Print
XClose
Press Information Bureau
Government of India
Ministry of Statistics & Programme Implementation
28-February-2018 17:29 IST
Second Advance Estimates of National Income, 2017-18 and Quarterly estimates of Gross Domestic Product for the Third quarter (Oct-Dec), 2017-18

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the Second Advance estimates of national income at constant (2011-12) and current prices for the financial year 2017-18. These are presented in Statements 1- 4.

 

2.         Quarterly estimates of GDP for the third quarter October-December (Q3), 2017-18 both at constant (2011-12) and current prices along with the corresponding quarterly estimates of expenditure components of GDP are also being released. Quarterly estimates of previous years along with the first and second quarter estimates of 2017-18 released earlier have undergone revision in accordance with the revision policy of National Accounts. The first three quarters of a financial year are denoted by Q1, Q2 and Q3. GDP at constant (2011-12) prices in Q3 of 2017-18 is estimated at `32.50 lakh crore, as against `30.32 lakh crore in Q3 of 2016-17, showing a growth rate of 7.2 percent. GDP growth rates for Q1 and Q2 of 2017-18 at constant prices are 5.7 percent and 6.5 percent respectively. Quarterly estimates for the years 2015-16, 2016-17, and 2017-18 are presented in Statements 5 to 8.

 

3.         GDP growth rates for 2017-18 and Q1, Q2, Q3 of 2017-18 at constant (2011-12) and current prices are given below:

 

Growth Rates of GDP

 

Constant prices  (2011-12)

Current prices

Annual 2017-18 (Second advance)

6.6

9.8

Q12017-18(April-June)

5.7

9.2

Q2 2017-18(July-Sep)

6.5

10.0

Q3 2017-18(Oct-Dec)

7.2

11.9

 

4.         The Second Advance Estimates of GDP have been released in accordance with the release calendar of National Accounts. The approach for compiling the advance estimates is based on benchmark-indicator method. The Sector-wise estimates are obtained by extrapolation of  indicators like (i) Index of Industrial Production of first 9 months of the financial year, (ii) financial performance of listed companies in the private corporate sector available upto quarter ending December, 2017 (ii) Second advance estimates of crop production, (iii) accounts of  Central & State Governments, information on indicators like deposits & credits, passenger and freight earnings of railways, passengers and cargo handled by civil aviation, cargo handled at major sea ports, sales of commercial vehicles etc. available for first 9/10 months of the financial year. With the introduction of Goods and Services Tax (GST) from 1st July 2017 and consequent changes in the tax structure, the total tax revenue used for GDP compilation include non-GST revenue and GST revenue. For compiling taxes on products at constant prices, volume extrapolation is done using volume growth of taxed goods and services and aggregated to get the total volume of taxes. Annual forecast of indicators which are available for first 9/10 months is based on regression using seasonal dummies to account for seasonal fluctuations. Some indicators like IIP have been compiled by dividing the cumulative value for the first 9 months of the current financial year by average of ratio of cumulative value of 9 months to the annual value of past years.

 

I           SECOND ADVANCE ESTIMATES OF NATIONAL INCOME, 2017-18

 

  1. ESTIMATES AT CONSTANT (2011-12) PRICES

 

Gross Domestic Product

 

5.        Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2017-18 is likely to attain a level of  `130.04 lakh crore, as against the First Revised Estimate of GDP for the year 2016-17 of `121.96 lakh crore, released on 31st January 2018. The growth in GDP during 2017-18 is estimated at 6.6 percent as compared to the growth rate of 7.1 percent in 2016-17.

 

Gross Value Added (GVA) at Basic Prices

 

6.         Real GVA, i.e, GVA at basic constant prices (2011-12) is anticipated to increase from `112.48 lakh crore in 2016-17 to `119.64 lakh crore in 2017-18. Anticipated growth of real GVA at basic prices in 2017-18 is 6.4 percent as against 7.1 percent in 2016-17.

 

 

7.        The sectors which are likely to register growth rate of over 7.0 percent are ‘public administration, defence and other services’,‘trade, hotels, transport, communication and services related to broadcasting’, ‘electricity, gas, water supply and other utility services’ and 'financial, real estate and professional services’. The growth in the ‘agriculture, forestry and fishing’, ‘mining and quarrying’, ‘manufacturing’, and ‘construction’ is estimated to be 3.0 percent, 3.0 percent, 5.1 per cent and 4.3 percent respectively.

