Second Advance Estimates of National Income, 2019-20 and Quarterly Estimates of Gross Domestic Product for the Third Quarter (Oct-Dec), 2019-20

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Press Information Bureau
Government of India
Ministry of Statistics & Programme Implementation
28 FEB 2020 5:30PM by PIB Delhi

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the Second Advance Estimates of National Income, 2019-20 as well as Quarterly Estimates of GDP for the quarter October-December (Q3), 2019-20 along with the corresponding quarterly estimates of expenditure components of GDP both at Constant (2011-12) and Current Prices.

2. The Second Advance Estimates for 2019-20 has been released in accordance with the release calendar of National Accounts. Quarterly Estimates of previous years along with the first and second quarter estimates of 2019-20 released earlier have undergone revision in accordance with the revision policy of National Accounts.

3. 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 (IIP) of first 9 months of the financial year, (ii) financial performance of Listed Companies in the Private Corporate Sector available upto quarter ending December, 2019 (iii) Second Advance Estimates of Crop Production, (iv) Accounts of Central & State Governments, besides 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 1^st July 2017 and consequent changes in the tax structure, the total Tax Revenue used for GDP compilation includes Non-GST Revenue and GST Revenue. For obtaining 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 first 9 months to the annual value of past years.

4. Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2019-20 is estimated to attain a level of ₹ 146.84 lakh crore, as against the First Revised Estimate of GDP for the year 2018-19 of ₹ 139.81 lakh crore, released on 31^st January 2020. The growth in GDP during 2019-20 is estimated at 5.0 percent as compared to 6.1 percent in 2018-19.

5. GDP at Current Prices in the year 2019-20 is estimated to attain a level of ₹ 203.85 lakh crore, as against ₹ 189.71 lakh crore in 2018-19, showing a growth rate of 7.5 percent.

6. The Per Capita Income in real terms (at 2011-12 Prices) during 2019-20 is estimated to attain a level of ₹ 95,706 as compared to ₹ 92,085 in the year 2018-19, giving a growth of 3.9 percent during 2019-20, as against 4.8 per cent in the previous year. The Per Capita Income at current prices during 2019-20 is estimated to be ₹ 134,432, showing a rise of 6.3 percent as compared to ₹ 1,26,521 during 2018-19.

7. GDP at Constant (2011-12) Prices in Q3 of 2019-20 is estimated at ₹ 36.65 lakh crore, as against ₹ 35.00 lakh crore in Q3 of 2018-19, showing a growth of 4.7 percent.

8. Changes in the main indicators used in the estimation are listed below:

Major Indicators	Annual		Quarterly
Major Indicators	Apr-Dec 2018-19	Apr-Dec 2019-20	Q3 2018-19	Q3 2019-20
Production of Coal	7.9	-3.8	5.1	-4.3
Production of Crude Oil	-3.7	-6.0	-4.3	-6.2
Production of Natural Gas	-0.2	-3.2	1.5	-6.6
Production of Cement	13.9	0.7	12.9	0.6
Consumption of Steel	9.1	3.5	8.2	0.3
Sales of Commercial Vehicles	25.9	-21.1	6.7	-17.3
Cargo Handled at Major Sea Ports	3.8	1.0	1.4	0.1
Cargo Handled at Airports	3.8	-7.5	2.2	-7.2
Passengers Handled at Airports	14.5	1.8	10.7	4.6
Railways
(i) Net Tonne Kilometers	6.9	-3.6	5.7	-4.7
(ii) Passenger Kilometers	-0.6	-1.1	-2.4	-1.0
Aggregate Bank Deposits	7.9	9.8	8.9	9.7
Aggregate Bank Credits	12.4	9.2	13.9	7.0
CPI General Index	3.7	4.1	2.6	5.8
IIP
(i) Mining	3.1	0.6	2.8	-0.2
(ii) Manufacturing	4.7	0.5	3.4	-0.3
(iii) Electricity	6.4	0.7	6.9	-6.0
(iv) Metallic Minerals	6.6	14.7	6.8	12.4
WPI
(i) Food Articles	-0.8	8.6	-1.7	11.4
(ii) Minerals	11.8	14.1	17.7	4.3
(iii) Manufactured Products	4.1	0.2	4.1	-0.7
(iv) All Commodities	4.7	1.5	4.5	1.0

9. 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 30^th November, 2017.

