(a) whether the Government is aware that Gross State Domestic Product (GSDP) has been taken as important economic parameter;
(b) if so, whether the Government is also aware that instead of measuring GSDP on income accrual basis, income originating basis is used;
(c) if so, the reasons therefor;
(d) whether remittances from abroad and outside the State are taken into consideration in measurement of GSDP;
(e) if so, the reasons therefor; and
(f) the other details in this regard?
MINSTER OF STATE IN THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION, PLANNING, SPACE, ATOMIC ENERGY & COMMERCE AND INDUSTRY (SHRI S.B MOOKHERJEE)
(a) and (b) Yes, Sir.
(c) The income originating approach has been adopted
for estimating the GSDP, in accordance with the
recommendations of the Regional Accounts
Committee. This approach is consistent with the
concept of Gross Domestic Product (GDP) of the
economy i.e., measuring the volume in monetary
term of total goods and services produced within
the geographical boundary of the State. Due to
non-availability of data on inter-state flows of
goods and services, compilation of estimates of
GSDP following income accruing concept is not
possible.
(d) No, Sir.
(e) Does not arise.
(f) The estimates of GSDP of a State are prepared for
various economic activities like agriculture,
forestry, fishing, mining, manufacturing,
construction, electricity, trade, transport,
communication, other services, etc, using the data
available at sectoral level and following the
income originating approach. The estimates of
GSDP are compiled by the respective State
Governments.