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First Revised Estimates of National Income, etc, 2016-17

Jan 31, 2018: The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2016-17 along with Second Revised Estimates for the financial year 2015-16 and Third Revised Estimates for the financial year 2014-15 (with Base Year 2011-12) as per the revision policy. Estimates for the years 2011-12 to 2015-16 released vide press note dated 31st January, 2017 were subsequently revised by incorporating the new series of Index of Industrial Production (IIP) and Wholesale Price Index (WPI) released on 31st May, 2017 and presented in National Accounts Statistics (NAS) 2017.

The First Revised Estimates for the year 2016-17 have been compiled using industry-wise/institution-wise detailed information instead of using the benchmark-indicator method employed at the time of release of Provisional Estimates on 31st May, 2017. The estimates of GDP and other aggregates for the years 2014-15 and 2015-16 have undergone revision due to use of latest available data on agricultural production; industrial production especially those based on the provisional results of Annual Survey of Industries (ASI): 2015-16 and final results of ASI: 2014-15; government expenditure (replacing Revised Estimates with Actuals for the year 2015-16) and also more comprehensive data available from various source agencies and State/UT Directorates of Economics and Statistics.

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