10. 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 2017-18, 2018-19 and 2019-20 at Constant (2011-12) and Current Prices, along with percent changes and applicable rates, are given in Statements 1 to 12.

11. The next release of quarterly GDP estimates for the quarter January-March, 2020 (Q4 of 2019-20) and Provisional Annual Estimates for the year 2019-20 will be on 29.05.2020.

STATEMENT 1: Second Advance Estimates of National Income and Expenditures of GDP, 2019-20
	( At 2011- 12 Prices)				(₹ crore)
(	Item		2017-18		2018-19		2019-20	Percentage change over previous year
S.No			( 2^ndRE )		(1^st RE)		(2^ndAE)	2018-19		2019-20
	Domestic Product
1	GVA at Basic Prices		12,074,413		12,803,128		13,434,606	6.0	4.9
2	Net Taxes on Products		1,100,747		1,178,298		1,249,229	7.0	6.0
3	GDP (1+2)		13,175,160		13,981,426		14,683,835	6.1	5.0
4	NDP		11,686,409		12,372,051		12,995,082	5.9	5.0
	Final Expenditures
5	PFCE		7,379,819		7,908,057		8,330,242
6	GFCE		1,343,222		1,478,565		1,623,700
7	GFCF		4,061,195		4,460,967		4,433,674
8	CIS		215,795		264,415		270,122
9	Valuables		192,661		169,734		192,629
10	Exports of Goods and Services		2,601,777		2,922,543		2,866,580
11	Imports of Goods and Services		3,078,132		3,342,777		3,159,868
12	Discrepancies		458,823		119,923		126,756
13	GDP		13,175,160		13,981,426		14,683,835
	Rates to GDP
14	PFCE		56.0		56.6		56.7
15	GFCE		10.2		10.6		11.1
16	GFCF		30.8		31.9		30.2
17	CIS		1.6		1.9		1.8
18	Valuables		1.5		1.2		1.3
19	Exports of Goods and Services		19.7		20.9		19.5
20	Imports of Goods and Services		23.4		23.9		21.5
21	Discrepancies		3.5		0.9		0.9
22	GDP		100.0		100.0		100.0
	National Product
23	GNI		13,029,307		13,829,068		14,522,931	6.1	5.0
24	NNI		11,540,556		12,219,693		12,834,178	5.9	5.0
Per Capita Income, Product and Final Consumption
25	Population* (in million)	1314		1327		1341		1.0	1.1
26	Per Capita GDP (₹)	100,268		105,361		109,499		5.1	3.9
27	Per Capita GNI (₹)	99,158		104,213		108,299		5.1	3.9
28	Per Capita NNI(₹)	87,828		92,085		95,706		4.8	3.9
29	Per Capita PFCE(₹)	56,163		59,594		62,120		6.1	4.2
* Relates to mid-financial year

