Print ReleasePrint
XClose
Press Information Bureau
Government of India
Ministry of Statistics & Programme Implementation
31-May-2017 17:29 IST
Provisional Estimates of Annual National Income, 2016-17 And Quarterly Estimates of Gross Domestic Product, 2016-17

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the Provisional estimates of national income for the financial year 2016-17 and  quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2016-17, both at constant (2011-12) and current prices.

 

  1. The estimates of Quarterly GDP have been compiled using the new series of Index of Industrial Production (IIP) and Wholesale price Indices (WPI). The new series of IIP and WPI with base 2011-12 was released by CSO and the Office of Economic Advisor (OEA), Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, respectively on 12th May, 2017.
  2. Accordingly, Annual estimates of GDP for the  years  2011-12 to 2015-16, which were released on 31st January 2017 have been revised on account of using new series of IIP and WPI.   Growth rates of GDP for the years 2011-12 to 2015-16, based on the new series of IIP and WPI and old series of IIP and WPI are given below:

(At Current Prices( In Rs.crore))

(At Constant Prices (In Rs. Crore))

Year

GDP

GDP growth rates (%)

Year

GDP

GDP growth rates (%)

 

Old Series

New Series

Old

New

 

Old

New

Old

New

2011-12

8736039

8736329

 

 

2011-12

8736039

8736329

 

 

2012-13

9946636

9944013

13.9

13.8

2012-13

9215125

9213017

5.5

5.5

2013-14

11236635

11233522

13.0

13.0

2013-14

9817822

9801370

6.5

6.4

2014-15

12433749

12445128

10.7

10.8

2014-15

10522686

10536984

7.2

7.5

2015-16

13675331

13682035

10.0

9.9

2015-16

11357529

11381002

7.9

8.0

 

  1. Quarterly estimates of GDP of the previous years along with the first, second and third quarter estimates of 2016-17 released earlier have undergone revision in accordance with the revision policy of National Accounts. Quarterly estimates for the years 2014-15, 2015-16, and 2016-17 are presented in Statements 5 to 8.

 

 

  1. PROVISIONAL ESTIMATES OF NATIONAL INCOME, 2016-17

 

  1. The Second Advance estimates of national income for the year 2016-17 were released on 28th February, 2017. These estimates have now been revised incorporating latest estimates of agricultural production, index of industrial production and performance of key sectors like, railways, transport other than railways, communication, banking, insurance and government expenditure. Early results on the performance of corporate sector for April-December 2016 which were used in the advance estimates have been revised on the basis of latest available information. The information on corporate performance as available from company finance studies of RBI is supplemented with the information available from advance filings with Bombay Stock Exchange and National Stock Exchange.

                                                                                                                                

  1. The salient features of these estimates are detailed below:

 

(a)  Estimates at current prices

 

Gross Domestic Product

 

  1. GDP at current prices in the year 2016-17 is estimated at `84 lakh crore, showing a growth rate of 11.0 percent over the estimates of GDP for the year 2015-16 of  `136.82 lakh crore.

 

  1. The sectors which registered growth rate of over 9.0 percent and above at current prices are ‘agriculture’, ‘manufacturing’ , ‘trade, hotels, transport, communication and services related to broadcasting’, 'financial, real estate and professional services', and 'public administration, defence and other services’. 

 

  1. 9. Sector analysis

Agriculture

9.1.      The ‘agriculture, forestry and fishing’ sector has shown a growth rate of 9.0 percent at current prices. The GVA estimates of this sector have been compiled using the Third Advance Estimates of production of food grains for 2016-17.  The third advance estimates of food grain production was 273.38 million tonnes in 2016-17 which is higher than the second advance estimates of food grain production during 2016-17 of  271.98 million tonnes  and  final estimates of 251.57 million tonnes during the agricultural year 2015-16.

