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Press Information Bureau
Government of India
Ministry of Statistics & Programme Implementation
31-May-2016 17:30 IST
Provisional Estimates of Annual National Income, 2015-16 and Quarterly Estimates of Gross Domestic Product, 2015-16

 

 

 

This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 31st May 2016.

 

 

 

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the provisional estimates of national income for the financial year 2015-16 and  quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2015-16, both at constant (2011-12) and current prices. Estimates at current prices are derived by estimating the implicit price deflators (IPDs)  at  sectoral level from the relevant price indices.

2.         The CSO has also released the corresponding annual and quarterly estimates of expenditure components of the GDP in current and constant (2011-12) prices, namely the private final consumption expenditure, government final consumption expenditure, gross fixed capital formation, change in stocks, valuables, and net exports.

 

3.         GDP growth rates for 2015-16 and Q1, Q2, Q3 and Q4 of 2015-16 at constant (2011-12) and current prices are given below:

 

Growth Rates of GDP

 

Constant prices (2011-12)

Current prices

Annual 2015 -16

7.6

8.7

Q1 2015-16 (April-June)

7.5

8.8

Q2 2015-16 (July-Sep)

7.6

6.4

Q3 2015-16 (Oct-Dec)

7.2

9.1

Q4 2015-16 (Jan-Mar)

7.9

10.4

 

Estimates including growth rates for Q1, Q2 and Q3 of 2015-16 released earlier have been revised according to the revision policy of this Ministry.

 

I.        PROVISIONAL ESTIMATES OF NATIONAL INCOME, 2015-16

 

4.         The advance estimates of national income for the year 2015-16 were released on 8th February, 2016. 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 2015 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.  Revisions in first three quarter growth rates of 2015-16 are on account of the following:

(a)    Early results on the performance of corporate sector for April-December, 2015 (based on advance filings up to 30th January 2016) which were used in the advance estimates have been revised on the basis of latest available information based on filings up to 27th May 2016.

(b)   Use of IIP data for April-March, 2015-2016 as against  IIP data based on April-November, 2015 used in the advance estimates.

(c)    Use of latest available information on Sales tax collection and State revenue expenditure.

 

                                                                                                                                

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

 

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

 

Gross Domestic Product

 

6.               Real GDP or GDP at constant (2011-12) prices for the year 2015-16 is now estimated at `113.50 lakh crore (`113.51 lakh crore estimated earlier on 8th February, 2016), showing a growth rate of 7.6 percent (similar to 7.6 percent estimated earlier) over the First Revised Estimates of GDP for the year 2014-15 of ` 105.52 lakh crore, released on 29th January 2016. 

 

Gross Value Added (GVA) at Basic Prices

7.         Real GVA, i.e, GVA at basic constant (2011-12) prices for the year 2015-16 is now estimated at `104.27 lakh crore (as against `104.38 lakh crore estimated earlier on 8th February, 2016), showing a growth rate of 7.2 percent (as against 7.3 percent estimated earlier over the First Revised Estimates of GVA for the year 2014-15 of `97.27 lakh crore, released on 29th January 2016.

 

8.         The sectors which registered growth rate of over 7.0 percent are 'financial, real estate and professional services' (10.3 percent), manufacturing (9.3 percent), ‘trade, hotels, transport, communication and services related to broadcasting’ (9.0 percent),  and ‘mining and quarrying’ (7.4 percent).  The growth in the ‘agriculture, forestry and fishing’, ‘construction’, electricity, gas, water supply & other utility services’, 'public administration, defence  and other services’ is estimated to be 1.2 per cent, 3.9 per cent, 6.6 per cent and 6.6 per cent respectively.

 

9. Industry analysis

Agriculture

9.1.      The ‘agriculture, forestry and fishing’ sector has shown a growth rate of 1.2 percent, as against the growth rate of 1.1 percent in the Advance estimates. The upward revision is on account of use of  third advance estimates of crop production released by the Ministry of Agriculture.  As per the third advance estimates,  the food grain production  was 252.23 million tonnes in  2015-16 which is higher than  the tentative estimates of food grain production used for compiling the Advance estimates.  Crops including fruits and vegetables account for 61% of GVA in ‘agriculture, forestry and fishing’ sector. Around 39% of GVA of this sector is based on livestock products, forestry,  fishing and aquaculture, which has  registered  a combined growth of around 5.0 percent.