 

8.  Industry analysis

 

Agriculture

 

8.1.      The ‘agriculture, forestry and fishing’ sector is likely to show a growth rate of 3.0 percent in its GVA during 2017-18, as against the previous year’s growth rate of 6.3 percent. The GVA estimates of this sector have been compiled using the Second Advance Estimates of production of food grains for 2017-18. According to the information furnished by the Department of Agriculture and Cooperation (DAC), the production growth of food grains during the agriculture year 2017-18 was 0.9 percent as compared to 9.4 percent in the previous agriculture year. Crops including fruits and vegetables account for about 59.0 percent of GDP in ‘agriculture, forestry and fishing’ sector. Around 41.0 percent of GVA of this sector is based on the livestock products, forestry and fisheries, which is expected to register a combined growth of around 5.1 percent in 2017-18.

 

 

Mining and quarrying

 

8.2.      The growth in the GVA at basic prices for 2017-18 from ‘mining and quarrying’ sector is estimated to be 3.0 percent as compared to growth of 13.0 percent in 2016-17. The key indicators of mining sector, namely, production of coal, crude oil and natural gas registered growth rates of 1.3 percent, (-)0.4 percent, 3.4 percent during April-December, 2017-18 as compared to 1.5 percent, (-)3.2 percent and  (-)3.3 percent during April-December, 2016-17. IIP mining grew by 2.8 percent in April-December, 2017-18 as against 4.3 percent in April-December, 2016-17.  The private corporate sector growth in the mining sector was estimated using the latest available information on major listed companies during first nine months of the financial year 2017-18.

 

Manufacturing

 

8.3       The growth in the GVA at basic prices for 2017-18 from ‘manufacturing’ sector is estimated to be 5.1 percent as compared to growth of 7.9 percent in 2016-17.  The private corporate sector growth (which has a share of around 70 percent in the manufacturing sector) as estimated using available data of major listed companies was 8.1 percent at current prices during  April-December 2017-18. GVA from quasi corporate and unorganized segment (which has a share of around 21.0 percent in the manufacturing sector) has been estimated using IIP of manufacturing. IIP from manufacturing sector registered a growth rateof 3.8 percent during April-December 2017-18. The wholesale price index (WPI), in respect of the manufactured products registered a growth of 2.6 percent during April-December, 2017-18 as compared to 0.7 percent during April-December, 2016-17.

 

Electricity, gas, water supply and other utility services

 

8.4       GVA at basic prices for 2017-18 from ‘Electricity, gas, water supply and other utility services’ sector is estimated to grow by 7.3 percent as compared to growth of 9.2 percent in 2016-17. The key indicator of this sector, namely, IIP of Electricity registered a growth rate of 5.1 percent during April-December, 2017-18 as compared to growth of 6.3 percent during April-December, 2016-17.

 

Construction

 

8.5      GVA at basic prices for 2017-18 from ‘Construction’ sector is estimated to grow by 4.3 percent as compared to growth of 1.3 percent in 2016-17. Key indicators of construction sector, namely, production of cement and consumption of finished steel registered growth rates of 2.7 percent and 5.2 percent, respectively, during April-December, 2017-18 as compared to 2.8 percent and 3.6 percent respectively, during April-December 2016-17.

 

 

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

 

8.6.      GVA at basic prices for 2017-18 from this sector is estimated to grow by 8.3 percent as compared to growth of 7.2 percent in 2016-17. GVA from Trade sector is estimated using an index of turnover based on Sales tax. With introduction of GST, sales tax data is now subsumed under GST. Therefore, a comparable estimate of turnover based on sales tax has been estimated. Methodology of estimation is as explained in the Annexure to the press note on estimates of GDP for the second quarter (July-September) of 2017-18 released on 30th November, 2017. Indicator used for measuring GVA from hotels and restaurant sector is the private corporate growth in this sector. Among the other services sectors, the key indicators of railways, namely, the net tonne kilometres and passenger kilometres have shown growth rate of 5.6 per cent and (-)0.4 percent respectively during April-December 2017-18. In case of other transport sectors, passengers handled by the civil aviation, cargo handled by the civil aviation and cargo handled at major sea ports registered growth rates of 15.2 percent, 18.0 percent and 3.5 percent, respectively, during April-December of 2017-18. Sales of commercial vehicles registered 15.2 percent growth during April-December of 2017-18.

 

Financial, real estate and professional services

 

8.7       GVA at basic prices for 2017-18 from this sector is estimated to grow by 7.2 percent as compared to growth of 6.0 percent in 2016-17. Major component of this industry is the real estate and professional services which has a share of 72.0 percent. The key indicators of this sector are the quarterly growth of corporate sector for real estate sector and computer related activities which were estimated from latest available information on listed companies for the first nine months of 2017-18. As per available information as on February, 2018, key indicators of banking sector viz. aggregate bank deposits and bank credits have shown growth rates of 5.7 percent and 11.0 percent, respectively.

