Sectoral shares in Indian GDP: How to regard it?

Madhusudan Datta, Chiranjib Neogi and Abhrajit Sinha

Structural Change and Economic Dynamics, 2015, vol. 35, issue C, 1-11

Abstract: Some LDC'S provide their product estimates at producer's or market prices while others give it at factor cost making international comparison tricky. When input–output transactions tables are available and are given at factor cost, as in India, modifications based on such tables can give a rough approximation to market price estimates of sectoral shares. After such adjustments, making India's relative GDP shares comparable with those of other LDC's, and also controlling for China- influence, we have assessed the Indian sectoral structure in the context of the current international experience. We conclude that India's true performance is somewhat overshadowed by two factors—India's estimates for industry and manufacturing sectors showing a negative bias vis-à-vis its neighbors’ and aberrations in Chinese data.

Keywords: Accounting framework; Sectoral composition; factor cost; Constant-price estimates; Outlier (search for similar items in EconPapers)
JEL-codes: C18 O11 O14 O57 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:35:y:2015:i:c:p:1-11

DOI: 10.1016/j.strueco.2015.08.001

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