Assessing the effectiveness of base year revisions in state income accounting: A case study of Haryana

Abstract

This study investigates the efficacy and implications of the 2011-12 base year revision in Haryana's state income accounting, with a focus on methodological alignment, structural reflection, and data responsiveness. The base year revision, implemented by the Department of Economic and Statistical Affairs, Haryana, in conformity with SNA 2008 standards, introduced sweeping changes-such as the integration of MCA21 corporate datasets, improved treatment of quasi-corporations, and sectoral disaggregation of GSVA-to reflect real economic dynamics. Using a mixed-methods approach that combines quantitative trend analysis of GSDP, sectoral GSVA, and per capita income from 2011-12 to 2023-24 with qualitative assessment of classification reforms.