 

Mining and quarrying

9.2       The  ‘mining and quarrying’ sector has shown a growth rate of 7.4 percent, as against the growth rate of 6.9  percent  in the Advance estimates.  The upward revision is mainly on account of use of latest available private corporate results. As per the available information,  private corporate sector growth in the mining sector as estimated from major listed companies at current prices was   (-)0.2 percent  as against (-)2.8 percent growth used  in the advance estimate.  The Index of Industrial Production of mining registered growth of  2.2 percent during  2015-16 as against  growth rate of  2.1 percent   used  for compiling  advance estimates.  Production of coal and crude oil registered growth rates of 4.6 percent and (-)1.4 percent during  2015-16.

Manufacturing

9.3       The  growth in the ‘manufacturing ’ sector is estimated at 9.3 percent  as against the growth rate of 9.5  percent  in the Advance estimates.  The private corporate sector growth (which has a share of around 69 percent in the manufacturing sector)  as estimated from available data of listed companies with BSE and NSE was 10.0 percent at current prices during 2015-16. The quasi corporate and unorganized segment (which includes individual proprietorship and partnerships and khadi & village Industries having a share of around 25 percent in the manufacturing sector) has been estimated using IIP of manufacturing.  The IIP of manufacturing registered a growth rate of 2.0 percent during the whole year of 2015-16, as against the growth rate of 3.9 percent used for compiling Advance Estimates. Due to this change, the Advance estimate growth of ‘manufacturing’ sector has been revised downwards to 9.3 percent.

Electricity, Gas, water supply and other utility services

9.4       GVA at basic prices for 2015-16 from ‘Electricity, gas, water supply and other utility services’ sector is estimated to grow by 6.6 percent as compared to growth of  5.9 percent in the Advance Estimate. The key indicator of this sector, namely, IIP of Electricity registered a growth rate of 5.6 per cent during April-March, 2015-16 as against the estimated growth rate of 4.6 percent used for compiling Advance Estimates.

 

Construction

 

9.5        Key indicators of construction sector, namely, production of cement and consumption of finished steel registered growth rates of 4.6  per cent and 4.3 percent, respectively, during 2015-16 as against 2.2 percent and 4.4 percent, respectively during April-December 2015. Consequently, the growth of the sector is revised to 3.9 percent as against 3.7 percent in the Advance Estimates.

 

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

 

9.6.      GVA at basic prices for 2015-16 from this sector is estimated to grow by 9.0 percent as compared to growth of  9.5 percent in the Advance estimates of 2015-16.  Key indicator used for estimating GVA from Trade sector is the sales tax growth. As per the available monthly data on State accounts available from CAG website, sales tax collection grew by 6.8 percent during 2015-16. Indicator used for measuring GVA from hotels and restaurant sector is the private corporate growth in this sector. The private corporate sector growth in the hotels and restaurant sector as estimated from available data from listed companies at current prices is 21.5 percent during April-March, 2015-16 which is lower than the 26.5 % growth used in the Advance estimates.

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 11.5 percent, 4.3 percent, 7.5 per cent and 17.3 per cent respectively during April-March of 2015-16. Indicators of Railways sector, namely, Net Tonne Kilometers and Passenger Kilometers have shown growth of (-)4.5 percent and (-)0.1 percent respectively during 2015-16.

 

Financial, insurance, real estate and professional services

 

9.7       The sector 'financial, real estate and professional services' has shown a growth rate of 10.3 per cent during 2015-16 same as projected growth in the advance estimates. 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 at current prices is 10.1 percent during April-March, 2015-16. The key indicators of banking, namely, aggregate bank deposits and bank credits have shown growth of 9.9 percent and 11.3 percent, respectively as on 31stMarch, 2016.

 

Public administration and defence and other services

 

9.8       The sector  ‘Public administration, defence and other services'  has shown a growth rate of 6.6 per cent in the provisional estimates, as against the growth rate of 6.9 per cent in the advance estimates. The downward revision is mainly on account of use of updated information on State government  revenue  expenditure.

