Current Affairs - Economy - Discussion

The National Statistics Office (NSO) revised the annual release schedule for the Provisional Estimates of Annual GDP and Fourth Quarter GDP to June 7 each year. Earlier, the data was released on the last working day of May. The revision was made after consultations with the Advisory Committee on National Accounts Statistics (ACNAS). The new schedule allows the inclusion of important corporate financial data and finalised Central Government account figures such as taxes, subsidies, and capital expenditure. The NSO, functioning under the Ministry of Statistics & Programme Implementation, is responsible for compiling national accounts and major macroeconomic indicators in India.