enhanced Use of GST Data for GDP Estimates

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New Delhi, Feb 24 (IANS) A sub-committee set up by the Ministry of Statistics and Programme Implementation (MoSPI) has recommended enhanced use of GST data in the new series for GDP estimates with 2022-23 as the base year. The report of the sub-committee on the incorporation of new data sources, rates, and ratios, released on Tuesday, forms part of the process launched by MoSPI to revise the base year of the National Accounts to FY 2022–23.The new series (Base: 2022–23) is scheduled to be re…