NATIONAL ACCOUNTS STATISTICS-INDIA CENTRAL STATISTICAL ORGANISATION Ministry of Statistics & Programme Implementation

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

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

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

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OF DISAGGREGATION PRODUCTION Published - About 160 activities Compiled - about 300 activities INCOME Published and unpublished – 19 major activities EXPENDITURE PFCE Compiled for 200 items Published – 45 items GFCE Compiled 50 purposes Published 17 purposes GFCF Published – 2 items; and by 19 economic activities Compiled – 6 items IMPORTS AND EXPORTS Published – only imports and exports Unpublished – as per HS classification and invisibles

CLASSIFICATIONS USED ISIC REV 3.0 HS COFOG COICOP

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

TYPES OF ACCOUNTS IO tables every 5 years Quarterly national accounts Annual national accounts

STATUS OF COMPLIANCE WITH 1993 SNA Releases 1993 SNA compliant tables Fixed base year – revised every 5 years

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

PROBLEMS ENCOUNTERED IN MEETING 1993 SNA Lack of source data Personnel Training Internal demand

FUTURE DIRECTION SUPPLY-USE TABLES BY JANUARY, 2010 CHAIN-BASE BY JANUARY, 2012 SNA 2008

THANKS