 

Public administration, defence and other services

 

8.8      GVA at basic prices for 2017-18 from this sector is estimated to grow by 10.1 percent as compared to growth of 10.7 percent in 2016-17. The key indicator of this sector namely, Union government revenue expenditure net of interest payments and subsidies grew by 16.7 percent during April-December, 2017-18 as compared to 21.8 percent in April-December, 2016-17.

 

Per Capita Income

 

9.         The per capita income in real terms (at 2011-12 prices) during 2017-18 is likely to attain a level of `86,689 as compared to `82,229 for the year 2016-17. The growth rate in per capita income is estimated at 5.4 percent during 2017-18, as against 5.7 per cent in the previous year.

 

10.     Price indices used as deflators

 

             The wholesale price index (WPI), in respect of the groups food articles, minerals, manufactured products and all commodities, has risen by 2.3 percent, 7.3 percent, 2.6 percent and 2.9 percent, respectively during April-December, 2017-18. The consumer price index has shown a rise of 3.3 percent during April-December, 2017-18.

 

B.      ESTIMATES AT CURRENT PRICES

 

Gross Domestic Product

 

11.       GDP is derived by adding taxes on products net of subsidies on products to GVA at basic prices. GDP at current prices in the year 2017-18 is likely to attain a level of `167.52 lakh crore, as against `152.54 lakh crore in 2016-17 showing a growth rate of 9.8 percent.

 

National Income

 

12.       The nominal Net National Income (NNI), also known as national income (at current prices) is likely to be `148.40 lakh crore during 2017-18, as against `134.93 lakh crore for the year 2016-17. In terms of growth rates, the net national income registered a growth rate of 10.0 percent in 2017-18 as against the previous year’s growth rate of 11.0 percent.

 

Per Capita Income

 

13.       The per capita net national income during 2017-18 is estimated to be `112,764 showing a rise of 8.6 percent as compared  to  `1,03,870 during 2016-17.

 

II   ANNUAL ESTIMATES OF FINAL EXPENDITURES OF GDP, 2017-18

 

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

 

Private Final Consumption Expenditure

 

15.       Private Final Consumption Expenditure (PFCE) at current prices is estimated at `98.59 lakh crore in 2017-18 as against `90.05 lakh crore in 2016-17. At constant (2011-12) prices, the PFCE is estimated at `72.25 lakh crore in 2017-18 as against `68.12 lakh crore in 2016-17. In terms of GDP, the rates of PFCE at current and constant (2011-12) prices during 2017-18 are estimated at 58.9 per cent and 55.6 percent, respectively, as against the corresponding rates of 59.0 per cent and 55.9 per cent, respectively in 2016-17.

 

Government Final Consumption Expenditure

 

16.       Government Final Consumption Expenditure (GFCE) at current prices is estimated at `19.06 lakh crore in 2017-18 as against `16.64 lakh crore in 2016-17. At constant (2011-12) prices, the GFCE is estimated at `14.00 lakh crore in 2017-18 as against `12.62 lakh crore in 2016-17. In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during 2017-18 are estimated at 11.4 percent and 10.8 percent, respectively, as against the corresponding rates of 10.9 percent and 10.3 percent, respectively in 2016-17.

 

Gross Fixed Capital Formation

17.       Gross Fixed Capital Formation (GFCF) at current prices is estimated at `47.73 lakh crore in 2017-18 as against `43.52 lakh crore in 2016-17. At constant (2011-12) prices, the GFCF is estimated at `40.87 lakh crore in 2017-18 as against `37.98 lakh crore in 2016-17. In terms of GDP, the rates of GFCF at current and constant (2011-12) prices during 2017-18 are estimated at 28.5 percent and 31.4 percent, respectively, as against the corresponding rates of 28.5 percent and 31.1 percent, respectively in 2016-17. The GFCF is expected to register growth rate of 9.7 percent at current prices and 7.6 percent at constant prices during 2017-18.

 

18.       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 2015-16, 2016-17 and 2017-18, at constant (2011-12) and current prices are given in Statements 1 to 4.

 

III   QUARTERLY ESTIMATES  OF GDP FOR THE THIRD QUARTER (OCTOBER-DECEMBER) OF 2017-18

 

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

19.       The first three quarters of a financial year are denoted by Q1, Q2 and Q3. GDP at constant (2011-12) prices in Q3 of 2017-18 is estimated at `32.50 lakh crore, as against `30.32 lakh crore in Q3 of 2016-17, showing a growth rate of 7.2 percent. GVA at basic prices at constant (2011-12) prices in Q3 of 2017-18 is estimated at `30.11 lakh crore, as against `28.21 lakh crore in Q3 of 2016-17, showing a growth rate of 6.7 percent.

