National Accounts Division CSO, New Delhi, India
*Corresponding author email id: sghosh.dustats@gmail.com
1Views expressed in the paper are of the authors and may not represent those of CSO
Central Statistics Office has been traditionally using Wholesale Price Index to deflate the current prices estimate to arrive at constant prices estimates for the manufacturing sector in the National Accounts. This method assumes that the input and the output prices increases/decreases at the same rate. There has been a lot of criticism over the use of this method of single deflation. Alternative approaches to compute the gross value added for the manufacturing sector at constant price using double deflation and single deflation using the Supply Use Tables and volume extrapolation method has been attempted in this paper
Single deflation, Double deflation, Volume extrapolation, Real growth, Supply use tables, Wholesale price index, Consumer price index