RE: Revised estimates; AE: Advance Estimates

STATEMENT 2: Second Advance Estimates of National Income and Expenditures on GDP, 2019-20
	( At Current Prices)		(₹ crore)
S.No	Item	2017-18	2018-19			2019-20	Percentage change over previous year
		( 2^ndRE )	(1^st RE)			(2^ndAE)	2018-19		2019-20
	Domestic Product
1	GVA at Basic Prices	15,513,122	17,139,962			18,493,686	10.5	7.9
2	Net taxes on products	1,585,182	1,831,275			1,891,073	15.5	3.3
3	GDP (1+2)	17,098,304	18,971,237			20,384,759	11.0	7.5
4	NDP	15,334,357	16,991,613			18,248,783	10.8	7.4
	Final Expenditures
5	PFCE	10,090,759	11,254,014			12,279,252
6	GFCE	1,838,117	2,104,235			2,398,843
7	GFCF	4,799,139	5,493,320			5,595,778
8	CIS	251,062	320,076			339,252
9	Valuables	219,322	200,184			224,006
10	Exports of Goods and Services	3,211,521	3,766,294			3,804,197
11	Imports of Goods and Services	3,751,389	4,468,166			4,353,485
12	Discrepancies	439,775	301,280			96,917
13	GDP	17,098,304	18,971,237			20,384,759
	Rates to GDP
14	PFCE	59.0	59.3			60.2
15	GFCE	10.8	11.1			11.8
16	GFCF	28.1	29.0			27.5
17	CIS	1.5	1.7			1.7
18	Valuables	1.3	1.1			1.1
19	Exports of Goods and Services	18.8	19.9			18.7
20	Imports of Goods and Services	21.9	23.6			21.4
21	Discrepancies	2.6	1.6			0.5
22	GDP	100.0	100.0			100.0
	National Product
23	GNI	16,913,491	18,768,912			20,163,263	11.0	7.4
24	NNI	15,149,545	16,789,288			18,027,287	10.8	7.4
25	GNDI	17,319,231	19,262,652			20,675,229	11.2	7.3
26	NNDI	15,555,285	17,283,028			18,539,253	11.1	7.3
Per Capita Income, Product and Final Consumption
27	Per Capita GDP(₹)	130,124		142,963	152,012		9.9	6.3
28	Per Capita GNI (₹)	128,718		141,439	150,360		9.9	6.3
29	Per Capita NNI (₹)	115,293		126,521	134,432		9.7	6.3
30	Per Capita GNDI(₹)	131,805		145,159	154,178		10.1	6.2
31	Per Capita PFCE(₹)	76,794		84,808	91,568		10.4	8.0

RE: Revised estimates; AE: Advance Estimates

STATEMENT 3: Second Advance Estimates of GVA at Basic Prices by Economic Activity
(At 2011-12 prices) (₹ crore)

Industry	2017-18	2018-19	2019-20	Percentage change over previous year
Industry	( 2^nd RE )	(1^st RE)	( 2^ndAE)	2018-19	2019-20
1. Agriculture, Forestry & Fishing	1,828,329	1,872,339	1,940,811	2.4	3.7
2. Mining & Quarrying	366,496	345,069	354,748	-5.8	2.8
3. Manufacturing	2,190,791	2,316,643	2,336,365	5.7	0.9
4. Electricity, Gas, Water Supply & other Utility Services	274,104	296,560	310,275	8.2	4.6
5. Construction	962,009	1,020,314	1,050,533	6.1	3.0
6. Trade, Hotels, Transport, Communication and Services related to Broadcasting	2,309,860	2,488,049	2,627,439	7.7	5.6
7. Financial, Real Estate & Professional Services	2,609,016	2,786,855	2,989,960	6.8	7.3
8. Public Administration, Defence and other Services	1,533,809	1,677,298	1,824,473	9.4	8.8
GVA at Basic Prices	12,074,413	12,803,128	13,434,606	6.0	4.9

RE: Revised estimates; AE: Advance Estimates

STATEMENT 4: Second advance Estimates of GVA at Basic Prices by Economic Activity
(At Current Prices) (₹ crore)

