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Sapre, Amey
- Some Unsettled Questions about Indian Manufacturing GDP Estimation
Abstract Views :177 |
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Authors
Amey Sapre
1,
Pramod Sinha
2
Affiliations
1 Indian Institute of Technology, Kanpur, IN
2 National Institute of Public Finance and Policy, New Delhi, IN
1 Indian Institute of Technology, Kanpur, IN
2 National Institute of Public Finance and Policy, New Delhi, IN
Source
Journal of Indian School of Political Economy, Vol 29, No 1-2 (2017), Pagination: 145-152Abstract
We discuss some unsettled questions about the GDP estimation process in the manufacturing sector. We further the debate on the use of Paid-Up Capital based blow up method of GVA and highlight the problem of possible overestimation. Based on previous evidence, we also highlight problems with measures of output and cost and identification of manufacturing firms for purposes of GVA estimation. We argue that the recourse lies in finding an alternative to the Paid-Up Capital blow up factor and that identification of firms remains a crucial problem to solve.Keywords
National Accounts, GDP, Manufacturing, Value Addition, India.
References
- CSO, 2015a; "No room for doubts on new GDP numbers", EconomicandPolitical Weekly, Vol. L, No. 16,April 18th.
- CSO, 2015b; Final Report of the Sub-Committee on Private Corporate Sector including PPPs, National Accounts Division, Ministry of Statistics and Programme Implementation, Government of India, New Delhi
- Manna, G.C., 2017; "An investigation into some contentious issues of GDP estimation", Journal of Indian School of Political Economy, Forthcoming.
- Nagaraj, R., 2015a; "Seeds of doubt on new GDP numbers Private corporate sector overestimated?", Economic and Political Weekly, Vol. L, No. 13, March 28th.
- Nagaraj, R., 2015b; "Seeds of doubt remain:Areply to CSO’s rejoinder", Economic and Political Weekly, Vol. L, No. 18, May 8th.
- Shetty, S.L. and Dennis Rajakumar, 2017; "New National Accounts series: Areview and highlights of critical issues for debate", Journal of Indian School of Political Economy, Forthcoming
- Sapre, Amey and Pramod Sinha, 2016; "Some areas of concern about Indian manufacturing sector GDP estimation", National Institute of Public Finance and Policy (NIPFP) Working Paper, No. 172/2016.
- Private Final Consumption Expenditure of Households in India:Estimates, Issues and Challenges
Abstract Views :208 |
PDF Views:0
Authors
Amey Sapre
1,
Pramod Sinha
1
Affiliations
1 NIPFP, New Delhi, IN
1 NIPFP, New Delhi, IN
Source
Journal of Indian School of Political Economy, Vol 30, No 3-4 (2018), Pagination: 615-646Abstract
We estimate Private Final Consumption Expenditure (PFCE) of households in India using survey data from CMIE Consumer Pyramids (CP). The analysis is aimed at gaining comparability with existing sources of household expenditures and understanding the component of PFCE at the state level. Findings show that estimates from the CP data corroborate to the state wise distribution of food and Non-food expenditures as shown by the NSS Consumption Expenditure survey. The notable difference are in some of the Non-food categories, where the CP data for 2016-17 shows a much lower percentage for appliances, rent and health as compared to the NSS estimates. At the aggregate, the share of rural regions is much higher than of urban regions, with four major states (Bihar, Maharashtra, Uttar Pradesh and West Bengal) accounting for over 42% of PFCE from rural regions, and seven states (Gujarat, Karnataka, Kerala, Maharashtra, Tamil Nadu, Uttar Pradesh and West Bengal) accounting for over65% of PFCE from urban regions.We argue that the allocation method that uses the NSS item wise expenditure shares rests on strong assumptions and may lead to discrepancies in state level PFCE. Given data challenges from the expenditure side of GDP and limitations of household surveys, most of these aggregates are inadequate for drawing any conclusive inferences about PFCE and its composition.Keywords
Consumption Expenditure, National Accounts Statistics, GDP, GSDP, India.References
- CSO, 2015; Report of the Adhikari Committee on Private FinalConsumption Expenditure, Central Statistics Office, Ministry of Statistics and Programme Implementation, Government of India.
- NSS FOD, 2015; Field experiences of 68th round of NSS. FOD Divisional Paper, National Seminar on Results of NSSO Surveys, National Sample Survey Office, Ministry of Statistics and Programme Implementation, Government of India, (July).
- Joice, John, 2007; A comparative study on private consumption expenditure estimates in India, Reserve Bank of India Occasional Papers, Vol. 28, No. 1, Summer.
- Kar, Aloke, T. Baskaran and Ajay K. Gupta A proposed method of compiling private final consumption expenditure at state level.
- Kulshrestha, A.C. and Aloke Kar, 2005; Consumer expenditure from national accounts and national sample survey, in A. Deaton and V. Kozel (Eds) The Great Indian Poverty Debate, Princeton University Press, Princeton, NJ.
- Minhas, B.S, L.R. Jain, S.M. Kansal, and M.R. Saluja, 1987; On the choice of appropriate consumer price indices and data sets for estimating the incidence of poverty in India, The Indian Economic Review, Vol. 22, No. 1.
- Mukherjee, M. and G.S. Chatterjee, 2005; On the validity of NSS estimates of consumption expenditure, in A. Deaton and V. Kozel (Eds) The Great Indian Poverty Debate, Princeton University Press, Princeton, NJ
- NSS Expert Group, 2003; Suitability of different reference periods for measuring household consumption: Results of a pilot survey, Economic and Political Weekly, Vol. 38, Issue No. 04/25(January).
- Pathak, K.N. and J.S. Tomar, 2015; Respondent, a key factor in national-level surveys: An analysis. Economic and Political Weekly, Vol. 50, No. 40(October).
- Rajeswari, T. and Reena Singh, 2017; Estimation of state level private final consumption expenditure, The Journal of Income and Wealth, Vol. 39, No. 2, July-December.