 

Mining and quarrying

9.2       The ‘mining and quarrying’ sector has shown a growth rate of 1.9 percent at current prices. As per the available information, private corporate sector growth in the mining sector as estimated from major listed companies at current prices was 1.8 percent .  The Index of Industrial Production of mining registered growth of 5.3 percent during 2016-17. Production of coal and crude oil registered growth rates of 3.6 percent and (-) 2.5 percent during 2016-17.

 

Manufacturing

9.3       The growth in the ‘manufacturing’ sector is estimated at 9.3 percent at current prices. The private corporate sector growth (which has a share of around 70 percent in the manufacturing sector) as estimated from available data of listed companies with BSE and NSE was 12.4 percent at current prices during 2016-17. The quasi corporate and unorganized segment (which includes individual proprietorship and partnerships and khadi & village Industries having a share of around 23 percent in the manufacturing sector) has been estimated using IIP of manufacturing. The IIP of manufacturing registered a growth rate of 4.9 percent during 2016-17.

Electricity, Gas, water supply and other utility services

9.4       GVA at basic prices for 2016-17 from ‘Electricity, gas, water supply and other utility services’ sector is estimated to grow by 6.5 percent at current prices.  The key indicator of this sector, namely, IIP of Electricity registered a growth rate of 5.8 per cent during  April-March, 2016-17.

Construction

 

9.5        GVA at basic prices for 2016-17 from ‘Construction’ sector is estimated to grow by 3.5 percent  at current prices.   Key indicators of construction sector, namely, production of cement and consumption of finished steel registered growth rates of (-) 1.3 per cent and 3.0 percent, respectively, during  2016-17.  

 

Trade, hotels,transport, communication and services related to broadcasting

 

9.6.      GVA at basic prices for 2016-17 from this sector is estimated to grow by 9.8 percent at current prices. Key indicator used for estimating GVA from Trade sector is the sales tax growth. As per the available monthly data on State accounts, sales tax collection grew by 11.4  percent during 2016-17. Indicator used for measuring GVA from hotels and restaurant sector is the private corporate growth in this sector. 

Among the other services sectors, the sale of commercial vehicles, cargo handled at major sea ports, cargo handled by the civil aviation and passengers handled by the civil aviation registered growth rates of 4.2 percent, 6.8 percent, 11.9 per cent and 18.3 per cent respectively during April-March of 2016-17. Indicators of Railways sector, namely, Net Tonne Kilometers and Passenger Kilometers have shown growth of (-)5.3 percent and 0.4 percent respectively during 2016-17.

  

Financial, insurance, real estate and professional services

 

9.7       The sector 'financial, real estate and professional services' has shown a growth rate of 9.8 per cent at current prices. Major component of this industry is the real estate and professional services which has a share of 71.0 percent. The key indicators of this sector are the quarterly growth of corporate sector for computer related activities which is estimated from available data from listed companies. The key indicators of banking, namely, aggregate bank deposits and bank credits have shown growth of 11.8 percent and 5.1 percent, respectively as on 31stMarch, 2017.   

 

Public administration and defence and other services

 

9.8       The sector ‘Public administration, defence and other services' has shown a growth rate of 16.6 percent at current prices. The key indicator of this sector namely, union government revenue expenditure net of interest payments grew by 18.3 percent during this period.

 

National Income

 

  1. The GNI at current prices is estimated at `149.94 lakh crore during 2016-17, as compared to `135.22 lakh crore during 2015-16, showing a rise of 10.9 percent.

 

Per Capita Net National Income

 

  1. The per capita income at current prices during 2016-17 is estimated to have attained a level of `103219 as compared to the estimates for the year 2015-16 of `94130 showing a rise of 9.7 percent.

 

(b)     Estimates at constant (2011-12) prices

 

Gross Domestic Product

 

  1. Real GDP or GDP at constant (2011-12) prices for the year 2016-17 is estimated at `121.90 lakh crore showing a growth rate of 7.1 percent over the year 2015-16 of `113.81 lakh crore. 

 

Gross Value Added (GVA)at Basic Prices

  1. Real GVA, i.e, GVA at basic constant (2011-12) prices for the year 2016-17 is estimated at `111.85 lakh crore showing a growth rate of 6.6 percent over the GVA for the year 2015-16 of `104.91 lakh crore.

