This book studies pitfalls in value added accounting of sectoral growth in real terms in the context of liberalisation of the Indian economy. Growth of sectoral gross value added can systematically deviate from that of final expenditure (and gross output), even maintaining the broad national accounting identity between the aggregates. For an investigation along these lines, input-output transactions tables provide invaluable information. The book discusses at length tricky questions of data handling and issues in interpretation of data. As the growth rate of the economy accelerated, economists observed that growth of value added came mostly from the service sector. Can the service sector maintain the momentum if manufacturing fails to get charged up in spite of all reforms aimed at this objective? The book studies this question in depth and addresses an audience interested in studying the Indian economy.

Studies pitfalls in value added accounting of sectoral growth in real terms in the context of liberalisation of the Indian economy.

About the Author
Madhusudan Datta is Professor of Economics at Kalyani University, India, and teaches macroeconomics and mathematics-for-economists at the undergraduate and postgraduate levels. He has been ICSSR Senior Research Fellow and works on structural change, productivity studies, national accounts, economics of the tertiary sector, and measurement issues.


Book Information
ISBN 9781108496377
Author Madhusudan Datta
Format Hardback
Page Count 190
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 380g
Dimensions(mm) 235mm * 157mm * 17mm