Stories
Rooftop Solar Now Boosts India's GDP Under New National Accounts Series
- •Electricity generated by household rooftop solar panels is now included in India's GDP under the new national accounts series with 2022-23 as the base year.
- •This 'own-account electricity generation' is part of household-sector gross value added (GVA) for the electricity sector.
- •The government will use the Household Consumption Expenditure Survey and growth in installed capacity from schemes like PM Surya Ghar to estimate this contribution.
- •The new series also expands coverage for biogas plants, including those from the Ministry of Rural Development and the Department of Drinking Water and Sanitation.
- •The product map has grown from 140 products across 66 industries to 155 products and 67 industries, with new additions like specific agricultural products and 'other utility services'.
Key Questions Answered
Under India's new national accounts series with 2022-23 as the base year, electricity generated by households for their own consumption through rooftop solar panels is included in household-sector gross value added (GVA) for the electricity sector for the first time.
For initial rooftop electricity estimates, the government uses the Household Consumption Expenditure Survey. For subsequent years, estimates are calculated using growth in installed capacity under household-oriented renewable energy schemes like PM Surya Ghar and Off-grid Solar/KUSUM.
The new series expands the framework from 140 products across 66 industries to 155 products and 67 industries. It adds separately identified items such as cabbage, cauliflower, citrus, grapefruit, mutton, beef, prawns, and grain-mill products, alongside adding 'other utility services' as an industry.
