Supply and Use Table:
The Ministry of Statistics and Programme Implementation (MoSPI) has released the ‘Supply and Use Tables of 2020-21 and 2021-22’.
- It represents 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.
- 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.
- 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.
- In contrast, the Use Table records the utilization of these products across various components—intermediate consumption by industries, final consumption, gross capital formation, and exports.
