Question : Gross Domestic Product

a) whether data released by the Government about Gross Domestic Product (GDP) do not match with the actual condition of the economy and if so, the details thereof and the reasons therefor;

(b) the growth rate of services, manufacturing, mining and agricultural sector respectively during the last three quarters;

(c) whether the Government admits that it has failed in increasing the actual growth rate of the economy and if so, the reasons therefor; and

(d) the details of actual GDP growth for financial year 2016-17 in the country, quarterly?

MINISTER OF STATE IN THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS (SHRI VIJAY GOEL)

(a): No, Madam.

(b): As per the latest press releases of the Central Statistics Office (CSO), the growth rates, measured in terms of growth of Gross Value Added (GVA), of services, manufacturing, mining (including quarrying) and agriculture (including forestry & fishing) sectors during the last three quarters at constant (2011-12) prices are given below:

<pre>
Growth rate of GVA as compared to same quarter of previous year (%)
Industry January-March 2016-17 April-June
2017-18 July-Sep
2017-18
Services 7.2 8.7 7.1
Manufacturing 5.3 1.2 7.0
Mining (including quarrying) 6.4 -0.7 5.5
Agriculture (including forestry & fishing) 5.2 2.3 1.7

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(c): No, Madam.

(d): As per the latest press releases of the Central Statistics Office, percentage growth rates of GDP in the first, second, third and fourth quarters of 2016-17 at constant (2011-12) prices were 7.9, 7.5, 7.0 and 6.1 respectively.