National accounts information system / by Uma Datta Roy Choudhury and Moni Mukherjee c.1

The book covers all the issues connected with Indian national income infor mation which has now grown volumi nous with many illuminating details. What exactly are the concepts used, how are the figures estimated, what story the estimates tell about the performance of the Indian economy, and what uses are made of the estimates in planning and for policy purposes? All these queries are answered here by the authors who are familiar with Indian and international concepts and were, at different times, responsible for the estimation of national income in India and were conected with its policy uses.

The book is divided into two parts: the first is concerned with conceptual issues bridging elementary notions and the latest ideas on national accounting and international comparisons. The second part discusses the recent progress and their accuracy and describes the methods of estimation and the story which these estimates tell, with a wealth of analytical details. Structures and their changes, over time are covered for distribution by industries, states, factor shares and size and by savings, investment and consumption. The roles of labour and capital inputs as explana tions of growth are studied and a short-term forecasting model is presen ted.