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?
Agriculture
Mining
Transportation
Construction
Answer and explanation
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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