Input-Output Table for India 2013-2014: Based on the New Series of National Accounts Statistics and Supply and the Use Table

In our study, we attempt to produce a more up-to-date input-output (I-O) table for India based on the supply and use table (SUT) of the economy and the new series of National Accounts Statistics (NAS). The resulting table has been used to estimate output multipliers for 25 sectors, and these have been compared with multipliers from the last set of I-O officially estimated for the country in 2007-2008. A key difference between the two sets of tables is the inclusion of inputs in the public administration sector in the more recent one, as a result of which the Type-I multiplier of this sector is greater than one in the latter table compared to one in the former. For the same reason, the Type-II multipliers obtained from the 2013-2014 I-O table are broadly higher than those obtained from the 2007-2008 I-O table. Validation has also been done by comparing gross value added (GVA) as a basic price obtained from the national accounts data for 2013-2014 with the GVA arrived at from the constructed I-O table. JEL Classification:C-67, E01