As per the Central Statistics Office, the final consumption expenditure (at constant 2011-12 prices) increased from Rs. 6790253 crore in 2013-14 to Rs. 7222057 in 2014-15. The growth rate of final consumption expenditure at constant prices was 6.5% and 6.4% in 2013-14 and 2014-15 respectively. The final consumption expenditure (at constant 2011-12 prices) increased to Rs. 3799854 crore in first half of 2015-16 from Rs. 3571469 crore during the corresponding period of the previous year, recording a growth of 6.4%.
The contribution of final consumption expenditure to GDP growth was 64.9% in 2013-14 and 59.7% in 2014-15. Corresponding to this, the contribution of fixed investment to GDP growth increased from 13.7% in 2013-14 to 19.6% in 2014-15.
This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.
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DSM/KA
(Release ID :133093)