 

 

 

 

Gross National Income

 

10.       The Gross National Income (GNI) at 2011-12 prices is now estimated at `112.13 lakh crore (as against `112.14 lakh crore estimated on 8th February 2016), during 2015-16, as against the previous year’s First Revised Estimate of `104.28 lakh crore. In terms of growth rates, the gross national income is estimated to have risen by 7.5 percent during 2015-16, in comparison to the growth rate of 7.3 percent in 2014-15.

 

Per Capita Income

11.       The per capita income in real terms (at 2011-12 prices) during 2015-16 is likely to attain a level of `77435 as compared to `72,889 for the year 2014-15. The growth rate in per capita income is estimated at 6.2 percent during 2015-16, as against 5.8 percent in the previous year.

 

12.     Price indices used as deflators

 

            The wholesale price index (WPI), in respect of the groups - food articles, manufactured products, electricity and all commodities, has risen by 3.3 per cent, (-) 1.1 per cent, 4.0 per cent and (-)2.5 percent, respectively during April-March, 2015-16. The consumer price index has shown a rise of 4.9 per cent during April-March, 2015-16.

 

(b) Estimates at current prices

 

Gross Domestic Product

 

13.       GDP at current prices for the year 2015-16 is estimated at `135.76 lakh crore, showing a growth rate of 8.7 percent over the First Revised Estimates of GDP for the year 2014-15 of `124.88 lakh crore, released on 29th January 2016.

 

 National Income

 

14.       The GNI at current prices is now estimated at `134.19 lakh crore during 2015-16, as compared to `123.41 lakh crore during 2014-15, showing a rise of 8.7 percent.

 

Per Capita Net National Income

 

15.       The per capita income at current prices during 2015-16 is estimated to have attained a level of   `93,293 as compared to the First Revised Estimate for the year 2014-15 of `86,879   showing a rise of 7.4 percent.

 

 

 

II        ANNUAL ESTIMATES OF EXPENDITURES OF GDP, 2015-16

 

16.       Along with the Provisional Estimates of GDP by economic activity, the 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

 

 

17.       Private Final Consumption Expenditure (PFCE) at current prices is estimated at `80.76 lakh crore in 2015-16 as against `71.93 lakh crore in 2014-15. At constant (2011-12) prices, the PFCE is estimated at `63.01 lakh crore in 2015-16 as against `58.64 lakh crore in 2014-15. In terms of GDP, the rates of PFCE at current and constant (2011-12) prices during 2015-16 are estimated at 59.5 percent and 55.5 percent, respectively, as against the corresponding rates of 57.6 percent and 55.6 percent, respectively in 2014-15.

 

Government Final Consumption Expenditure

 

18.     Government Final Consumption Expenditure (GFCE) at current prices is estimated at `14.39 lakh crore in 2015-16 as against `13.65 lakh crore in 2014-15. At constant (2011-12) prices, the GFCE is estimated at `11.27 lakh crore in 2015-16 as against ` 11.03 lakh crore in 2014-15. In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during 2015-16 are estimated at 10.6 percent and 9.9 percent, respectively, as against the corresponding rates of 10.9 percent and 10.4 percent, respectively in 2014-15.

 

Gross Fixed Capital Formation

 

19.       Gross Fixed Capital Formation (GFCF) at current prices is estimated at `39.72 lakh crore in 2015-16 as against `38.44 lakh crore in 2014-15. At constant (2011-12) prices, the GFCF is estimated at `35.41 lakh crore  in 2015-16 as against `34.08 lakh crore in 2014-15. In terms of GDP, the rates of GFCF at current and constant (2011-12) prices during 2015-16 are estimated at 29.3 percent and 31.2 percent, respectively, as against the corresponding rates of  30.8  percent and 32.3 percent, respectively in 2014-15. The rates of Change in Stocks and Valuables at current prices during 2015-16 are estimated at 1.7 percent and 1.4 percent, respectively.

 

20.       The rates of discrepancies at current and constant (2011-12) prices during 2015-16 are estimated at  0.1 percent and 1.9 percent, respectively of the GDP, as against the corresponding rates of 0.4 percent and (-) 0.3 percent respectively in 2014-15.

