First Supply and Use Tables on new base 2022-23 released
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NSO released Supply and Use Tables for 2022-23 and 2023-24—the first full set under GDP base 2022-23 (earlier 2011-12). Annual estimates integrate with the SUT so final current-price figures reconcile production/income and expenditure. Tables cover 155 products and 67 industries. Total supply was ₹627.18 lakh crore in 2022-23 and ₹669.88 lakh crore in 2023-24.
- Release
- SUT 2022-23 and 2023-24; first under base 2022-23
- New series start
- Annual National Accounts with base 2022-23 released 27 Feb 2026
- Detail
- 155 products × 67 industries
- Total supply
- ₹627.18 lakh crore (2022-23); ₹669.88 lakh crore (2023-24) at purchasers’ prices
- Feature
- production, income and expenditure reconciled in SUT; discrepancy eliminated at final current-price stage
- Sources
- ASI, ASUSE, HCES, MCA, DGCIS, RBI, CBIC and others
Supply and Use Tables for 2022-23 and 2023-24: what happened?
GDP can be counted three ways. Supply and Use Tables force those three stories to match product by product—so the new base year’s final numbers are internally consistent.
- Improvements include better NFPC/LLP coverage, refined intermediate-consumption structure, data-driven trade and transport margins.
- High GVA-to-GVO industries include ownership of dwellings, forestry, agriculture; low ratios in food processing and refined petroleum.
What is an SUT?
- Two matrices—Supply and Use—in product-by-industry form. Total supply of each product equals total use.
Why does Supply and Use Tables for 2022-23 and 2023-24 matter?
| Angle | What to note |
|---|---|
| Statistics | SUT-integrated national accounts on new base. |
| Policy | Granular product-industry map for industrial and trade analysis. |
| SNA | Aligned with UN System of National Accounts practice. |
What are the challenges in Supply and Use Tables for 2022-23 and 2023-24?
- Compilation is data-heavy; balancing still adjusts margins, stocks and some consumption items.
- Users must not confuse SUT years with older 2011-12 series tables.
What should be done next on Supply and Use Tables for 2022-23 and 2023-24?
- Use SUTs for structural analysis alongside annual GDP.
- Keep ASI/ASUSE/HCES pipelines feeding the framework.
What can Prelims ask on Supply and Use Tables for 2022-23 and 2023-24?
- First SUTs under base 2022-23 for 2022-23 and 2023-24.
- 155 products, 67 industries; discrepancy removed at final current prices.
- Total supply ₹627.18 / ₹669.88 lakh crore.
How to write about Supply and Use Tables for 2022-23 and 2023-24 in Mains
Practice question (10 marks, 150 words): Why do Supply and Use Tables matter for the credibility of India’s GDP estimates?
- Intro: new-base SUTs.
- Three GDP approaches.
- Product identity.
- Data improvements.
- Conclusion.
How to use this in Mains
- As per PIB (2026-05-15): NSO released Supply and Use Tables for 2022-23 and 2023-24, the first under the revised base year 2022-23.
- Better GDP data means better policy decisions.
Quotable data pointNSO released Supply and Use Tables for 2022-23 and 2023-24, the first under the revised base year 2022-23.
PIB: MoSPI: Supply and Use Tables, 15 May 2026
Exam angle
Prelims: SUT purpose.
Practice MCQs
Original practice questions (not PYQs).
The new GDP base year for these SUTs is
Answer (c) & explanation
PIB (MoSPI), 15 May 2026.
SUT product × industry detail is
Answer (b) & explanation
PIB (MoSPI), 15 May 2026.
Questions students ask about this
Which years' SUTs were released on the new base?
2022-23 and 2023-24.
How detailed are the tables?
155 products and 67 industries.
What was total supply in 2023-24 at purchasers' prices?
₹669.88 lakh crore.
Keep studying
Go deeper
Official source: PIB: MoSPI: Supply and Use Tables, 15 May 2026
facts from cited sources only; faculty review pending