Do you agree with the view that the present national accounting and analytical framework is the need for change in the approach. Give reasons in support of your argument. (15 Marks)

Mentor’s comment:

  • https://www.thehindu.com/opinion/lead/redesigning-indias-ailing-data-system/article30609571.ece
  • In the intro, briefly describe what is a national accounting system.
  • In the body, describe the current issues facing the national accounting system and the overall analytical framework. Also, briefly describe the impact of these issues on the economy. Describe the ways in which the changes in the accounting system are needed.
  • In conclusion, state the need for robust and reliable data system for the economy and the other sectors.

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