News: The Ministry of Statistics and Programme Implementation (MoSPI) has released the ‘Supply and Use Tables of 2020-21 and 2021-22’.
About Supply and Use Tables (SUTs)
- The Supply and Use Tables (SUTs) represent a detailed snapshot of all economic activities taking place in the economy.
- They are powerful analytical tools that present the structure of an economy as well as interlinkages among the various economic actors.
- Released by: Ministry of Statistics & Programme Implementation
- Purpose of SUT
- They serve multiple purposes and have gained prominence due to their statistical robustness and analytical flexibility.
- They offer a comprehensive framework that integrates the three approaches to measuring Gross Domestic Product (GDP)—production, income, and expenditure within a unified structure.
- SUT is a very powerful tool for comparing and reconciling data from diverse sources, thereby improving the coherence and consistency between production and expenditure estimates.
- Compilation of product-wise value of output by different industries, net product taxes, trade and transport margin, import on supply side, and intermediate consumption by different industries, final use, export by products make the SUT more data demanding.
- These detailed product-level information by industry enables policymakers, researchers, and academicians to undertake granular analysis of the structure, composition and dynamics of the economy.
- SUT Framework
- Supply and Use Tables (SUT) are presented as two interlinked matrices: the Supply Table and the Use Table, structured in a product-by-industry matrix.
- The Supply Table captures the total supply of goods and services, both from domestic production by industry and from imports.
- The Use Table records the utilization of these products across various components—intermediate consumption by industries, final consumption, gross capital formation, and exports.
