Unorganised Sector Output in the New GDP Series
Author : R Nagaraj | 2016
Published By: Economic and Political Weekly
In the new National AccountsStatistics, household (unorganised or informal) sector output for 2011-12 has shrunk by 22% in absolute size, or, by 11 percentage points of GDP, compared to the older series with 2004-05 as the base year. In per capita terms, household sector output as a proportion of GDP in the organised sector has come down from 11% to 7%. A change in the methodology of estimation has been the cause. This article investigates the merits of the new methodology.
URL : http://www.epw.in/journal/2016/14/commentary/unorganised-sector-output-new-gdp-series.html