Release of Supply and Use Tables of 2022-23 and 2023-24: Detailed Product-Industry Insights into the Indian Economy
GST
Dated:- 16-5-2026
The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), has released the 'Supply and Use Tables (SUTs) of 2022-23 and 2023-24'. This release marks a significant milestone in India's national accounting framework, as it is the first comprehensive set of Supply and Use Tables compiled under the revised base year of 2022-23, which replaced the earlier 2011-12 base year series. The new series of Annual National Accounts Estimates with base year 2022-23 was released on 27th February, 2026, following international best practices and recommendations of the United Nations System of National Accounts (SNA). In the new series, the compilation of annual revised estimates has been integrated with Supply and Use Table framework, to eliminate discrepancy between production\/income es<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n lability of new datasets and adoption of methodology as listed below:<\/p>\n Salient Features of the SUT under 2022-23 Series<\/p>\n (i) Integration of Annual Estimates with SUT framework: In the new GDP series, the production, income, and expenditure estimates are reconciled within the SUT to ensure internal consistency, in line with SNA recommendations.<\/p>\n (ii) Alignment with latest classifications: The adoption of updated classifications like NIC 2025, COICOP 2018 improves the alignment of national accounts with international standards and evolving economic structures.<\/p>\n (iii) Improved Non-Financial Private Corporate (NFPC) Estimates: The estimates NFPC sector have been improved by segregating revenue share, hence GVA for multi activity enterprises using MGT 7 data. Multipliers have been used at disaggregated level to account for the differences in capital across industries and size classes. Comprehensive coverage of Limited Liability Partnership (LLPs) has been<\/p>\n = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ASI and ASUSE and several administrative data sources.<\/p>\n (viii) Elimination of Discrepancy: One of the key strengths of the new series is that complete integration of annual estimation with SUT framework, hence elimination of statistical discrepancies at the final estimation stage.<\/p>\n Purpose of Supply and Use Tables<\/p>\n Supply and Use Tables serve multiple, mutually reinforcing purposes that have made them indispensable to modern national accounting. At their core, SUTs offer a unified analytical framework that simultaneously integrates the three canonical approaches to measuring Gross Domestic Product (GDP)-the production approach, the income approach, and the expenditure approach within a single, internally consistent structure. This integration is critical because it ensures that estimates derived from conceptually different methodologies and data sources converge to a single, harmonised estimate of the size and growth of the economy.<\/p>\n Beyond GDP re<\/p>\n = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n s are presented as two interlinked matrices: the Supply Table and the Use Table, both organised in a product-by-industry format. The Supply Table records the total supply of each product in the economy, distinguishing between supply from domestic production (disaggregated by the producing industry) and supply from imports. To bridge the gap between producer and consumer valuations, the Supply Table also incorporates adjustments for trade and transport margins and product taxes and subsidies, enabling a transition in valuation from basic prices, at which domestic output is recorded to purchasers' prices, at which goods and services are actually transacted in the market.<\/p>\n Complementing the Supply Table, the Use Table records how each product is utilised across the economy, disaggregating total use into: intermediate consumption by each industry (i.e., products used as inputs in the production process), private final consumption expenditure, government final consumpti<\/p>\n = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n an economy available in official statistics. The compilation draws on a diverse and comprehensive set of survey and administrative data sources in addition to datasets used in annual accounts compilation: the Annual Survey of Industries (ASI) for the organised manufacturing sector; the Annual Survey of Unincorporated Sector Enterprises (ASUSE) for the informal non-agricultural sector; the Household Consumption Expenditure Survey (HCES) for private final consumption; and a wide range of administrative databases maintained by government departments and regulators.<\/p>\n The compilation methodology follows a structured, four-stage process: (i) Identification of Industries and Products: industries are delineated using the National Industrial Classification (NIC) from ASI data for the manufacturing sector and Compilation Categories (CC) from annual estimates for non-manufacturing sectors; products are classified as per the National Product Classification for Manufacturing Sector (NPCMS) a<\/p>\n = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ; and Central Board of Indirect Taxes and Customs (CBIC) tariff rate for import duties.<\/p>\n The Use Table provides, in a single integrated framework, the Gross Value Added (GVA) at basic prices by industry (consistent with the production approach to GDP), the expenditure-side GDP (derived by deducting imports from the sum of all final uses), and the income-side decomposition of value added by industry, covering compensation of employees, gross operating surplus, and mixed income. This three-in-one representation of the economy is the hallmark of the SUT framework and is made possible only through the use of comprehensive, product-level data. Key data sources informing the Use Table include: Cost of Cultivation Studies (CCS) for agricultural inputs; ASI data for manufacturing; Ministry of Corporate Affairs (MCA) for the corporate sector; EXIM data for export of goods; and RBI data for exports of services.<\/p>\n Considering the diverse datasets used to compile SUT, the product balancing is c<\/p>\n = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n tely 51-52%, underscoring the continued dominance of services in the Indian economy.<\/p>\n \u2022 The GVA-to-GVO (Gross Value Added to Gross Value of Output) ratio is a key indicator of the efficiency of value addition within an industry. In 2022-23, the five industries with the highest ratio (range: 0.95 to 0.76) are: Ownership of Dwellings, Forestry and Logging, Agriculture, Crude Petroleum, and Education & Research-industries characterised by relatively low material input requirements. In 2023-24, the top five (range: 0.95 to 0.74) are: Ownership of Dwellings, Agriculture, Forestry and Logging, Public Administration & Defence, and Education & Research.<\/p>\n \u2022 Conversely, industries with the lowest GVA-to-GVO ratios are those with high material-input intensity. In 2022-23, the bottom five (range: 0.11 to 0.08) are: Production, Processing and Preservation of Meat, Fish, Fruit, Vegetables, Oils and Fats; Manufacture of Dairy Products; Manufacture of Communication Eq<\/p>\n = = = = = = = =<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
For full text:-Visit the Source <\/a><\/p>\n