This book studies pitfalls in value added accounting of sectoral growth in real terms in the context of liberalisation of the Indian economy. Growth of sectoral gross value added can systematically deviate from that of final expenditure (and gross output), even maintaining the broad national...

The article decomposes the influence behind the growth of service activities in the Indian economy over the last three decades into three components -- the final demand effect, input structure effect and reallocation effect -- and makes empirical assessments thereof. In terms of the influences,...