India’s New GDP Series-Implication for the Estimation of GSDP at State Level

This paper presents the Comparative growth rates for the year 2012-13 to 2014-15 on old and new base year. The paper finds that changing the base year contributes to the increment in growth rates substantially - to about one percent. This is due to the changes in the prices and deflator in the economy. Besides, the paper also investigates the prevailing data gaps in calculating the growth rate. In view of potential of tourism development in the state the availability of data particularly in this sector remains the major issue and to address this, satellite accounts are proposed.