 

21.       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 2013-14, 2014-15 and 2015-16 at constant (2011-12) and current prices are given in Statements 1 to 4.

 

 

III      QUARTERLY ESTIMATES OF GDP FOR Q4 (JANUARY-MARCH), 2015-16

 

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

22.       The four quarters of a financial year are denoted by Q1, Q2, Q3 and Q4. GDP at constant (2011-12) prices in Q4 of 2015-16 is estimated at `30.12 lakh crore, as against `27.90 lakh crore in Q4 of 2014-15, showing a growth rate of 7.9 percent.  GVA at basic prices at constant (2011-12) prices in Q4 of 2015-16 is estimated at `26.88 lakh crore, as against `25.03 lakh crore in Q4 of 2014-15, showing a growth rate of 7.4 percent.

23.       Growth rates in various sectors are as follows: ‘agriculture, forestry and fishing’ (2.3 percent), ‘mining and quarrying’ (8.6 percent), ‘manufacturing’ (9.3 percent), ‘electricity, gas, water supply and other utility services’ (9.3 percent) ‘construction’ (4.5 percent), 'trade, hotels, transport and communication' (9.9 percent), 'financial, real estate and professional services' (9.1 percent), and ‘Public administration, defence and other Services' (6.4 percent).

 

24.       According to the latest estimates available on the IIP, the index of mining, manufacturing and electricity registered growth rates 2.0 percent, (-) 1.1 percent and 9.1 percent respectively, in Q4 of 2015-16, as compared to the growth rates of 0.3 percent, 3.7 percent and 3.7 percent respectively in these sectors in Q4, 2014-15. Performance of corporate sector based on available information from BSE/NSE has been taken into account for compiling quarterly estimates.

 

25.       The key indicators of railways, namely, the net tonne kilometers and passenger kilometers have shown growth rates of (-) 8.4 percent and 4.4 percent, respectively in Q4 of 2015-16, as against the growth rates 3.5 percent and 2.4 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 19.4 percent and 7.7 percent respectively in Q4 of 2015-16. The Trade, hotels, transport, communication and services related to broadcasting sector have registered a growth of 9.9 percent  in Q4 of 2015-16 as against 13.1 percent in Q4 of 2014-15.  The sector ‘Public administration, defence and other services' has shown a growth rate of 6.4 per cent in Q4 of 2015-16 as against the growth rate of 4.1 per cent in 2014-15.

 

26.       The PFCE and GFCF at constant (2011-12) prices in Q4 of 2015-16 are estimated at `16.67 lakh crore and `8.86 lakh crore, respectively. The rates of PFCE and GFCF as percentage of GDP in Q4 of 2015-16 were 55.3 percent and 29.4 percent, respectively, as against the corresponding rates of 55.2 percent and 32.4 percent, respectively in Q4 of 2014-15.

 

 

(b) Estimates at current prices

 

27.       GDP at current prices in Q4 of 2015-16 is estimated at `36.77 lakh crore, as against `33.32 lakh crore in Q4 of 2014-15, showing a growth of 10.4 percent. GVA at current basic prices in Q4 of 2015-16 is estimated at `31.27 lakh crore, as against `28.82 lakh crore in Q4 of 2014-15, showing a growth of 8.5 percent.

 

28.       The PFCE and GFCF at current prices in Q4 of 2015-16 are estimated at `21.48 lakh crore and `9.88 lakh crore, respectively. The rates of PFCE and GFCF at current prices as percentage of GDP in Q4 of 2015-16 are estimated at 58.4 percent and 26.9 percent, respectively, as against the corresponding rates of 56.4 percent and 30.1percent, respectively in Q4 of 2014-15.

 

29.       The wholesale price index (WPI), in respect of the groups, food articles, manufactured products, electricity and all commodities, has risen by 4.5 per cent, (-)0.6 percent, 2.7 percent and  (-)0.9 percent, respectively during Q4 of 2015-16. The WPI of minerals has declined by 27.3 percent during Q4 of 2015-16. The consumer price index has shown a rise of 5.3 per cent during Q4 of 2015-16.

30.       Estimates of GVA at basic prices by kind of economic activity and the expenditures of GDP for the four quarters of 2013-14, 2014-15 and 2015-16  at constant (2011-12) and current prices, are given in Statements 5 to 8.