 

  1. The sectors which registered growth rate of over 7.0 percent at constant prices are 'public administration, defence and other services’ (11.3 percent), ), manufacturing (7.9 percent),‘ trade, hotels, transport, communication and services related to broadcasting’ (7.8 percent),‘electricity, gas, water supply other utility services (7.2 percent) ’.The growth in the ‘agriculture, forestry and fishing’, ‘mining and quarrying’, ‘construction’ and 'financial, real estate and professional services' is estimated to be 4.9 per cent, 1.8 per cent, 1.7 per cent and 5.7 per cent respectively.

Gross National Income

 

  1. The Gross National Income (GNI) at 2011-12 prices is estimated at `120.35 lakh crore during 2016-17, as against the previous year’s estimate of `112.46 lakh crore. In terms of growth rates, the gross national income is estimated to have risen by 7.0 percent during 2016-17, in comparison to the growth rate of 8.0 percent in 2015-16.

 

Per Capita Income

  1. 16. The per capita income in real terms (at 2011-12 prices) during 2016-17 is likely to attain a level of `82,269 as compared to `77,803 for the year 2015-16. The growth rate in per capita income is estimated at 7 percent during 2016-17, as against 6.8 percent in the previous year.

 

 

II        ANNUAL ESTIMATES OF EXPENDITURES OF GDP, 2016-17

 

  1. Along with the Provisional Estimates of GDP by economic activity, CSO is also releasing the estimates of expenditures of the GDP at current and constant (2011-12) prices. These estimates have been compiled using the data on indicators available from the same sources as those used for compiling GDP estimates by economic activity, detailed data available on merchandise trade in respect of imports and exports, balance of payments, and monthly expenditure of Central Government. As various components of expenditure on gross domestic product, namely, consumption expenditure and capital formation, are normally measured at market prices, discussion in the following paragraphs is in terms of market prices.

 

Private Final Consumption Expenditure

 

  1. Private Final Consumption Expenditure (PFCE) at current prices is estimated at `89.27 lakh crore in 2016-17 as against `79.32 lakh crore in 2015-16. At constant (2011-12) prices, the PFCE is estimated at `68.07 lakh crore in 2016-17 as against`62.62lakhcrore in 2015-16. In terms of GDP, the rates of PFCE at current and constant (2011-12) prices during 2016-17 are estimated at 58.8 percent and 55.8percent, respectively, as against the corresponding rates of 58.0 percent and 55.0 percent, respectively in 2015-16.

 

Government Final Consumption Expenditure

 

  1. 19. Government Final Consumption Expenditure (GFCE) at current prices is estimated at `69 lakh crore in 2016-17 as against `14.11 lakh crore in 2015-16. At constant (2011-12) prices, the GFCE is estimated at `13.40 lakh crore in 2016-17 as against `11.10 lakh crore in 2015-16. In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during 2016-17 are estimated at 11.7 percent and 11.0 percent, respectively, as against the corresponding rates of 10.3 percent and 9.8 percent, respectively in 2015-16.

 

Gross Fixed Capital Formation

 

  1. Gross Fixed Capital Formation (GFCF) at current prices is estimated at `41.18 lakh crore in 2016-17 as against `40.03 lakh crore in 2015-16. At constant (2011-12) prices, the GFCF is estimated at `36.02 lakh crore in 2016-17 as against `35.18 lakh crore in 2015-16. In terms of GDP, the rates of GFCF at current and constant (2011-12) prices during 2016-17 are estimated at 27.1 percent and 29.5 percent, respectively, as against the corresponding rates of 29.3 percent and 30.9 percent, respectively in 2015-16.

 

  1. Estimates of gross/net national income and per capita income, along with GVA at basic prices by kind of economic activity and the Expenditures of GDP for the years 2014-15, 2015-16 and 2016-17 at constant (2011-12) and current prices are given in Statements 1 to 4.

