ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Dwindling Saving and Investment

National accounts are an area where official statistics have seen considerable improvement of late. After the 'quick estimates' of national income for 1987-88, the Central Statistical Organisation has now released its regular white paper, National Accounts Statistics, 1980-81 to 1986-87. The white paper contains, among other special features, the long-term series of national accounts estimates from 1970-71 to 1987-88 based on the revised national accounts series. A major departure in the revised series concerns estimation of consumption of fixed capital on the basis of a life-table of assets and of net fixed capital stock using the perpetual inventory method. The methodology adopted for this purpose has been published by the CSO in a separate document, Estimates of Capital Stock of Indian Economy as on March 31, 1981, which facilitates construction of a long capital stock series and working out of capital-output ratios on an average basis instead of only on an incremental basis as hitherto.

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