NATIONAL ACCOUNTS
STATISTICS-INDIA
CENTRAL STATISTICAL ORGANISATION
Ministry of Statistics & Programme Implementation
1
SCOPE
• The scope is broadly consistent with
internationally accepted standards, guidelines.
• The production boundary and the asset boundary
of India’s national accounts are close to the 1993
SNA recommendations
• India meets the ISWGNA’s minimum requirement
for implementation of the 1993 SNA
• India meets the ISWGNA’s recommended
compilations, except for annual supply and use
tables
2
COVERAGE
•
•
Transactions coverage:
–
The data cover the entire economy; include all activities within SNA
production boundary.
–
However, production of goods (other than those in the agriculture,
forestry and fishing) within the households for their own final
consumption are not included
Unrecorded activity
–
Not explicitly accounted for
–
However, due to the procedures adopted for exhaustive measurement
(labour input methods, coverage of total area under crops) of GDP,
some of these are implicitly accounted for
–
Smuggling and other explicit illegal activities are not directly covered
in the GDP
3
COMPILATION METHODOLOGY
• PRODUCTION
– Administrative sources
– Area enumeration and crop cutting experiments
– Labour input methods for informal sector
• INCOME
– Annual Accounts and surveys
• EXPENDITURE
– Budget documents for GFCE
– Commodity flow methods for PFCE
– Expenditures on GFCF for institutional sector break-up and
commodity-flow method for overall GFCF
– BoP statistics for exports and imports
4
LEVELS OF DISAGGREGATION
PRODUCTION
–
Published - About 160 activities
–
Compiled - about 300 activities
INCOME
–
Published and unpublished – 19 major activities
EXPENDITURE
–
PFCE
•
Compiled for 200 items
•
Published – 45 items
–
GFCE
•
Compiled 50 purposes
•
Published 17 purposes
–
GFCF
•
Published – 2 items; and by 19 economic activities
•
Compiled – 6 items
–
IMPORTS AND EXPORTS
•
•
Published – only imports and exports
Unpublished – as per HS classification and invisibles
5
CLASSIFICATIONS USED
–
–
–
–
ISIC REV 3.0
HS
COFOG
COICOP
6
TYPES OF APPROACH
– All three approaches
– Production GDP is treated as firmer estimate
– Discrepancy is recorded in the expenditure
GDP
– Income approach and production approach
GDP are same
7
TYPES OF ACCOUNTS
– IO tables every 5 years
– Quarterly national accounts
– Annual national accounts
8
STATUS OF COMPLIANCE WITH
1993 SNA
 Releases 1993 SNA compliant tables
 Fixed base year – revised every 5 years
9
TYPES OF TABLES COMPILED
• for the total economy
– sequence of accounts (current accounts; and of the accumulation accounts
only the capital account and finance account, and the rest of the world
account);
– social accounting matrix, which depicts all accounts in a single matrix;
• for ALL institutional sectors (general government, households
(including NPISHs), financial corporations, non-financial
corporations)
– production and generation of income accounts (of the current accounts);
• for the general government and households (incl. NPISHs) sectors
– sequence of accounts upto finance account;
•
•
•
•
•
GDP at basic prices;
Cross-classification of output and value added by industry;
Cross-classification of value added by industry and institution;
Classification of the functions of the government; and
Classification of individual consumption according to purpose
10
PROBLEMS ENCOUNTERED IN
MEETING 1993 SNA
• Lack of source data
• Personnel
• Training
• Internal demand
11
FUTURE DIRECTION
– SUPPLY-USE TABLES BY JANUARY, 2010
– CHAIN-BASE BY JANUARY, 2012
– SNA 2008
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THANKS
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