Central Statistical Organization (CSO) prepares the National Accounts Statistics at both current prices and constant prices: The National Accounts Statistics are divided among:
Part I: “Macro-Economic Aggregates”: This part consists of macro-economic aggregates and their relationship growth rate, implicit price and quantity deflectors. It also summarize accounts of the nation covering all principal transactions of the economy.
Part II: “Domestic product”: This part includes statements on gross and net domestic product by kind of activity like fishery, forestry etc. and also provide their percentage distribution.
Part III: Consumption, saving, capital formation and capital stock: This part represents the estimates of private final consumption expenditure (PFCE), domestic saving, capital formation and capital stock. The estimates of saving are presented on the basis of type of institution whereas estimates of gross and net capital formation are presented on the basis of type of assets, institutions and industry of use.
Part IV: “Public sector transactions”: A transactions undertaken by public sector (value added, consumption, saving, capital formation) are included in this part. It also represents the economic accounts department wise separately.
Part V: “Disaggregated statements”: It includes disaggregated tables which represents the details of gross value of output, input and value added for different sectors. It also contains capital formation by type of assets and institutions and external transaction accounts, factor incomes and property incomes earned by organized and unorganized sectors.
A note is also provided at the end of this publication referred as Notes on methodology. It informs about the change in methodology of estimates, new sources used etc.
SOLVED RELATED QUESTIONS
State till now, how many time base years for the estimates of national income have been revised.
The first official estimates according to the guidelines of the committee were published by CSO with base year 1948-49 in year 1956 in Estimates of Na...See moreAnswered
Write a note on Evolution of national income accounting in India.
Evolution of National income accounting in India: Pre-Independence Period: In India, first national income estimate was given by Dada...See moreAnswered
Characterize composition of National capital.
Composition of National Capital: According to SNA (1993) the following are the constituents of the national capital:...See moreAnswered
Explain the uses of National capital estimates.
It can be used for: To study the composition of economic resources of country: The data on resources an...See moreAnswered
What do you mean by other sectoral disposable income aggregates?
Other Sectoral Disposable Income aggregates CSO does not publish sectoral distribution of disposable income aggregates. But we c...See moreAnswered
What is national disposable income?
NATIONAL DISPOSABLE INCOME: NDI can be viewed from two angles: Sources angle and Uses angle. See moreAnswered
Meaning of transfer according to system of national accounts.
Meaning of a Transfer: In word of System of National Accounts (by U.N), a transfer is a transaction in which one institutional unit p...See moreAnswered
What is national income? What are the expenditure methods for measurement of national income?
National Income: The sum total of COE, rent, interest and profits or Coe and operating surplus paid out by resident production uni...See moreAnswered
What are the different methods for calculating national income?
The different methods for calculating of national income: It has two variants: income disposal and product disp...See moreAnswered
What is national income at constant prices? What is intermediate consumption?
National Income at Constant Prices : When goods and services produced in an accounting year are valued at the base year prices, it is...See moreAnswered