1.System of National Accounts 2025 (National Accounts)

What & Where
Global framework: System of National Accounts 2025, adopted by UN Statistical Commission to overhaul economic measurement.
Scope: Adds sustainability, inequality and unpaid household work to GDP-centric accounts, replacing SNA 2008.
Coverage: Applies worldwide; India aligning via EnviStats, Time-Use and labour-household surveys.
Quick Facts for MCQs
Environmental Impact
- Natural capital: Minerals, coal, oil, gas depletion deducted from value added calculations.
- Renewables: Solar, wind, hydro capitalised as wealth, boosting clean-energy balance sheets.
- Sustainability: Green accounts justify channeling royalties into future-generation or climate funds.
Social Concerns
- Inequality: Distributional accounts identify beneficiaries of growth, enabling sharper welfare targeting.
- Gender equity: Time-Use Surveys monetise women’s unpaid care work for inclusion in GDP extensions.
- Fairness metric: Growth now linked with household consumption and savings disparities.
Implementation Challenges
- Data integration: PLFS, NSS, AIDIS microdata must be coherently merged with national aggregates.
- Capacity gap: Centre-state statistical units require training, software and manpower for new modules.
- Political economy: Resource-rich states may resist GSDP drop from depletion cost booking.
Key Data Points
| Feature | Data-Point |
|---|---|
| Adopting body | UN Statistical Commission |
| Replaces | SNA 2008 |
| Framework year | 2025 |
| Natural capital treatment | Resource depletion booked as production cost |
| Renewable energy status | Solar, wind, hydro recorded as assets |
| Distributional detail | Income, wealth, consumption by household groups |
| Unpaid work coverage | Household & care labour included in extended accounts |
| India EnviStats start | 2018 |
Related UPSC Prelims PYQs
Which one of the following is a measure of sustainable income level that can be secured without decreasing the stock of natural assets?
हाल के वर्षों में, निम्नलिखित में से कौन-सा, भारतीय अर्थव्यवस्था में, अवरोही क्रम में, माँग का स्रोत रहा है?