 

III      QUARTERLY ESTIMATES OF GDP FOR Q4 (JANUARY-MARCH), 2016-17

 

(a) Estimates at current prices

 

  1. The four quarters of a financial year are denoted by Q1, Q2, Q3 and Q4. GDP at current prices in Q4 of 2016-17 is estimated at `41.51 lakh crore, as against `36.91 lakhcrore in Q4 of 2015-16, showing a growth of 12.5 percent. GVA at current basic prices in Q4 of 2016-17 is estimated at `35.28 lakh crore, as against `31.70 lakhcrore in Q4 of 2015-16, showing a growth of 11.3 percent. Growth rates at current prices in various sectors are as follows: ‘agriculture, forestry and fishing’ (7.9 percent), ‘mining and quarrying’ (33.0 percent), ‘manufacturing’ (8.6 percent), ‘electricity, gas, water supply and other utility services’ (9.6 percent) ‘construction’ (1.2 percent), 'trade, hotels, transport and communication' (11.7 percent), 'financial, real estate and professional services' (9.6 percent), and ‘Public administration, defence and other Services' (24.2 percent).

 

  1. According to the latest estimates available on the IIP, the index of mining, manufacturing and electricity registered growth rates of 7.7percent, 1.8 percent and 4.3 percent respectively, in Q4 of 2016-17. In the transport and communication sectors, the sale of commercial vehicles and cargo handled at major ports, registered growth rates of 5.7 percent and 4.7 percent respectively in Q4 of 2016-17.

 

  1. The PFCE and GFCF at current prices in Q4 of 2016-17 are estimated at `24.36 lakh crore and `10.58­ lakh crore, respectively. The rates of PFCE and GFCF at current prices as percentage of GDP in Q4 of 2016-17 are estimated at 58.7 percent and 25.5 percent, respectively, as against the corresponding rates of 59.1 percent and 28.5 percent, respectively in Q4 of 2015-16.

 

 

 

(b) Estimates at constant (2011-12) prices

  1. GDP at constant (2011-12) prices in Q4 of2016-17 is estimated at `32.28 lakh crore, as against `30.42 lakh crore in Q4 of 2015-16, showing a growth rate of 6.1 percent. GVA at basic prices at constant (2011-12) prices in Q4 of 2016-17 is estimated at `28.69 lakhcrore, as against `27.18 lakh crore in Q4 of 2015-16, showing a growth rate of 5.6 percent.

          The consumer price index has shown a rise of 3.6 per cent during Q4 of 2016-17. The wholesale price index (WPI), in respect of the groups, food articles, minerals, manufactured products, electricity and all commodities, has risen by 2.2 per cent, 7.2 percent, 3.2 percent, 3.3 percent and 5.0 percent, respectively during Q4 of 2016-17.  The WPI  growth rates based on old and new series for the year 2016-17 is given in the table below.

 

 

ANNUAL

Q1

Q2

Q3

Q4

 

 

2004-05

2011-12

2004-05

2011-12

2004-05

2011-12

2004-05

2011-12

2004-05

2011-12

All commodities

3.7

1.7

1.4

-0.7

3.8

1.0

3.6

1.7

5.9

5.0

Food articles

5.1

4.1

7.2

6.7

9.3

5.7

2.0

1.8

2.0

2.2

Minerals

1.5

6.9

-16.0

4.9

-9.8

10.8

10.1

4.8

30.6

7.2

Electricity

-1.1

-0.7

1.1

-4.3

-2.8

-2.7

-2.8

1.1

0.0

3.3

Manufactured products

2.6

1.3

1.2

-0.6

2.3

0.8

3.3

1.9

3.5

3.2

 

  1. Growth rates in various sectors are as follows: ‘agriculture, forestry and fishing’ (5.2 percent), ‘mining and quarrying’ (6.4percent), ‘manufacturing’ (5.3 percent), ‘electricity, gas, water supply and other utility services’ (6.1percent) ‘construction’ (-3.7 percent), 'trade, hotels, transport and communication' (6.5percent), 'financial, real estate and professional services' (2.2percent), and ‘Public administration, defence and other Services' (17.0 percent).