 

31.       The next release of quarterly GDP estimate for the quarter April-June, 2016 (Q1 of 2016-17) will be on 31.08.2016.

 

 

STATEMENT 1: Provisional Estimates of National Income and Expenditures on GDP, 2015-16 (At 2011- 12 Prices)

 

 

(` crore)

 

 

S. No.

Item

   2013-14

(2ndRE(NS))

2014-15

(1st RE)

2015-16

(PE)

percentage change over previous year

 

2014-15

2015-16

 

Domestic Product

 

 

 

 

1

GVA at basic prices

9084369

9727490

10427191

7.1

7.2

2

Taxes on Products including import duties

1025799

1108339

1190986

8.0

7.5

3

Less Subsidies on Products

270734.2

283678.6

267929

4.8

-5.6

4

GDP (1+2-3)

9839434

10552151

11350249

7.2

7.6

5

NDP

8737681

9359476

10071784

7.1

7.6

 

Final Expenditures

 

 

 

 

6

PFCE

5520068

5864283

6301128

6.2

7.4

7

GFCE

977521

1102607

1126952

12.8

2.2

8

   GFCF

3250539

3408251

3540750

4.9

3.9

9

   CIS

162036

195007

205816

20.3

5.5

10

   VALUABLES

150123

173275

173811

15.4

0.3

11

Exports of goods and services

2466632

2508402

2377742

1.7

-5.2

12

Less Imports of goods and services

2643368

2664390

2590793

0.8

-2.8

13

Discrepancies

-44117

-35284

214843

 

 

14

GDP

9839434

10552151

11350249

7.2

7.6

 

RATES TO GDP

 

 

 

 

 

15

PFCE

56.1

55.6

55.5

 

 

16

GFCE

9.9

10.4

9.9

 

 

17

   GFCF

33.0

32.3

31.2

 

 

18

   CIS

1.6

1.8

1.8

 

 

19

   VALUABLES

1.5

1.6

1.5

 

 

20

Exports of goods and services

25.1

23.8

20.9

 

 

21

Less Imports of goods and services

26.9

25.2

22.8

 

 

22

Discrepancies

-0.4

-0.3

1.9

 

 

23

GDP

100.0

100.0

100.0

 

 

 

 

 

 

 

 

 

24

GNI

9717062

10427701

11213328

7.3

7.5

25

NNI

8615309

9235026

9934863

7.2

7.6

                  Per Capita Income, Product and Final Consumption

26

Population* (in million)

1251

1267

1283

1.3

1.3

 

 

 

 

 

 

 

27

Per Capita GDP

78653

83285

88466

5.9

6.2

28

Per Capita GNI

77674

82302

87399

6.0

6.2

29

Per Capita NNI

68867

72889

77435

5.8

6.2

30

Per Capita PFCE

44125

46285

49112

4.9

6.1

 

NS: New Series Estimates; RE: Revised Estimates; PE: Provisional Estimates

 

 



STATEMENT  2: Provisional Estimates of National Income and Expenditures on GDP, 2015-16( At Current Prices)

 

 

(` crore)

 

 

S.No.

Item

   2013-14

(2ndRE(NS))

2014-15

(1st RE)

2015-16

(PE)

percentage change over previous year

 

 

 

 

 

2014-15

2015-16

 

Domestic Product

 

 

 

 

1

GVA at basic prices

10380813

11472409

12279410

10.5

7.0

2

Taxes on Products including import duties

1201322

1350361

1612197

12.4

19.4

3

Less Subsidies on Products

309371

334565

315522

8.1

-5.7

4

GDP (1+2-3)

11272764

12488205

13576086

10.8

8.7

5

NDP

10074292

11155025

12126769

10.7

8.7

 

Final Expenditures

 

 

 

 

6

PFCE

6507932

7193046

8077560

10.5

12.3

7

GFCE

1152993

1365463

1439198

18.4

5.4

8

   GFCF

3564320

3844366

3972401

7.9

3.3

9

   CIS

179971

220557

234444

22.6

6.3

10

   VALUABLES

162982

192663

187461

18.2

-2.7

11

Exports of goods and services

2854713

2861066

2706892

0.2

-5.4

12

Less Imports of goods and services

3190352

3233123

3051005

1.3

-5.6

13

Discrepancies

40206

44168

9135

0.4

0.1

14

GDP

11272764

12488205

13576086

10.8

8.7

 

