STATE
INCOME WING
The State Domestic Product (SDP) represent the value of goods
and services produce within the geographical boundaries of the
state in a particular year is one of the most important economic
indicators to measure the economic growth of the state. The Per
Capita Income (PCI) measures the standard of living of the
people.
The
Directorate of Economics and Statistics prepares the estimates
of Gross/Net State Domestic Product and Per Capita Income at
current and constant prices any years as per guidelines of
Central Statistical Commission (CSO) covering all sectors of the
economy. Besides estimates of current year, previous year
estimates are also revised on the basis of latest availability
of data.
The estimate of Gross / Net
State Domestic Product are finalized after joint discussion with
the National Accounts Division of Central Statistical
Organisation (CSO), Ministry of Statistics and Programme
Implementation, Government of India.
METHODOLOGY
Directorate of Economics and
Statistics, Mizoram has been estimating State Income of Mizoram
as per guidelines of Central Statistical Organisation (CSO). The
estimates of SDP are prepared in terms of net value added (NVA).
To ensure comparability with the national estimates as well as
with other States methodology and source materials used by CSO
is adopted also, to the extent possible, the results of studies
and surveys which are part of national scheme for the purpose of
deriving the estimates for benchmark years, conducted by the
National Sample Survey Organisation (NSSO) is utilized.
To begin with, estimates of
Gross Value Added (GVA) are prepared at industry level. These
industries are divided into three major sector viz. Primary
Sector, Secondary Sector and Tertiary Sector. Again each of
these sectors are divided into 13 (thirteen) sub-sectors.
From
the estimates of gross value added (GVA) prepared at industry
level, the consumption of fixed capital is deducted to arrive at
the estimates of net value added (NVA) at the industry level.
The Gross / Net Value Added for four supra-regional sectors viz.
Railways, Communications, Banking & Insurance and Public
Administration covering multi-unit establishments whose
operations extend over a number of States, the annual estimates
at State level are prepared by CSO and furnished to the State
both at current and constant price.
NEW SERIES / BASE YEAR
With the gradual improvement in the
availability of basic data over the years, a comprehensive
review of methodology for national accounts statistics has
constantly been undertaken with a view to updating the databse
and shifting the base year to more recent year. In line with
this practice, the CSO introduced the New Series of National
Accounts Statistics with 1999-2000 as the base year, on 31st
January 2006 also referred as new series.
Choice of
1999-2000 as the Base Year
In the past, National Accounts
Statistics have mostly been revised decennially changing the
base to a year synchronizing with the year of decennial
Population Census. It has primarily because in the base year
estimates, the information on work force has played an important
role and workforce estimates were obtained from the population
census conducted decennially in the year ending with 1(one).
However, it was observed that the data on worker participation
rate (WPR) captured by the National Sample Survey Organisation (NSSO)
was better than the one estimated by the Population Census.
Accordingly, the CSO used the workforce estimates based on
National Sample Survey (NSS) workforce participation rates from
the NSS 1993-94 (50th Round) survey results and
revised the base year of national accounts to 1993-94.
In continuation of this
practice, the new series of national accounts released on 31st
January 2006 adopted 1999-2000 as the base year, as it has used
the data on WPR from the NSS 55th round survey result
conducted in 1999-2000.
SDP of MIZORAM (New Series)
The estimated Gross and Net
Domestic Product (GSDP & NSDP) of Mizoram base on new series
with base year 1999-2000 both at current and constant price are
as follows :
GROSS & NET DOMESTIC PRODUCT AT FACTOR COST BY INDUSTRY OF
ORIGIN AT CURRENT PRICES
GROSS
& NET DOMESTIC PRODUCT AT FACTOR COST BY INDUSTRY OF ORIGIN AT
CONSTANT PRICES
|