 

  1. The PFCE and GFCF at constant (2011-12) prices in Q4 of 2016-17 are estimated at `18.48 lakh crore and `9.19 lakh crore, respectively. The rates of PFCE and GFCF as percentage of GDP in Q4 of 2016-17were 57.3 percent and 28.5 percent, respectively, as against the corresponding rates of 56.6 percent and 30.8 percent, respectively in Q4 of 2015-16.

 

  1. Estimates of GVA at basic prices by kind of economic activity and the expenditures of GDP for the four quarters of 2014-15, 2015-16 and 2016-17 at constant (2011-12) and current prices, are given in Statements 5 to 8.

 

  1. The next release of quarterly GDP estimate for the quarter April-June, 2017 (Q1 of 2017-18) will be on 31.08.2017.

 

 

 STATEMENT 1: Provisional Estimates of National Income and Expenditures on GDP, 2016-17 (At 2011- 12 Prices)

 

 

 

(` crore)

 

 

 

S. No.

Item

2014-15

 

2015-16

 

2016-17

(PE)

percentage change over previous year

 

2015-16

2016-17

 

Domestic Product

 

 

 

 

1

GVA at basic prices

9719023

10490514

11185440

7.9

6.6

2

Net Taxes on Products including import duties

817961

890488

1004414

8.9

12.8

3

GDP (1+2-3)

10536984

11381002

12189854

8.0

7.1

4

NDP

9356260

10116809

10841917

8.1

7.2

 

Final Expenditures

 

 

 

 

    5

PFCE

5902386

6262373

6806624

6.1

8.7

6

GFCE

1073894

1109725

1340086

3.3

20.8

7

   GFCF

3302173

3518446

3602041

6.5

2.4

8

   CIS

270613

274447

291179

1.4

6.1

9

   VALUABLES

187957

180274

148700

-4.1

-17.5

10

Exports of goods and services

2512176

2378687

2486007

-5.3

4.5

11

Less Imports of goods and services

2667658

2510753

2568680

-5.9

2.3

12

Discrepancies

-44556

167803

83897

 

 

13

GDP

10536984

11381002

12189854

8.0

7.1

 

RATES TO GDP

 

 

 

 

 

14

PFCE

56.0

55.0

55.8

 

 

15

GFCE

10.2

9.8

11.0

 

 

16

   GFCF

31.3

30.9

29.5

 

 

17

   CIS

2.6

2.4

2.4

 

 

18

   VALUABLES

1.8

1.6

1.2

 

 

19

Exports of goods and services

23.8

20.9

20.4

 

 

20

Less Imports of goods and services

25.3

22.1

21.1

 

 

21

Discrepancies

-0.4

1.5

0.7

 

 

22

GDP

100.0

100.0

100.0

 

 

 

 

 

 

 

 

 

23

GNI

10412280

11246305

12034713

8.0

7.0

24

NNI

9231556

9982112

10686776

8.1

7.1

                  Per Capita Income, Product and Final Consumption

25

Population* (in million)

1267

1283

1299

1.3

1.2

 

 

 

 

 

 

 

26

Per Capita GDP

83165

88706

93840

6.7

5.8

27

Per Capita GNI

82181

87656

92646

6.7

5.7

28

Per Capita NNI

72862

77803

82269

6.8

5.7

29

Per Capita PFCE

46586

48810

52399

4.8

7.4

 

 

 

 

 

 

 

 

 

 

 

PE: Provisional Estimates

 

STATEMENT 2: Provisional Estimates of National Income and Expenditures on GDP, 2016-17( At Current Prices)

 

 

 

(` crore)

 

 

S.No.