RATES TO GDP

 

 

 

 

15

PFCE

57.7

57.6

59.5

 

 

16

GFCE

10.2

10.9

10.6

 

 

17

   GFCF

31.6

30.8

29.3

 

 

18

   CIS

1.6

1.8

1.7

 

 

19

   VALUABLES

1.4

1.5

1.4

 

 

20

Exports of goods and services

25.3

22.9

19.9

 

 

21

Less Imports of goods and services

28.3

25.9

22.5

 

 

22

Discrepancies

0.4

0.4

0.1

 

 

23

GDP

57.7

57.6

59.5

 

 

 

 

 

 

 

 

 

24

GNI

11132877

12340772

13418745

10.8

8.7

25

NNI

9934405

11007592

11969428

10.8

8.7

26

GNDI

11528795

12745926

13832957

10.6

8.5

27

NNDI

10330323

11412746

12383640

10.5

8.5

                  Per Capita Income, Product and Final Consumption

28

Per Capita GDP

90110

98565

105815

9.4

7.4

29

Per Capita GNI

88992

97402

104589

9.4

7.4

30

Per Capita NNI

79412

86879

93293

9.4

7.4

31

Per Capita GNDI

92157

100599

107817

9.2

7.2

32

Per Capita PFCE

52022

56772

62958

9.1

10.9

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

NS: New Series Estimates; RE: Revised Estimates;  PE: Provisional Estimates

 

 

 

 

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

(At 2011-12 prices)                   

(` crore)

Industry

2013-14

(2ndRE (NS))

2014-15

(1st RE)

2015-16

(PE)

Percentage change over previous year

2014-15

2015-16

1. agriculture, forestry & fishing

1,588,237

1,584,293

1,604,044

-0.2

1.2

2. mining & quarrying

267,378

296,328

318,377

10.8

7.4

3. manufacturing

1,579,721

1,667,069

1,821,926

5.5

9.3

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

200,861

216,970

231,228

8.0

6.6

5. construction

818,494

854,636

887,957

4.4

3.9

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

1,669,844

1,833,997

1,998,292

9.8

9.0

7. financial, real estate  & professional services

1,844,070

2,039,460

2,248,845

10.6

10.3

8. Public Administration, defence and other services

1,115,765

1,234,737

1,316,522

10.7

6.6

GVA at Basic Price

9,084,369

9,727,490

10,427,191

7.1

7.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NS: New Series Estimates; RE: Revised Estimates; PE: Provisional Estimates

 

 

 

 

STATEMENT 4: Provisional Estimates of GVA at Basic Priceby Economic Activity

(At current prices)

(` crore)

Industry

2013-14

(2ndRE (NS))

2014-15

(1st RE)

2015-16

(PE)

Percentage change over previous year

2014-15

2015-16

1. agriculture, forestry & fishing

1,902,452

1,995,251

2,093,081

4.9

4.9

2. mining & quarrying

295,978

304,300

318,672

2.8

4.7

3. manufacturing

1,714,730

1,845,541

1,994,330

7.6

8.1

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

255,812

288,935

320,186

12.9

10.8

5. construction

931,680

1,003,903

1,016,659

7.8

1.3

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

1,888,835

2,140,370

2,281,533

13.3

6.6

7. financial, real estate  & professional services

2,082,765

2,359,279

2,534,422

13.3

7.4

8. Public Administration, defence and other services

1,308,562

1,534,831

1,720,527

17.3

12.1

 GVA at Basic Price

10,380,813

11,472,409

12,279,410

10.5

7.0

 

 

 

NS: New Series Estimates; RE: Revised Estimates; PE: Provisional Estimates


STATEMENT 5: Quarterly Estimates of GVA at Basic Prices for 2015-16

(at 2011-12 prices)

 

GVA AT BASIC PRICE ( ` in crore)

PERCENTAGE CHANGE OVER PREVIOUS YEAR

 

