ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Estimates of Value added at Constant Prices in Manufacturing Sector-An Erroneous Methodology

This paper argues that the present methodology adopted by the Central Statistical Organisation in India for converting value added at current prices to that at constant prices for the manufacturing sector incorporates an error of a nature requiring immediate attention if the contribution to the national income by this sector is to be interpreted correctly Where VA(C) is, value added6 at constant prices, VA(CU) is.value added at current prices and WPI(M) is wholesale price index for manufacture.

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