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International Workshop on Green National Accounting for India Concluded in New Delhi

Apr 7, 2013 14:26 IST

A 2 day International Workshop on Green National Accounting for India Concluded in New Delhi on 6 April 2013. During their deliberations, the experts and academicians discussed different aspects of the subject in the context of a report prepared and submitted by an expert group. The Government of India, in recognition of the emerging need, had set up an expert group under Ministry of Statistics and Programme Implementation (MOSPI) in August 2011, Chaired by Partha Das Gupta with the mandate of developing a frame-work for green national accounts, identification of data gaps and preparation of a road map to implement the frame-work. The Group held in depth deliberations on the mandate over the past one and half years, and has submitted the Report. The Prime Minister Dr Man Mohan Singh released the report in the inaugural session of the workshop here on 5April 2013.

The National accounts reflect the state of an economy and form the raw material for both performance assessment and policy formulation. Although National accounts are meant to contain the kind of information that are essential for evaluation of economic performance, the System of National Accounts (SNA) currently in use throughout the world suffers from extreme narrowness in the sense that vast quantities of information relevant for economic evaluation do not appear in them. Some don’t because the appropriate data are hard, even impossible to collect, but others don’t because until recently the theory and practice of economic evaluation didn’t ask for them. The demand for green national accounts has arisen because of a growing recognition that contemporary national accounts are an unsatisfactory basis for economic evaluation.

The report GREEN NATIONAL ACCOUNTS IN INDIA –A FRAMEWORK consists of six chapters and dives extensively into the conceptual foundations of economic evaluation providing an outline of what would ideally be needed for a comprehensive set of national accounts. The Report deals extensively with not only the conceptual building up of the system of Green National Accounts , but also deals with the implement ability aspects based on the conceptual framework of Green Accounting Framework using the existing data sets and studies to discuss the framework methodology, valuation techniques, and feasibility of compilation of various sectoral accounting tables.

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Read more Current Affairs on: National Accounting for India , New Delhi , Workshop

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