New Delhi, Aug. 27 -- The United Nations Statistical Commission adopted the System of National Accounts 2025 (SNA 2025) earlier this year. The changes incorporated reflected much of the discussions around GDP and National Accounts since 2008, starting with the Stiglitz-Sen-Fitoussi Commission in 2008.

These changes are more than a tweak to the statistical framework. They signal an acknowledgment of the importance of debates around inequality and the environment. For decades, GDP has been the lodestar of economic progress. But GDP tells us little about what is happening to our natural wealth or how that income is distributed among households. The 2025 revision makes both these blind spots harder to ignore.

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