Item

2014-15

 

2015-16

 

2016-17

(PE)

percentage change over previous year

 

 

 

 

 

2015-16

2016-17

 

Domestic Product

 

 

 

 

1

GVA at basic prices

11481794

12458642

13669914

8.5

9.7

2

Net Taxes on Products including import duties

963334

1223393

1513795

27.0

23.7

3

GDP (1+2-3)

12445128

13682035

15183709

9.9

11.0

4

NDP

11101191

12236662

13597811

10.2

11.1

 

Final Expenditures

 

 

 

 

    5

PFCE

7232800

7932331

8927010

9.7

12.5

6

GFCE

1298639

1411460

1769036

8.7

25.3

7

   GFCF

3783837

4002781

4117674

5.8

2.9

8

   CIS

308697

301923

328198

-2.2

8.7

9

   VALUABLES

209407

197256

166287

-5.8

-15.7

10

Exports of goods and services

2863541

2728643

2911700

-4.7

6.7

11

Less Imports of goods and services

3235965

3044917

3133081

-5.9

2.9

12

Discrepancies

-15828

152559

96886

1.1

0.6

13

GDP

12445128

13682035

15183709

9.9

11.0

 

RATES TO GDP

 

 

 

 

14

PFCE

58.1

58.0

58.8

 

 

15

GFCE

10.4

10.3

11.7

 

 

16

   GFCF

30.4

29.3

27.1

 

 

17

   CIS

2.5

2.2

2.2

 

 

18

   VALUABLES

1.7

1.4

1.1

 

 

19

Exports of goods and services

23.0

19.9

19.2

 

 

20

Less Imports of goods and services

26.0

22.3

20.6

 

 

21

Discrepancies

-0.1

1.1

0.6

 

 

22

GDP

100.0

100.0

100.0

 

 

 

 

 

 

 

 

 

23

GNI

12297698

13522256

14994109

10.0

10.9

24

NNI

10953761

12076882

13408211

10.3

11.0

25

GNDI

12702852

13935339

15379509

9.7

10.4

26

NNDI

11358915

12489965

13793611

10.0

10.4

                  Per Capita Income, Product and Final Consumption

27

Per Capita GDP

98225

106641

116888

8.6

9.6

28

Per Capita GNI

97062

105396

115428

8.6

9.5

29

Per Capita NNI

86454

94130

103219

8.9

9.7

30

Per Capita GNDI

100259

108615

118395

8.3

9.0

31

Per Capita PFCE

57086

61826

68722

8.3

11.2

 

 

 

 

 

 

 

Note: Estimates of Disposable Income are compiled only at current prices.

 

 

 

 

 

 

 

PE: Provisional Estimates

 

 

  

STATEMENT 3: Provisional Estimates of GVA at Basic Price by Economic Activity

                 (At 2011-12 prices)  

(` crore)

 

 

Industry

2014-15

2015-16

2016-17

(PE)

Percentage change over previous year

 

 

 

2015-16

2016-17

1. agriculture, forestry & fishing

1,606,140

1,617,208

1,696,175

0.7

4.9

2. mining & quarrying

293,821

324,740

330,485

10.5

1.8

3. manufacturing

1,689,504

1,872,115

2,019,927

10.8

7.9

4. electricity, gas, water supply & other utility services

213,744

224,447

240,590

5.0

7.2

5. construction

838,203

879,782

894,668

5.0

1.7

6.trade,hotels,transport,communication and services related to broadcasting

1,800,919

1,989,161

2,143,956

10.5

7.8

7. financial, real estate  & professional services

2,075,549

2,298,798

2,429,638

10.8

5.7

8. Public Administration, defence and other services

1,201,143

1,284,263

1,430,002

6.9

11.3

GVA at Basic Price

9,719,023

10,490,514

11,185,440

7.9

6.6

 

PE: Provisional Estimates

  

 

STATEMENT 4: Provisional Estimates of GVA at Basic Price by Economic Activity

(At current prices)

 

(` crore)

 

Industry

2014-15

2015-16

2016-17

(PE)

Percentage change over previous year

 

 

 