20.       Growth rates in various sectors are as follows: ‘agriculture, forestry and fishing’(4.1 percent), ‘mining and quarrying’ (-0.1 percent), ‘manufacturing’ (8.1 percent), ‘electricity, gas, water supply and other utility services’ (6.1 percent) ‘construction’ (6.8 percent), ‘Trade, hotels, transport, communication and services related to broadcasting' (9.0 percent), 'financial, real estate and professional services' (6.7 percent), and ‘Public administration, defence and Other Services' (7.2 percent).

21.       The estimated growth in the index of mining, manufacturing and electricity are 0.8 percent, 7.1 percent and 3.8 percent respectively, in Q3 of 2017-18.

 

22.       The key indicators of railways, namely, the net tonne kilometers and passenger kilometers have shown growth rates of 8.6 percent and 0.2 percent, respectively in Q3 of 2017-18, as against the growth rates of (-)4.7 percent and (-)0.1 percent, in the corresponding period of previous year.  In the transport and communication sectors, the sale of commercial vehicles and cargo handled at major ports, registered growth rates of 33.9 percent and 4.0 percent respectively in Q3 of 2017-18.

 

23.       The PFCE and GFCF at constant (2011-12) prices in Q3 of 2017-18 are estimated at `19.19 lakh crore and `10.52 lakh crore, respectively. The rates of  PFCE and GFCF as percentage of GDP in Q3 of 2017-18 is 59.1 percent and 32.4 percent, respectively, as against the corresponding rates of 59.9 percent and 31.0 percent, respectively in Q3 of 2016-17. GFCE at constant (2011-12) prices in Q3 of 2017-18 is estimated at `3.23 lakh crore as against `3.04 lakh crore in Q3 of 2016-17. The rate of GFCE as percentage of GDP in Q3 of 2017-18 is 9.9 percent as against the corresponding rate of 10.0 percent in Q3 of 2016-17.

 

(b) Estimates at current prices

 

24.       GDP at current prices in Q3 of 2017-18 is estimated at `43.09 lakh crore, as against `38.50 lakh crore in Q3 of 2016-17, showing a growth rate of 11.9 percent. GVA at current basic prices in Q3 of 2017-18 is estimated at `38.98 lakh crore, as against `35.18 lakh crore in Q3 of 2016-17, showing a growth of 10.8 percent.

 

25.       The PFCE and GFCF at current prices in Q3 of 2017-18 are estimated at `26.51 lakh crore and `12.37 lakh crore, respectively. The rates of PFCE and GFCF at current prices as percentage of GDP in Q3 of 2017-18 are estimated at 61.5 percent and 28.7 percent, respectively, as against the corresponding rates of 62.6 percent and 27.9 percent, respectively in Q3 of 2016-17. GFCE at current prices in Q3 of 2017-18 is estimated at `4.47 lakh crore as against `4.04 lakh crore in Q3 of 2016-17. The rate of GFCE as percentage of GDP in Q3 of 2017-18 is 10.4 percent as against the corresponding rate of 10.5 percent in Q3 of 2016-17.

 

26.       Estimates of Gross/Net National Income and Per Capita Income along with GVA at basic prices by kind of economic activity, expenditures on GDP  for Second Advance  Estimates, third quarter (Q3) & April-December estimates for the years 2015-16, 2016-17 and 2017-18 at constant (2011-12) and current prices, are given in Statements 1 to 12.

 

27.       The next release of quarterly GDP estimate for the quarter January-March, 2018 (Q4 of 2017-18) and provisional annual estimates for the year 2017-18 will be on 31.05.2018.

 

STATEMENT 1: Second  Advance Estimates of National Income and Expenditures on GDP, 2017-18

 

( At 2011- 12 Prices)

 

(` crore)

     

(

Item

2015-16

2016-17

2017-18

Percentage change over previous year

S.No

 

( 2ndRE )

(1st RE)

(2ndAE)

2016-17

2017-18

 

Domestic Product

 

 

 

 

1

GVA at basic prices

10503348

11247629

11964479

7.1

6.4

2

Net taxes on products

882797

948376

1039417

7.4

9.6

3

GDP (1+2)

11386145

12196006

13003897

7.1

6.6

4

NDP

10119785

10826074

11546654

7.0

6.7

 

Final Expenditures

 

 

 

 

 

5

PFCE

6351137

6812334

7224982

7.3

6.1

6

GFCE

1125317

1262124

1400183

12.2

10.9

7

GFCF

3448193

3797875

4086592

10.1

7.6

8

CIS

232449

90256

93883

-61.2

4.0

9

Valuables

185417

159735

272240

-13.9

70.4

10

Exports of goods and services

2371638

2489079

2599495

5.0

4.4

11

Less Imports of goods and services

2510848

2611628

2871386

4.0

9.9

12

Discrepancies

182842

196232

197909

 

