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Sectoral shares in Indian GDP: How to regard it?

Author

Listed:
  • Datta, Madhusudan
  • Neogi, Chiranjib
  • Sinha, Abhrajit

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.

Suggested Citation

  • Datta, Madhusudan & Neogi, Chiranjib & Sinha, Abhrajit, 2015. "Sectoral shares in Indian GDP: How to regard it?," Structural Change and Economic Dynamics, Elsevier, vol. 35(C), pages 1-11.
    • Handle: RePEc:eee:streco:v:35:y:2015:i:c:p:1-11
    DOI: 10.1016/j.strueco.2015.08.001
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    References listed on IDEAS

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    Cited by:

    1. Datta, Madhusudan, 2019. "Manufacturing sector in the Indian economy: Output-value added symbiosis," Journal of Asian Economics, Elsevier, vol. 63(C), pages 75-87.
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    3. Datta, Madhusudan, 2019. "Technological progress and sectoral shares in GDP: An analysis with reference to the Indian economy," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 260-269.

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    More about this item

    Keywords

    Accounting framework; Sectoral composition; factor cost; Constant-price estimates; Outlier;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General

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