JEL Classification: E01
At the national level the estimates of total gross/net fixed capital formation are prepared by Commodity Flow Approach by Type of Assets and by Expenditure Approach for the public and private corporate sector. The Commodity Flow Approach adopted at the national level is not viable or feasible for Sikkim or for any other state because of the open boundaries of the state. For the measurement of GFCF for Sikkim or for any other state only the expenditure approach can be adopted. The estimates GFCF can be prepared by type of institution i.e. public sector, private corporate sector and households including the non-profit institutions serving households. For each of the institution the estimates may be prepared for each type of asset by industry of use along the same lines as for estimates of SDP.