 

13

GDP

11386145

12196006

13003897

7.1

6.6

 

RATES TO GDP

 

 

 

 

 

14

PFCE

55.8

55.9

55.6

 

 

15

GFCE

9.9

10.3

10.8

 

 

            16

GFCF

30.3

31.1

31.4

 

 

17

CIS

2.0

0.7

0.7

 

 

18

Valuables

1.6

1.3

2.1

 

 

19

Exports of goods and services

20.8

20.4

20.0

 

 

20

Less Imports of goods and services

22.1

21.4

22.1

 

 

21

Discrepancies

1.6

1.6

1.5

 

 

22

GDP

100.0

100.0

100.0

 

 

23

GNI

11251420

12051525

12865461

7.1

6.8

24

NNI

9985060

10681594

11408219

7.0

6.8

 Per Capita Income, Product and Final Consumption

 

 

25

Population* (in million)

1283

1299

1316

1.2

1.3

26

Per Capita GDP (`)

88746

93888

98814

5.8

5.2

27

Per Capita GNI (`)

87696

92775

97762

5.8

5.4

28

Per Capita NNI(`)

77826

82229

86689

5.7

5.4

29

Per Capita PFCE(`)

49502

52443

54901

5.9

4.7

             

* Relates to mid-financial year

         
                             

RE: Revised estimates; AE: Advance Estimates

 

STATEMENT 2: Second Advance Estimates of National Income and Expenditures on GDP, 2017-18

 

( At Current Prices)

 

(` crore)

     

S.No

Item

2015-16

2016-17

2017-18

Percentage change over previous year

 

 

( 2ndRE )

(1st RE)

(2ndAE)

2016-17

2017-18

 

Domestic Product

 

 

 

 

1

GVA at basic prices

12566646

13841591

15166379

10.1

9.6

2

Net taxes on products

1197391

1412122

1585309

17.9

12.3

3

GDP (1+2)

13764037

15253714

16751688

10.8

9.8

4

NDP

12313813

13668987

15015286

11.0

9.8

 

Final Expenditures

 

 

 

 

 

5

PFCE

8091249

9004904

9858805

11.3

9.5

6

GFCE

1427835

1663836

1905712

16.5

14.5

7

GFCF

3918237

4352498

4772593

11.1

9.7

8

CIS

254786

100152

106598

-60.7

6.4

9

Valuables

202883

176447

271551

-13.0

53.9

10

Exports of goods and services

2728641

2946243

3160610

8.0

7.3

11

Less Imports of goods and services

3044915

3208505

3647623

5.4

13.7

12

Discrepancies

185321

218138

323440

 

 

13

GDP

13764037

15253714

16751688

10.8

9.8

 

RATES TO GDP

 

 

 

 

 

14

PFCE

58.8

59.0

58.9

 

 

15

GFCE

10.4

10.9

11.4

 

 

16

GFCF

28.5

28.5

28.5

 

 

17

CIS

1.9

0.7

0.6

 

 

18

Valuables

1.5

1.2

1.6

 

 

19

Exports of goods and services

19.8

19.3

18.9

 

 

20

Less Imports of goods and services

22.1

21.0

21.8

 

 

21

Discrepancies

1.3

1.4

1.9

 

 

22

GDP

100.0

100.0

100.0

 

 

23

GNI

13604258

15077384

16576205

10.8

9.9

24

NNI

12154034

13492657

14839803

11.0

10.0

25

GNDI

14017341

15456822

16962397

10.3

9.7

26

NNDI

12567117

13872095

15225995

10.4

9.8

 Per Capita Income, Product and Final Consumption

 

 

 

27

Per Capita GDP(`)

107280

117427

127292

9.5

8.4

28

Per Capita GNI (`)

106035

116069

125959

9.5

8.5

29

Per Capita NNI (`)

94731

103870

112764

9.6

8.6

30

Per Capita GNDI(`)

109254

118990

128894

8.9

8.3

31

Per Capita PFCE(`)

63065

69322

74915

9.9

8.1

             

* Relates to mid-financial year

         
                     

RE: Revised estimates AE: Advance Estimates

 

 

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

(At 2011-12 prices)

(` crore)

   

Industry

2015-16

( 2nd RE )

2016-17

(1st RE)

2017-18

( 2ndAE)

Percentage change over previous year

     

