The Union Government has constituted 13-member Committee for Sub-National Accounts to upgrade the norms for computation of economic data at states and districts level in backdrop of plans to revise the base year for National Accounts or Gross Domestic Production (GDP) calculation.

• It will be headed by Ravindra H Dholakia, a retired professor of IIM Ahmedabad.
• The idea is to capture the structural changes in the economy and make the calculation of gross domestic product (GDP) more precise.
• A wider direct and indirect tax base on account of measures to curb black money and reforms like goods and services tax (GST) is expected to improve the assessment of the extent of economic activity at state and lower levels.

Tax base and payrolls are usually taken as indicators of the formal nature of an economy. The panel has been asked to review data sources and data requirements for preparation of state domestic product (SDP) and district domestic product (DDP) as well as to suggest state-level surveys in view of the next base year revision of national accounts.