Question

From the following data calculate net value added at factor cost (NVAFC)-
Items
*(in Lakh)
[i] Subsidy
30
[ii] Sales
700
[iii] Depreciation
20
[iv] Exports
90
[v] Closing Stock
10
[vi] Opening stock
40
[vii] Intermediate purchases
400
(viii] Purchase of machinery for own use 300
[ix] Import of raw material
70​

Answer 1

Answer:

Rs. 670 Crores

Net Value Added at Factor Cost

=Total Sales + Production for Self Consumption- Decrease in Stock - Purchase of raw materials - Electricity Charges- (GST-Subsidy)

= 1000+120-70-300-50-(70-40)

=Rs. 670 Crores