2016-17

2017-18

1. Agriculture, forestry & fishing

1,615,216

1,716,746

1,767,397

6.3

3.0

2. Mining & quarrying

328,453

371,066

382,204

13.0

3.0

3. Manufacturing

1,898,790

2,048,711

2,153,147

7.9

5.1

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

224,198

244,934

262,923

9.2

7.3

5. Construction

866,440

878,110

915,878

1.3

4.3

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

1,993,627

2,137,102

2,313,932

7.2

8.3

7.  Financial,  real estate  &  professional  services

2,299,913

2,437,857

2,612,670

6.0

7.2

8.  Public administration, defence  and Other Services

1,276,710

1,413,103

1,556,327

10.7

10.1

 GVA  at  Basic Price

10,503,348

11,247,629

11,964,479

7.1

6.4

               

 

 

 

 

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

(At current prices)

(` crore)

   

Industry

2015-16

( 2nd RE )

2016-17

(1st RE)

2017-18

( 2ndAE)

Percentage change over previous year

     

2016-17

2017-18

1. Agriculture, forestry & fishing

2,225,368

2,484,005

2,588,180

11.6

4.2

2. Mining & quarrying

301,230

332,947

377,197

10.5

13.3

3. Manufacturing

2,116,119

2,329,220

2,512,008

10.1

7.8

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

336,978

363,482

388,080

7.9

6.8

5. Construction

992,298

1,028,463

1,104,185

3.6

7.4

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

2,303,249

2,521,813

2,821,490

9.5

11.9

7.  Financial,  real estate  &  professional  services

2,631,284

2,857,322

3,173,667

8.6

11.1

8.  Public administration, defence  and Other Services

1,660,120

1,924,339

2,201,573

15.9

14.4

9.  GVA at Basic Price

12,566,646

13,841,591

15,166,379

10.1

9.6

             

 

 

RE: Revised estimates AE: Advance Estimates

RE: Revised estimates AE: Advance Estimates

 

 

 

 

 

STATEMENT 5: QUARTERLY ESTIMATE OF GVA AT BASIC PRICES FOR OCTOBER-DECEMBER (Q3) OF 2017-18

(at 2011-12  prices)

 

GVA  AT BASIC PRICES (`crore)

PER CENTAGE CHANGE OVER PREVIOUS YEAR

Industry

2015-16

2016-17

2017-18

2016-17

2017-18

 

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

1. Agriculture, forestry & fishing

371195

307722

511119

386986

324733

549517

397374

333611

572227

4.3

5.5

7.5

2.7

2.7

4.1

2. Mining & quarrying

89728

65773

78536

99129

71728

88068

100885

76797

88010

10.5

9.1

12.1

1.8

7.1

-0.1

3. Manufacturing

464777

471426

449199

510673

507701

485508

501621

542538

524783

9.9

7.7

8.1

-1.8

6.9

8.1

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

55242

57858

55210

62114

61945

60480

66537

66717

64171

12.4

7.1

9.5

7.1

7.7

6.1

5. Construction

218498

206034

216686

225077

213851

222748

228497

219868

237951

3.0

3.8

2.8

1.5

2.8

6.8

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

475423

467887

484591

517644

501747

520711

561341

548332

567487

8.9

7.2

7.5

8.4

9.3

9.0

7.  Financial,  real estate  &  professional  services

596365

671733

507259

659189

727192

521674

717564

773517

556847

10.5

8.3

2.8

8.9

6.4

6.7

8.  Public administration, defence  and Other Services

291784

332806

336926

314250

359272

372659

355783

379216

399468

7.7

8.0

10.6

13.2

5.6

7.2

  GVA at Basic Price

2563013

2581239

2639526

2775063

2768167

2821365

2929601

2940596

3010942

8.3

7.2

6.9

5.6

6.2

6.7

 

STATEMENT 6: QUARTERLY ESTIMATE OF GVA AT BASIC PRICES FOR (Q3) OCTOBER-DECEMBER OF 2017-18

(at current prices)

 

GVA AT BASIC PRICES (`crore)

PER CENTAGE CHANGE OVER PREVIOUS YEAR

Industry

2015-16

2016-17

2017-18

2016-17

2017-18

 

