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In India’s national accounts series with base year 2022–23, for which industry does MoSPI use a commodity-flow approach to estimate the total availability of material inputs?

Question and options

In India’s national accounts series with base year 2022–23, for which industry does MoSPI use a commodity-flow approach to estimate the total availability of material inputs?

  1. Agriculture

  2. Mining

  3. Transportation

  4. Construction

Answer and explanation

Correct answer: D - Construction

For the 2022–23 series, the output of construction is estimated by a commodity-flow approach: the total availability of material inputs for construction is taken as domestic production adjusted for inter-industry use, plus product taxes less net exports, plus trade and transport margins. The household sector’s share is then found as a residual after deducting the inputs used by the organised sector (general government, departmental and non-departmental enterprises and private corporations). This treatment is described for construction, not for agriculture, mining or transportation.

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