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Manna, G. C.
- An Investigation into Some Contentious Issues of GDP Estimation
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Authors
Affiliations
1 Central Statistics Office, Government of India, IN
1 Central Statistics Office, Government of India, IN
Source
Journal of Indian School of Political Economy, Vol 29, No 1-2 (2017), Pagination: 49-54Abstract
The new series of national accounts statistics in India, with 2011-12 as the base year, has extensively made use of data as reported in the annual accounts of companies filed with the Ministry of Corporate Affairs under their e-governance initiative. This paper attempts to draw conclusion about the adequacy of coverage of such data and also suggests alternatives to the present approach of use of ‘blowing-up factor’ to scale up the contribution of gross value added of sample companies for estimating total contribution of gross value added by the corporate sector. The paper also makes an assessment of the impact of not using the ‘double deflation’ method on the annual growth rates of gross value added by the manufacturing sector for two years, i.e., 2012-13 and 2013-14. Finally, the relative behaviour of growth rate of total gross value added by ‘quasi-corporate’ units of the Annual Survey of Industries and the household segment of manufacturing sector during the intervening period of 2005-06 and 2010-11 has been studied and the effect of using the former growth rate to move forward the benchmark estimate of gross value added by the household segment of manufacturing sector has been commented upon.- A Study on the Likely Magnitude of Bias in the Estimates of Gross State Domestic Product for the Private Corporate Segment of Manufacturing Sector as per the New Methodology
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Authors
Affiliations
1 National Council of Applied Economic Research, IN
1 National Council of Applied Economic Research, IN
Source
Journal of Indian School of Political Economy, Vol 30, No 3-4 (2018), Pagination: 455-461Abstract
The article highlights the official methodology for deriving state-wise estimates of gross value added for the private corporate segment of manufacturing sector. By utilising data of Annual Survey of Industries 2014-15, the article comments upon the likely magnitude of bias in the state-wise estimates of gross value added so obtained as per the official methodology and suggests some way forward for bringing in improvements in future.References
- Methodology for Compilation of State Estimates of Gross Value Added, Central Statistics Office, Government of India
- Second Advanced Estimates of National Income, 2017-18 released by Central Statistics Office on 28th February, 2018
- National Accounts Statistics 2016, Central Statistics Office
- National Accounts Statistics 2017, Central Statistics Office