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- W2271703998 abstract "Capital formation is one of the important indicators for assessing the growth potential of the economy. For policy making at the state level and balanced regional development, estimates of gross capital formation are required. It assesses the investments made in the state in public and private sector. The first attempt to examine the data availability at state level and to suggest compilation of capital formation at state level was made by the Regional Accounts Committee (RAC), set up in May 1972 under the chairmanship of Prof. M. Mukherjee. The state level estimates need to be compiled by the State DESs as suggested by the RAC. Presently only few states are compiling estimates of GFCF fully/partly. The National Statistical Commission (NSC) in its report have also recommended that all the States should prepare estimates of capital formation. Most of the states prepare estimates of GFCF for public sector only as most states are already analyzing the budget documents and reports of public enterprises. GFCF of supra-regional sectors like railways, communication, Banking and Insurance and Public administration and Defence are prepared by the CSO and supplied to states annually. But the main concern is private corporate sector and to some extent household sector. CSO has taken initiatives to compile the estimates of GFCF at state level, particularly for the private sector using various sources of data. Recently, CSO compiled State wise estimates of GFCF for the year 2004–05 and the same were discussed with the states during the regional workshops. In the present paper, estimates of GFCF at state level have been prepared for the private sector by different industry of use for the years 1999–2000 to 2005–06." @default.
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- W2271703998 date "2009-01-01" @default.
- W2271703998 modified "2023-09-23" @default.
- W2271703998 title "ESTIMATION OF CAPITAL FORMATION AT STATE LEVEL" @default.
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