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  3. Govt to prepare roadmap to capture inter-state trade data

Govt to prepare roadmap to capture inter-state trade data

13 Mar 2013 Evaluate

To capture inter-state trade data, considered as essential for the proposed Goods and Service Tax (GST) regime, the government is ready with a roadmap and will soon submit a report on creating such an interstate database to the Fourteenth Finance Commission. The tracking of trade flows between states, which has never been attempted before in the country, could improve the credibility of state-level GDP numbers and help in better planning for infrastructure projects on the basis of goods movement trends.

At present, states’ GDP at market prices figure do not contain proper inter-state trade data, which often renders to ineffective state-level fiscal policies as they are based on wrong numbers. This move by the government comes on the back of the Thirteenth Finance Commission stressing on the need to compile inter-state trade data, especially in the context of the proposed GST regime which requires such transactions to be 'zero rated.'

For creating an inter-state trade database, the Directorate General of Commercial Intelligence and Statistics (DGCIS), which compiles India's foreign trade data and the Central Statistics Office, have submitted recommendations after conducting a pilot project to track trade flows between four states - Tamil Nadu, Kerala, West Bengal and Sikkim. After which, the commerce ministry is expected to submit a report to the Fourteenth Finance Commission, stating that domestic trade figures of states could be released on an annual basis to start with.

According to DGCIS, data compilation on interstate trade for now is done through railways, river, air and sea. However, statistics of interstate movement of goods by road is not collected by any agency and has never been done before. About 60% of the total freight movement in the country takes place by road and this share is likely to increase as India's road networks are developed further. Thereby, the government has expressed the need for states to common reporting codes for commodities and to share primary trade data with the DGCIS.

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