Industry	2017-18 ( 2^nd RE )	2018-19 (1^st RE)	2019-20 ( 2^ndAE)	Percentage change over previous year
Industry				2018-19	2019-20
1. Agriculture, Forestry & Fishing	2,796,908	2,922,846	3,254,345	4.5	11.3
2. Mining & Quarrying	357,788	389,322	391,553	8.8	0.6
3. Manufacturing	2,546,608	2,766,767	2,797,232	8.6	1.1
4. Electricity, Gas, Water Supply & other Utility Services	425,101	456,413	475,658	7.4	4.2
5. Construction	1,197,931	1,344,279	1,407,491	12.2	4.7
6. Trade, Hotels, Transport, Communication and Services related to Broadcasting	2,812,706	3,142,620	3,381,927	11.7	7.6
7. Financial, Real Estate & Professional Services	3,206,559	3,622,130	3,930,234	13.0	8.5
8. Public Administration, Defence and other Services	2,169,522	2,495,584	2,855,246	15.0	14.4
GVA at Basic Prices	15,513,122	17,139,962	18,493,686	10.5	7.9

RE: Revised estimates; AE: Advance Estimates

STATEMENT 5: QUARTERLY ESTIMATE OF GVA AT BASIC PRICES FOR OCTOBER-DECEMBER (Q3) OF 2019-20 *(at 2011-12 Prices)*
	GVA AT BASIC PRICES (₹ crore)									PERCENTAGE CHANGE OVER PREVIOUS YEAR
Industry	2017-18			2018-19			2019-20			2018-19			2019-20
	Q1	Q2	Q3	Q1	Q2	Q3	Q1	Q2	Q3	Q1	Q2	Q3	Q1	Q2	Q3
1. Agriculture, Forestry & Fishing	411,366	346,486	577,270	427,177	355,283	588,679	439,248	366,429	609,105	3.8	2.5	2.0	2.8	3.1	3.5
2. Mining & Quarrying	95,649	75,002	86,635	88,634	69,723	82,797	92,777	69,890	85,429	-7.3	-7.0	-4.4	4.7	0.2	3.2
3. Manufacturing	507,569	548,729	532,956	561,875	579,649	560,719	574,411	577,184	559,335	10.7	5.6	5.2	2.2	-0.4	-0.2
4. Electricity, Gas, Water Supply & other Utility Services	69,504	69,698	66,968	74,998	76,567	73,338	81,628	79,525	72,817	7.9	9.9	9.5	8.8	3.9	-0.7
5. Construction	234,844	226,098	243,408	249,913	237,907	259,449	263,653	244,863	260,170	6.4	5.2	6.6	5.5	2.9	0.3
6. Trade, Hotels, Transport, Communication and Services related to Broadcasting	561,803	544,822	565,597	609,330	587,337	609,595	644,224	621,153	645,479	8.5	7.8	7.8	5.7	5.8	5.9
7. Financial, Real Estate & Professional Services	715,262	766,707	562,903	757,850	816,260	599,505	810,500	873,813	643,389	6.0	6.5	6.5	6.9	7.1	7.3
8. Public Administration, Defence and other Services	356,199	385,050	400,441	387,589	419,300	432,842	421,191	461,487	474,947	8.8	8.9	8.1	8.7	10.1	9.7
GVA at Basic Prices	2,952,197	2,962,592	3,036,177	3,157,366	3,142,027	3,206,925	3,327,632	3,294,343	3,350,669	6.9	6.1	5.6	5.4	4.8	4.5