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

1. Agriculture, forestry & fishing

498985

423576

720632

563170

475789

799163

564735

496456

862183

12.9

12.3

10.9

0.3

4.3

7.9

2. Mining & quarrying

92155

62847

70822

83403

61720

78514

94587

71155

87824

-9.5

-1.8

10.9

13.4

15.3

11.9

3. Manufacturing

523083

526395

498978

575041

574997

553186

579836

629541

613613

9.9

9.2

10.9

0.8

9.5

10.9

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

84143

87635

82124

90327

91141

90793

97393

97823

95993

7.3

4.0

10.6

7.8

7.3

5.7

5. Construction

253525

237344

248409

260680

250158

261113

270737

264202

289344

2.8

5.4

5.1

3.9

5.6

10.8

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

555854

544061

560833

602741

590614

615164

672504

665755

697590

8.4

8.6

9.7

11.6

12.7

13.4

7.  Financial,  real estate  &  professional  services

692081

775179

578501

767018

855853

609134

860861

942900

679636

10.8

10.4

5.3

12.2

10.2

11.6

8.  Public administration, defence  and Other Services

371188

433111

442664

421386

490842

510790

492958

536860

571665

13.5

13.3

15.4

17.0

9.4

11.9

GVA at Basic Price

3071014

3090148

3202962

3363766

3391115

3517857

3633610

3704691

3897847

9.5

9.7

9.8

8.0

9.2

10.8

 

STATEMENT 7: QUARTERLY ESTIMATES OF FINAL EXPENDITURES OF GDP FOR OCTOBER-DECEMBER (Q3) OF 2017-18

(at 2011-12  prices)

 

 

GDP  (`crore)

Rates of GDP (%)

 

Item

2015-16

2016-17

2017-18

2016-17

2017-18

 

 

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

 

  1. Private Final Consumption Expenditure (PFCE)

1473402

1507162

1662816

1595219

1619781

1817549

1700954

1726102

1919011

54.0

54.3

59.9

54.5

54.3

59.1

 

  1. Government Final Consumption Expenditure (GFCE)

289915

333113

270997

313990

360466

304372

367593

370968

322815

10.6

12.1

10.0

11.8

11.7

9.9

 

  1. Gross Fixed Capital Formation    (GFCF)

828440

833430

863724

960255

921132

938951

975540

984887

1051930

32.5

30.9

31.0

31.3

31.0

32.4

 

  1. Change in Stocks(CIS)

56898

57712

54991

22498

22367

21389

21872

23656

22882

0.8

0.7

0.7

0.7

0.7

0.7

 

  1. Valuables

41359

48346

45368

37008

39255

37644

83443

61439

52994

1.3

1.3

1.2

2.7

1.9

1.6

 

  1. Exports

582778

597409

579000

603715

612021

617872

639149

651790

633271

20.4

20.5

20.4

20.5

20.5

19.5

 

  1. Less Imports

624706

657024

613748

625621

654228

675543

725734

689446

734228

21.2

21.9

22.3

23.3

21.7

22.6

 

  1. Discrepancies

84041

52120

-23145

46358

62743

-30143

58041

46855

-19115

1.6

2.1

-1.0

1.9

1.5

-0.6

 

      GDP

2732125

2772268

2840003

2953421

2983537

3032091

3120859

3176251

3249560

100.0

100.0

100.0

100.0

100.0

100.0

 

GDP (Per centage change over previous year)

 

 

 

 

 

 

5.7

6.5

7.2

 

 

 

 

 

 

 

 

STATEMENT 8:  QUARTERLY ESTIMATES OF FINAL EXPENDITURES OF GDP FOR OCTOBER-DECEMBER (Q3) OF 2017-18

(at current prices)

 

GDP (`crore)

Rates of GDP (%)

Item

2015-16

2016-17

2017-18

2016-17

2017-18

 

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

  1. Private Final Consumption Expenditure (PFCE)

1859358

1923421

2134770

2082484

2146473

2409544

2269425

2352356

2651068

57.9

57.8

62.6

57.8

57.5

61.5

  1. Government Final Consumption Expenditure (GFCE)

361496

423196

347834

407970

477261

403501

488281

505518

446627

11.3

12.8

10.5

12.4

12.4

10.4

  1. Gross Fixed Capital Formation (GFCF)

952232

950652

982084

1089771

1048896

1072827

1128984

1146421

1237320

30.3

28.2

27.9

28.7

28.0

28.7

  1. Change in Stocks(CIS)

62980

63379

60078

24726

24724

23786

24606

26715

26039

0.7

0.7

0.6

0.6

0.7

0.6

  1. Valuables

46071

52017

51262

40534

46975

45590

86408

62364

59536

1.1

1.3

1.2

2.2

1.5

1.4

  1. Exports

671292

687099

677376

704192

720269

742693

760272

786720

789546

19.6

19.4

19.3

19.3

19.2

18.3

  1. Less Imports

757976

795275

758570

757439

797968

844678

901331

868306

959291

21.0

21.5

21.9

22.9

21.2

22.3

  1. Discrepancies

46238

49604

-19906

6254

48717

-2999

73088

76501

57798

0.2

1.3

-0.1

1.9

1.9

1.3

      GDP

3241692

3354093

3474928

3598492

3715346

3850265

3929733

4088288

4308642

100.0

100.0

100.0

100.0

100.0

100.0

GDP (Percentage change over previous year)