2015-16

2016-17

1. agriculture, forestry & fishing

2,068,958

2,175,547

2,372,085

5.2

9.0

2. mining & quarrying

314,177

296,253

301,921

-5.7

1.9

3. manufacturing

1,883,937

2,064,820

2,257,413

9.6

9.3

4. electricity, gas, water supply & other utility services

279,631

321,651

342,422

15.0

6.5

5. construction

987,493

1,006,403

1,041,343

1.9

3.5

6.trade,hotels,transport,communication and services related to broadcasting

2,095,121

2,294,364

2,519,999

9.5

9.8

7. financial, real estate  & professional services

2,363,250

2,631,120

2,889,048

11.3

9.8

8. Public Administration, defence and other services

1,489,226

1,668,486

1,945,683

12.0

16.6

 GVA at Basic Price

11,481,794

12,458,642

13,669,914

8.5

9.7

 

 

PE: Provisional Estimates

STATEMENT 5: Quarterly Estimates of GVA at Basic Prices for 2016-17

 

(at 2011-12 prices)

 

GVA AT BASIC PRICE (` in crore)

PERCENTAGE CHANGE OVER PREVIOUS YEAR

 

2014-15

2015-16

2016-17

2015-16

2016-17

industry

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

  1. agriculture, forestry & fishing

362,740

299,736

522,895

420,769

371,468

306,694

511,784

427,262

380,833

319,173

546,854

449,313

2.4

2.3

-2.1

1.5

2.5

4.1

6.9

5.2

  2. mining & quarrying

80,609

59,018

70,133

84,062

87,294

66,214

78,355

92,877

86,485

65,368

79,816

98,817

8.3

12.2

11.7

10.5

-0.9

-1.3

1.9

6.4

  3. manufacturing

423,539

425,198

391,160

449,606

458,128

464,719

442,766

506,502

507,223

500,655

478,856

533,194

8.2

9.3

13.2

12.7

10.7

7.7

8.2

5.3

  4. electricity, gas, water supply& other utility ser vices

53,828

54,807

53,151

51,958

55,324

57,912

55,292

55,919

61,018

60,850

59,403

59,320

2.8

5.7

4.0

7.6

10.3

5.1

7.4

6.1

  5. construction

209,445

205,660

207,783

215,314

222,464

208,855

220,327

228,135

229,321

217,790

227,805

219,752

6.2

1.6

6.0

6.0

3.1

4.3

3.4

-3.7

  6. trade, hotels, transport &communication and services related to boardcasting

430,346

431,263

439,108

500,201

474,733

466,888

483,310

564,230

516,958

503,064

523,308

600,626

10.3

8.3

10.1

12.8

8.9

7.7

8.3

6.5

  7. financial,, real est. & professional Services

540,396

592,973

460,100

482,081

594,754

670,123

508,328

525,592

650,607

717,077

524,916

537,038

10.1

13.0

10.5

9.0

9.4

7.0

3.3

2.2

  8. Public administration, defence and other services

276,514

312,251

315,180

297,198

293,784

334,639

338,742

317,098

318,963

366,583

373,483

370,973

6.2

7.2

7.5

6.7

8.6

9.5

10.3

17.0

GVA at Basic Price

2377418

2380906

2459510

2501190

2557949

2576044

2638905

2717616

2751407

2750560

2814440

2869032

7.6

8.2

7.3

8.7

7.6

6.8

6.7

5.6

 

  

STATEMENT 6:  Quarterly Estimates of GVA at Basic Prices for 2016-17

(at current prices)

 

 

GVA AT BASIC PRICE(` in crore)

PERCENTAGE CHANGE OVER PREVIOUS YEAR

 