STATEMENT 6: QUARTERLY ESTIMATE OF GVA AT BASIC PRICES FOR (Q3) OCTOBER-DECEMBER OF 2019-20 *(at Current Prices)*
	GVA AT BASIC PRICES (₹ crore)									PER CENTAGE CHANGE OVER PREVIOUS YEAR
Industry	2017-18			2018-19			2019-20			2018-19			2019-20
	Q1	Q2	Q3	Q1	Q2	Q3	Q1	Q2	Q3	Q1	Q2	Q3	Q1	Q2	Q3
1. Agriculture, Forestry & Fishing	614,682	544,703	903,485	655,799	560,416	924,273	710,818	605,633	1,050,517	6.7	2.9	2.3	8.4	8.1	13.7
2. Mining & Quarrying	89,447	69,310	86,182	98,202	80,476	97,355	104,931	76,843	93,683	9.8	16.1	13.0	6.9	-4.5	-3.8
3. Manufacturing	583,784	633,546	620,420	664,844	692,530	673,890	689,566	689,193	667,691	13.9	9.3	8.6	3.7	-0.5	-0.9
4. Electricity, Gas, Water Supply & other Utility Services	106,824	107,304	103,950	113,836	118,456	113,804	124,693	122,490	112,504	6.6	10.4	9.5	9.5	3.4	-1.1
5. Construction	287,451	280,664	305,759	324,955	314,756	345,528	352,015	326,837	350,129	13.0	12.1	13.0	8.3	3.8	1.3
6. Trade, Hotels, Transport, Communication and Services related to Broadcasting	672,181	661,102	694,315	758,987	744,890	778,223	825,019	796,270	834,639	12.9	12.7	12.1	8.7	6.9	7.2
7. Financial, Real Estate & Professional Services	867,582	944,159	696,275	974,229	1,068,600	785,893	1,063,622	1,147,417	848,187	12.3	13.2	12.9	9.2	7.4	7.9
8. Public Administration, Defence and other Services	492,027	544,308	573,664	565,871	623,661	649,806	643,626	718,595	753,376	15.0	14.6	13.3	13.7	15.2	15.9
GVA at Basic Prices	3,713,978	3,785,096	3,984,050	4,156,723	4,203,786	4,368,772	4,514,290	4,483,279	4,710,725	11.9	11.1	9.7	8.6	6.6	7.8

STATEMENT 7: QUARTERLY ESTIMATES OF FINAL EXPENDITURES OF GDP FOR OCTOBER-DECEMBER (Q3) OF 2019-20 *(at 2011-12 Prices)*
		GDP (₹ crore)																Rates of GDP (%)
Item		2017-18						2018-19					2019-20					2018-19							2019-20
		Q1		Q2		Q3		Q1	Q2			Q3	Q1		Q2	Q3		Q1		Q2		Q3		Q1		Q2		Q3
Private Final Consumption Expenditure (PFCE)		1,769,688		1,750,056		1,911,901		1,889,008	1,903,853			2,046,415	1,983,491		2,010,993	2,166,235		56.2		55.5		58.5		55.9		55.8		59.1
Government Final Consumption Expenditure (GFCE)		362,769		367,882		319,547		393,709	407,780			341,988	428,390		461,585	382,338		11.7		11.9		9.8		12.1		12.8		10.4
Gross Fixed Capital Formation (GFCF)		958,859		967,190		1,014,300		1,082,670	1,077,942			1,130,201	1,129,470		1,033,344	1,071,887		32.2		31.4		32.3		31.8		28.6		29.2
Change in Stocks (CIS)		49,996		54,050		52,497		64,131	66,159			63,999	66,411		66,732	64,668		1.9		1.9		1.8		1.9		1.8		1.8
Valuables		62,905		46,317		39,512		41,080	44,629			39,252	49,519		49,919	41,824		1.2		1.3		1.1		1.4		1.4		1.1
Exports		627,176		639,543		646,620		686,695	719,352			748,505	708,771		703,973	707,407		20.4		21.0		21.4		20.0		19.5		19.3
Imports		764,217		724,965		775,281		808,933	860,843			853,085	826,018		780,388	757,896		24.1		25.1		24.4		23.3		21.6		20.7
Discrepancies		69,397		132,000		105,705		10,803	73,679			-17,242	7,482		61,000	-11,460		0.3		2.1		-0.5		0.2		1.7		-0.3
GDP		3,136,572		3,232,072		3,314,801		3,359,162	3,432,553			3,500,033	3,547,516		3,607,157	3,665,003		100.0		100.0		100.0		100.0		100.0		100.0
*GDP (Percentage change over previous year)***								7.1	6.2			5.6	5.6		5.1	4.7
STATEMENT 8: QUARTERLY ESTIMATES OF FINAL EXPENDITURES OF GDP FOR OCTOBER-DECEMBER (Q3) OF 2019-20 *(at Current Prices)*
	GDP (₹crore)																		Rates of GDP (%)
Item	2017-18						2018-19							2019-20					2018-19						2019-20
	Q1		Q2		Q3		Q1			Q2	Q3			Q1	Q2		Q3		Q1		Q2		Q3		Q1		Q2		Q3
Private Final Consumption Expenditure (PFCE)	2,364,495		2,388,433		2,644,908		2,652,987			2,719,933	2,935,849			2,871,998	2,948,205		3,235,532		58.3		58.5		60.9		58.2		59.6		62.4
Government Final Consumption Expenditure (GFCE)	484,130		503,668		444,182		552,100			583,113	491,354			619,082	679,385		575,495		12.1		12.5		10.2		12.6		13.7		11.1
Gross Fixed Capital Formation (GFCF)	1,121,612		1,137,048		1,205,929		1,318,447			1,326,413	1,402,779			1,419,258	1,302,732		1,356,603		29.0		28.5		29.1		28.8		26.3		26.1
Change in Stocks(CIS)	57,553		62,459		61,165		76,913			80,116	77,959			83,631	83,586		80,978		1.7		1.7		1.6		1.7		1.7		1.6
Valuables	73,885		53,325		49,427		47,431			52,875	52,779			54,194	60,388		55,876		1.0		1.1		1.1		1.1		1.2		1.1
Exports	758,515		784,765		817,205		870,374			924,645	983,152			926,505	920,657		962,995		19.1		19.9		20.4		18.8		18.6		18.6
Imports	912,523		877,555		970,030		1,063,713			1,146,295	1,164,360			1,120,801	1,057,499		1,075,289		23.4		24.7		24.2		22.7		21.4		20.7
Discrepancies	59,787		119,978		73,318		96,685			107,030	37,900			77,083	7,590		-3,327		2.1		2.3		0.8		1.6		0.2		-0.1
GDP	4,007,453		4,172,122		4,326,105		4,551,224			4,647,831	4,817,413			4,930,951	4,945,045		5,188,863		100.0		100.0		100.0		100.0		100.0		100.0
*GDP (Percentage change over previous year)***							13.6			11.4	11.4			8.3	6.4		7.7

