Abstract
This chapter presents a brief review of the accounting of services output in the National Accounts. Pointing to the amorphous nature of services, the author notes that ‘generally speaking, services embrace all economic activities other than those covered under agricultural production, mining, manufacturing and construction activity’. The chapter provides a discussion on some key concepts in the measurement of output as per the System of National Accounts (SNA) 2008, with particular reference to the output of the service sectors. The changes introduced in the new series of India’s National Accounts – the 2011–12 series – have also been reviewed.
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