2014-15

2015-16

2016-17

2015-16

2016-17

industry

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

  1. agriculture, forestry & fishing

454,681

402,199

679,930

532,147

487,463

411,860

705,018

571,206

535,817

453,016

766,847

616,405

7.2

2.4

3.7

7.3

9.9

10.0

8.8

7.9

  2. mining & quarrying

96,403

70,235

74,339

73,201

89,202

62,948

70,301

73,802

74,069

57,256

72,432

98,164

-7.5

 -10.4

-5.4

0.8

-17.0

-9.0

3.0

33.0

  3. manufacturing

472,528

477,931

436,528

496,951

510,270

513,542

486,748

554,259

561,546

557,478

536,427

601,962

8.0

7.5

11.5

11.5

10.0

8.6

10.2

8.6

  4. electricity, gas, water supply& other utility ser vices

69,020

70,980

70,040

69,591

80,345

83,635

78,419

79,253

84,781

85,543

85,205

86,893

16.4

17.8

12.0

13.9

5.5

2.3

8.7

9.6

  5. construction

248,627

248,534

244,988

245,343

257,820

240,308

252,284

255,990

263,908

253,148

265,345

258,942

3.7

-3.3

3.0

4.3

2.4

5.3

5.2

1.2

  6. trade, hotels, transport &communication and services related to boardcasting

504,845

514,604

511,746

563,926

554,319

542,097

558,511

639,436

599,817

589,846

615,823

714,513

9.8

5.3

9.1

13.4

8.2

8.8

10.3

11.7

  7. financial, real est. & professional Services

620,754

695,051

520,864

526,581

690,702

774,052

579,758

586,608

768,015

856,073

621,811

643,148

11.3

11.4

11.3

11.4

11.2

10.6

7.3

9.6

  8. Public administration, defence and other services

340,271

393,775

392,246

362,934

380,690

435,775

442,603

409,418

428,746

499,351

509,267

508,320

11.9

10.7

12.8

12.8

12.6

14.6

15.1

24.2

GVA at Basic Price

2,807,130

2,873,310

2,930,682

2,870,673

3,050,811

3,064,217

3,173,643

3,169,971

3,316,698

3,351,712

3,473,157

3,528,347

8.7

6.6

8.3

10.4

8.7

9.4

9.4

11.3

 

 

  

 

STATEMENT 7: Quarterly Estimates of Expenditures of GDP for 2016-17

                                              (at 2011-12 prices)

Item

 

(` crore)

 

RATES of GDP (%)

 

 

2015-16

 

 

 

2016-17

 

2015-16

2016-17

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

  1. Private Final Consumption Expenditure (PFCE)

 

1,453,347

1,484,050

1,602,945

1,722,032

1,575,613

1,601,797

1,780,914

1,848,300

53.3

53.6

56.4

56.6

53.6

53.8

58.6

57.3

  2. Government Final Consumption Expenditure

 

286,327

326,759

267,516

229,123

333,761

380,561

323,603

302,161

10.5

11.8

9.4

7.5

11.3

12.8

10.6

9.4

  3. Gross Fixed Capital Formation (GFCF)

 

849,973

848,892

881,093

938,488

912,768

874,494

895,740

919,040

31.2

30.6

31.0

30.8

31.0

29.4

29.5

28.5

  4. Change in Stocks

 

67,160

68,126

64,908

74,252

73,118

72,171

69,029

76,862

2.5

2.5

2.3

2.4

2.5

2.4

2.3

2.4

  5. Valuables

 

40,244

46,978

44,081

48,972

34,687

36,783

35,273

41,958

1.5

1.7

1.6

1.6

1.2

1.2

1.2

1.3

  6. Exports

 

583,423

599,072

581,297

614,896

594,947

608,293

604,510

678,256

21.4

21.6

20.4

20.2

20.2

20.4

19.9

21.0

  7. Less Imports

 

623,959

656,986

614,260

615,548

620,649

631,865

627,327

688,839

22.9

23.7

21.6

20.2

21.1

21.2

20.6

21.3

  8. Discrepancies

 

69,359

53,206

15,159

30,079

37,601

36,584

-40,978

50,689

2.5

1.9

0.5

1.0

1.3

1.2

-1.3

1.6

GDP

 

2,725,873

2,770,097

2,842,737

3,042,294

2,941,846

2,978,817

3,040,763

3,228,427

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

 

STATEMENT 8: Quarterly Estimates of Expenditures of GDP for 2016-17

                                             (at current prices)

 

(` crore)

 

                                            RATES of GDP (%)

 

 

 

 

2015-16

 

 

  &nbs