STATEMENT 9: ESTIMATES OF GVA AT BASIC PRICES IN

APRIL-DECEMBER OF 2019-20

(at 2011-12 Prices)

(₹ crore)

Industry	2017-18 ( 2^nd RE )	2018-19 (1^st RE)	2019-20 ( 2^ndAE)	Percentage change Over previous year
Industry	2017-18 ( 2^nd RE )	2018-19 (1^st RE)	2019-20 ( 2^ndAE)	2018-19	2019-20
1. Agriculture, Forestry & Fishing	1,335,122	1,371,140	1,414,782	2.7	3.2
2. Mining & Quarrying	257,286	241,155	248,096	-6.3	2.9
3. Manufacturing	1,589,254	1,702,243	1,710,930	7.1	0.5
4. Electricity, Gas, Water Supply & other Utility Services	206,170	224,904	233,969	9.1	4.0
5. Construction	704,349	747,269	768,686	6.1	2.9
6. Trade, Hotels, Transport, Communication and Services related to Broadcasting	1,672,222	1,806,263	1,910,855	8.0	5.8
7. Financial, Real Estate & Professional Services	2,044,872	2,173,614	2,327,701	6.3	7.1
8. Public Administration, Defence and other Services	1,141,691	1,239,731	1,357,626	8.6	9.5
GVA at Basic Prices	8,950,966	9,506,318	9,972,644	6.2	4.9

RE: Revised estimates; AE: Advance Estimates

STATEMENT 10: ESTIMATES OF EXPENDITURES OF GDP IN

APRIL-DECEMBER OF 2019-20

(at 2011-12 Prices)

(₹ crore)

