National Accounts Division, CSO, Ministry of Statistics and Programme Implementation, New Delhi, India
*Corresponding author email id: nad3.cso@gmail.com
JEL Classification Code: E01
The Central Statistics Office releases gross value added (GVA) and other macroeconomic aggregates for various sectors at national and regional levels. The estimates pertain to financial year. It has been observed that due to data constraints and non-availability, the estimation of crops sector GVA, which contributes about 12% towards gross domestic product during 2011–2012, is estimated on agriculture year (July to June) basis without any adjustments. The performance of agriculture production impacts performance of manufacturing and trade sectors. Further, it has linkages with estimates of private final consumption expenditure as well as capital formation. In this paper, an attempt has been made to compile GVA of crop sector on financial year basis so that of all the sectors of the economy has a common estimation production period that is financial year, which is in line with system of national accounts.
Gross value added, Agriculture year, Private final consumption expenditure, Capital formation, Financial year, System of national accounts