 

 

 

 

 

 

9.2

10.0

11.9

 

 

 

 

 

 

                                                                 

 

 

STATEMENT 9: ESTIMATES OF GVA AT BASIC PRICES IN

APRIL-DECEMBER OF 2017-18

(at 2011-12 prices)

(`crore)

Industry

2015-16

( 2nd RE )

2016-17

(1st RE)

2017-18

( 2ndAE)

Percentage change

Over previous year

2016-17

2017-18

1. Agriculture, forestry & fishing

1190037

1261237

1303212

6.0

3.3

2. Mining & quarrying

234037

258926

265692

10.6

2.6

3. Manufacturing

1385402

1503881

1568942

8.6

4.3

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

168310

184539

197424

9.6

7.0

5. Construction

641218

661676

686315

3.2

3.7

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

1427901

1540102

1677160

7.9

8.9

7.  Financial,  real estate  &  professional  services

1775356

1908054

2047928

7.5

7.3

8.  Public administration, defence  and Other Services

961516

1046180

1134467

8.8

8.4

GVA at Basic Price

7783777

8364596

8881139

7.5

6.2

RE: Revised estimates; AE: Advance Estimates

 

 

 

STATEMENT 10: ESTIMATES OF EXPENDITURES OF GDP IN

APRIL-DECEMBER OF 2017-18

(at 2011-12 prices)

(`crore)

Item

2015-16

( 2nd RE )

2016-17

(1st RE)

2017-18

( 2ndAE)

Rates of GDP at (%)

2016-17

2017-18

  1. Private Final Consumption Expenditure

4643380

5032550

5346067

56.1

56.0

  1. Government Final Consumption Expenditure

894025

978828

1061376

10.9

11.1

  1. Gross Fixed Capital Formation

2525595

2820338

3012357

31.4

31.6

  1. Change in Stocks

169600

66253

68410

0.7

0.7

  1. Valuables

135073

113907

197875

1.3

2.1

  1. Exports

1759186

1833609

1924210

20.4

20.2

  1. Less Imports

1895478

1955393

2149408

21.8

22.5

  1. Discrepancies

113015

78958

85781

0.9

0.9

      GDP

8344395

8969049

9546669

100.0

100.0

GDP (Percentage change over previous year)

 

7.5

6.4

 

 

RE: Revised estimates; AE: Advance Estimates

 

 

 

 

STATEMENT 11: ESTIMATES OF GVA AT BASIC PRICE IN

APRIL-DECEMBER OF 2017-18

(at current prices)

(`crore)

Industry

2015-16

( 2nd RE )

2016-17

(1st RE)

2017-18

( 2ndAE)

Percentage change

over previous year

2016-17

2017-18

1. Agriculture, forestry & fishing

1643192

1838122

1923373

11.9

4.6

2. Mining & quarrying

225824

223638

253565

-1.0

13.4

3. Manufacturing

1548456

1703224

1822990

10.0

7.0

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

253902

272260

291209

7.2

7.0

5. Construction

739277

771951

824282

4.4

6.8

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

1660748

1808519

2035849

8.9

12.6

7.  Financial,  real estate  &  professional  services

2045761

2232005

2483397

9.1

11.3

8.  Public administration, defence  and Other Services

1246963

1423018

1601484

14.1

12.5

GVA at Basic Price

9364123

10272737

11236149

9.7

9.4

 

RE: Revised estimates; AE: Advance Estimates

 

STATEMENT 12: ESTIMATES OF EXPENDITURES OF GDP

IN APRIL-DECEMBER OF 2017-18

(at current prices)

(` crore)

 

Item

2015-16

( 2nd RE )

2016-17

(1st RE)

2017-18

( 2ndAE)

Rates of GDP at (%)

2016-17

2017-18

  1. Private Final Consumption Expenditure

5917550

6638501

7272848

59.5

59.0

  1. Government Final Consumption Expenditure

1132526

1288732

1440426

11.5

11.7

  1. Gross Fixed Capital Formation

2884968

3211494

3512724

28.8

28.5

  1. Change in Stocks

186438

73236

77359

0.7

0.6

  1. Valuables

149350

133099

208308

1.2

1.7

  1. Exports

2035767

2167154

2336538

19.4

19.0

  1. Less Imports

2311820

2400085

2728928

21.5

22.1

  1. Discrepancies

75936

51972

207387

0.5

1.7

      GDP

10070714

11164103

12326663

100.0

100.0

GDP (Percentage change over previous year)

 

10.9

10.4

 

 

 

RE: Revised estimates; AE: Advance Estimates