2013-14

2014-15

2015-16

2014-15

2015-16

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

350,478

285,513

531,155

421090

358,482

293,560

518,326

413926

367,623

299,531

513,349

423542

2.3

2.8

-2.4

-1.7

2.6

2.0

-1.0

2.3

  2. mining & quarrying

68,446

56,854

65,693

76384

79,708

60,841

71,647

84131

86,444

63,854

76,736

91343

16.5

7.0

9.1

10.1

8.5

5.0

7.1

8.6

  3. manufacturing

388,203

391,510

378,942

421065

418,682

414,049

385,351

448986

449,280

452,062

429,751

490833

7.9

5.8

1.7

6.6

7.3

9.2

11.5

9.3

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

49,779

50,410

49,935

50737

54,853

54,845

54,324

52948

57,037

58,942

57,387

57861

10.2

8.8

8.8

4.4

4.0

7.5

5.6

9.3

  5. construction

203,346

199,046

202,892

213209

213,576

209,577

212,754

218730

225,637

211,298

222,494

228527

5.0

5.3

4.9

2.6

5.6

0.8

4.6

4.5

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

393,858

405,921

421,788

448277

439,474

439,818

447,854

506851

483,238

469,191

489,067

556796

11.6

8.4

6.2

13.1

10.0

6.7

9.2

9.9

  7. financial,, real est. & professional Services

490,042

518,487

402,984

432558

531,933

584,292

451,652

471583

581,471

653,971

499,002

514401

8.5

12.7

12.1

9.0

9.3

11.9

10.5

9.1

  8. Public administration, defence and other services

272,338

291,298

258,829

293300

283,826

321,195

324,259

305457

300,705

343,247

347,571

324999

4.2

10.3

25.3

4.1

5.9

6.9

7.2

6.4

GVA at Basic Price

2,216,490

2,199,040

2,312,219

2356620

2,380,534

2,378,178

2,466,167

2502612

2551435

2552095

2635358

2688303

7.4

8.1

6.7

6.2

7.2

7.3

6.9

7.4

 

STATEMENT 6:  Quarterly Estimates of GVA at Basic Prices for 2015-16

(at current prices)

 

 

GVA AT BASIC PRICE( ` in crore)

PERCENTAGE CHANGE OVER PREVIOUS YEAR

 

 

2013-14

2014-15

2015-16

2014-15

2015-16

 

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

386651

418118

624842

472841

440336

381132

658474

515309

466,308

387,595

687,930

551,248

13.9

-8.8

5.4

9.0

5.9

1.7

4.5

7.0

 

  2. mining & quarrying

72346

64294

74350

84988

91393

68668

72138

72100

96,870

68,781

75,490

77,531

26.3

6.8

-3.0

-15.2

6.0

0.2

4.6

7.5

 

  3. manufacturing

415275

422647

413514

463295

463326

461155

427083

493977

494,225

494,597

468,960

536,548

11.6

9.1

3.3

6.6

6.7

7.3

9.8

8.6

 

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

59754

63519

65364

67175

72870

72802

72168

71096

77,069

82,772

80,589

79,757

21.9

14.6

10.4

5.8

5.8

13.7

11.7

12.2

 

  5. construction

224049

227515

234772

245344

251972

251830

249991

250110

260,151

242,294

255,422

258,791

12.5

10.7

6.5

1.9

3.2

-3.8

2.2

3.5

 

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

431046

460852

484890

512047

515657

525519

523422

575772

555,922

536,937

560,349

628,325

19.6

14.0

7.9

12.4

7.8

2.2

7.1

9.1

 

  7. financial, real est. & professional Services

537055

589931

462241

493538

618229

692696

520260

528094

660,964

740,485

562,083

570,890

15.1

17.4

12.6

7.0

6.9

6.9

8.0

8.1

 

  8. Public administration, defence and other services

308625

343268

308413

348256

349424

405492

404541

375374

390,350

448,645

457,393

424,138

13.2

18.1

31.2

7.8

11.7

10.6

13.1

13.0

 

GVA at Basic Price

2434801

2590144

2668385

2687483

2803207

2859293

2928077

2881832

3,001,859

3,002,105

3,148,216

3,127,229

15.1

10.4

9.7

7.2

7.1

5.0

7.5

8.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STATEMENT 7: Quarterly Estimates of Expenditures of GDP for 2015-16

