Question : Advance Estimates of GDP

(a) whether his Ministry has released first advance estimates of the Gross Domestic Product (GDP) recently, if so, the details and the outcome thereof, sector-wise;

(b) thestatistical/econometric model used for calculation of GDP growth for calculation of first advance estimates;

(c) whether there has been an increase in the national income andthe per capita income of the country during each of the last three years and the current year;

(d) if so, the details of percentage increase in per capita income during the said period, State/UT-wise; and

(e) if not, the reasons therefor and the measures taken/being taken by the Government in this regard?

MINISTER OF STATISTICS AND PROGRAMME IMPLEMENTATION (SHRI D. V. SADANANDA GOWDA)

(a)to (e): A Statement is laid on the Table of the House.

Statement referred to in reply to parts (a) to (e) of Lok Sabha Starred Question No. *62 for answer on 07/02/2018.

(a): Yes, Madam. The First Advance Estimates of Gross Domestic Product (GDP) have been released by Central Statistics Office (CSO) on 05.01.2018. It contained GDP estimates for the year 2017-18 for the total economy.The GDP growth for the year 2017-18 was estimated to be 6.5%. Sector wise details measuredin terms of Gross Value Added (GVA) are given below:

Gross Growth Gross Value Growth
Industry Value rate Added rate
Added (GVA)
(GVA)

2017-18 2017-18 2017-18 2017-18

Current Prices Constant (2011-12)
Rs. Crore prices
Rs. Crore

1. Agriculture,
forestry &
fishing 2438546 2.8 1732371 2.1

2. Mining &
quarrying 341843 13.2 339972 2.9

3. Manufacturing 2422101 7.3 2112345 4.6

4. Electricity, gas,
water supply& other
utility services 368269 7.5 258672 7.5

5. Construction 1109608 6.6 927085 3.6

6. Trade, hotels,
transport, communication
and services related
to broadcasting 2825708 12.1 2329801 8.7

7. Financial, real
estate & professional
services 3186115 10.3 2606602 7.3

8. Public administration,
defence and Other Services 2205463 13.4 1564473 9.4

GVA(Sum of 1 to 8 above) 14897653 9.0 11871320 6.1

(b): GDP growth rate forthe year 2017-18 is calculated as percentage change in the GDP of that year over the GDP of the previous year.
(c):The National Income, measured as Net National Income (NNI) at market prices and Per Capita Income, measured as Per Capita Net National Income at market prices of the country during the last three years and current year at current prices have increased. NNI and Per Capita NNI at constant (2011-12) and current prices along with their growth rates for the years 2014-15 to 2017-18 are given below:

Estimates at Current prices
2014-15 2015-16 2016-17 2017-18
NNI(Rs. crore) 10953761 12076882 13408211 14710563
Per Capita NNI (Rs.) 86454 94130 103219 111782

Estimates at Constant prices
2014-15 2015-16 2016-17 2017-18
NNI(Rs. crore) 9231556 9982112 10686776 11404413
Per Capita NNI (Rs.) 72862 77803 82269 86660

Growth Rates at Current prices (%) Growth Rates at Constant prices (%)
2014-15 2015-16 2016-17 2017-18 2014-15 2015-16 2016-17 2017-18

NNI 10.7 10.3 11.0 9.7 7.6 8.1 7.1 6.7

Per Capita 9.3 8.9 9.7 8.3 6.3 6.8 5.7 5.3
NNI

(d):The latest State/UT-wise details available with the CSO, of percentage increase in per capita income, measured in terms of Net State Domestic Product at Constant Prices (base year 2011-12), up to the year 2015-16 are given in the Statement at Annexure - I.
(e): Does not arise in view of (c) above.

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