Item	2017-18 ( 2^nd RE )	2018-19 (1^st RE)	2019-20 ( 2^ndAE)	Rates of GDP at (%)
Item	2017-18 ( 2^nd RE )	2018-19 (1^st RE)	2019-20 ( 2^ndAE)	2018-19	2019-20
Private Final Consumption Expenditure	5,431,645	5,839,276	6,160,719	56.7	56.9
Government Final Consumption Expenditure	1,050,198	1,143,476	1,272,313	11.1	11.8
Gross Fixed Capital Formation	2,940,349	3,290,813	3,234,701	32.0	29.9
Change in Stocks	156,543	194,289	197,812	1.9	1.8
Valuables	148,734	124,962	141,261	1.2	1.3
Exports	1,913,339	2,154,552	2,120,151	20.9	19.6
Imports	2,264,463	2,522,861	2,364,301	24.5	21.9
Discrepancies	307,102	67,240	57,021	0.7	0.5
GDP	9,683,446	10,291,748	10,819,676	100.0	100.0
*GDP (Percentage change over previous year)***		6.3	5.1

RE: Revised estimates; AE: Advance Estimates

STATEMENT 11: ESTIMATES OF GVA AT BASIC PRICES IN

APRIL-DECEMBER OF 2019-20

(at Current Prices)

(₹ crore)

Industry	2017-18 ( 2^nd RE )	2018-19 (1^st RE)	2019-20 ( 2^ndAE)	Percentage change over previous year
Industry	2017-18 ( 2^nd RE )	2018-19 (1^st RE)	2019-20 ( 2^ndAE)	2018-19	2019-20
1. Agriculture, Forestry & Fishing	2,062,870	2,140,489	2,366,968	3.8	10.6
2. Mining & Quarrying	244,939	276,032	275,457	12.7	-0.2
3. Manufacturing	1,837,749	2,031,264	2,046,450	10.5	0.7
4. Electricity, Gas, Water Supply & other Utility Services	318,078	346,097	359,687	8.8	3.9
5. Construction	873,874	985,240	1,028,981	12.7	4.4
6. Trade, Hotels, Transport, Communication and Services related to Broadcasting	2,027,598	2,282,100	2,455,927	12.6	7.6
7. Financial, Real Estate & Professional Services	2,508,017	2,828,721	3,059,226	12.8	8.1
8. Public Administration, Defence and other Services	1,609,999	1,839,338	2,115,598	14.2	15.0
GVA at Basic Prices	11,483,124	12,729,280	13,708,294	10.9	7.7

RE: Revised estimates; AE: Advance Estimates

STATEMENT 12: ESTIMATES OF EXPENDITURES OF GDP

IN APRIL-DECEMBER OF 2019-20

(at Current Prices)

(₹ crore)

Item	2017-18 ( 2^nd RE )	2018-19 (1^st RE)	2019-20 ( 2^ndAE)	Rates of GDP at (%)
Item	2017-18 ( 2^nd RE )	2018-19 (1^st RE)	2019-20 ( 2^ndAE)	2018-19	2019-20
Private Final Consumption Expenditure	7,397,835	8,308,770	9,055,735	59.3	60.1
Government Final Consumption Expenditure	1,431,981	1,626,566	1,873,962	11.6	12.4
Gross Fixed Capital Formation	3,464,588	4,047,639	4,078,593	28.9	27.1
Change in Stocks	181,178	234,988	248,196	1.7	1.6
Valuables	176,638	153,086	170,458	1.1	1.1
Exports	2,360,485	2,778,171	2,810,158	19.8	18.7
Imports	2,760,108	3,374,367	3,253,589	24.1	21.6
Discrepancies	253,083	241,614	81,346	1.7	0.5
GDP	12,505,680	14,016,467	15,064,859	100.0	100.0
*GDP (Percentage change over previous year)***		12.1	7.5

RE: Revised estimates; AE: Advance Estimates

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