                                              (at 2011-12 prices)

 

Item

 

(` crore)

 

RATES of GDP (%)

 

2014-15

 

 

 

2015-16

 

 

2014-15

2015-16

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

  1. Private Final Consumption Expenditure (PFCE)

 

1,406,817

1,422,029

1,495,823

1,539,614

1,504,442

1,511,464

1,618,333

1,666,888

55.5

55.4

56.3

55.2

55.2

54.7

56.8

55.3

  2. Government Final Consumption Expenditure

 

294,338

322,557

261,886

223,826

293,720

333,116

269,808

230,308

11.6

12.6

9.8

8.0

10.8

12.1

9.5

7.6

  3. Gross Fixed Capital Formation (GFCF)

 

832,420

828,754

843,733

903,344

891,627

909,117

853,858

886,147

32.8

32.3

31.7

32.4

32.7

32.9

29.9

29.4

  4. Change in Stocks

 

48,976

48,434

45,077

52,521

50,754

51,068

48,547

55,448

1.9

1.9

1.7

1.9

1.9

1.8

1.7

1.8

  5. Valuables

 

42,871

38,194

37,174

55,036

43,138

42,932

42,192

45,549

1.7

1.5

1.4

2.0

1.6

1.6

1.5

1.5

  6. Exports

 

620,869

625,875

636,468

625,191

585,324

599,264

579,684

613,471

24.5

24.4

23.9

22.4

21.5

21.7

20.3

20.4

  7. Less Imports

 

661,700

681,230

682,281

639,179

645,577

677,465

638,760

628,991

26.1

26.5

25.7

22.9

23.7

24.5

22.4

20.9

  8. Discrepancies

 

-49,687

-36,835

21,305

29,933

761

-7,146

78,020

143,210

-2.0

-1.4

0.8

1.1

0.0

-0.3

2.7

4.8

GDP

 

2,534,903

2,567,778

2,659,185

2,790,285

2,724,188

2,762,350

2,851,682

3,012,029

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 2015-16

                                             (at current prices)

 

Item

 

(` crore)

 

                                            RATES of GDP (%)

 

 

2014-15

 

 

 

2015-16

 

 

2014-15

2015-16

 

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

        Q4

 

  1. Private Final Consumption Expenditure (PFCE)

 

1,701,060

1,768,531

1,844,625

1,878,830

1,898,161

1,936,782

2,094,802

2,147,814

58.3

57.9

57.9

56.4

59.8

59.6

60.3

58.4

 

  2. Government Final Consumption Expenditure

 

353,530

403,302

328,890

279,741

364,372

426,564

350,602

297,660

12.1

13.2

10.3

8.4

11.5

13.1

10.1

8.1

 

  3. Gross Fixed Capital Formation (GFCF)

 

940,407

948,182

952,357

1,003,419

1,004,712

1,019,137

960,257

988,295

32.2

31.1

29.9

30.1

31.6

31.4

27.6

26.9

 

  4. Change in Stocks

 

55,371

55,112

51,040

59,034

58,099

58,142

55,129

63,074

1.9

1.8

1.6

1.8

1.8

1.8

1.6

1.7

 

  5. Valuables

 

47,668

42,468

41,333

61,194

46,526

46,304

45,505

49,126

1.6

1.4

1.3

1.8

1.5

1.4

1.3

1.3

 

  6. Exports

 

706,261

726,455

731,962

696,387

665,872

681,643

668,985

690,393

24.2

23.8

23.0

20.9

21.0

21.0

19.2

18.8

 

  7. Less Imports

 

799,914

840,101

835,720

757,387

759,491

796,865

763,012

731,636

27.4

27.5

26.2

22.7

23.9

24.5

22.0

19.9

 

  8. Discrepancies

 

-87,827

-50,952

72,480

110,467

-103,605

-123,138

63,771

172,106

-3.0

-1.7

2.3

3.3

-3.3

-3.8

1.8

4.7

 

GDP

 

2,916,556

3,052,996

3,186,967

3,331,685

3,174,645

3,248,569

3,476,040

3,676,832

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

 

 

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