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Government of India
Ministry of Statistics & Programme Implementation
08-February-2016 17:31 IST
Advance Estimates of National Income, 2015-16

And

Quarterly Estimates of Gross Domestic Product for the Third Quarter (Oct-Dec), 2015-16

 

This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 8th February 2016

 

 

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation have released the advance estimates of national income at constant (2011-12) and current prices for the financial year 2015-16. These are presented in Statements 1-4.

 

2.         Quarterly estimates of GDP for the third quarter October-December (Q3), 2015-16 both at constant (2011-12) and current prices along with the corresponding quarterly estimates of expenditure components of GDP are also being released. Quarterly estimates of previous years from 2011-12 onwards along with the first and second quarter estimates of 2015-16 released earlier have undergone revision in accordance with the revision policy of National Accounts. Quarterly estimates for the years 2013-14, 2014-15, and 2015-16 are presented in Statements 5 to 8.

 

3.  GDP growth rates for 2015-16 and Q1, Q2, Q3 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 (Advance)

7.6

8.6

Q12015-16 (April-June)

7.6

8.7

Q2 2015-16 (July-Sep)

7.7

6.4

Q3 2015-16 (Oct-Dec)

7.3

9.2

 

 

 

 

 

 

 

 

 

 

I           ADVANCE ESTIMATES OF NATIONAL INCOME, 2015-16

          

4.        These estimates are based on anticipated level of agricultural production from the Ministry of Agriculture & Farmers Welfare, Department of Agriculture & Cooperation (DAC), Index of Industrial Production (IIP), monthly accounts of Union Government Expenditure maintained by Controller General of Accounts (CGA) and of State Government expenditure maintained by Comptroller and Auditor General of India (CAG). Performance of key sectors like transport including railways, road, air and water transport etc, communication, banking and insurance have been taken into account while compiling the estimates. Performance of the corporate sector during April-December 2015  has also been taken into account while compiling advance estimates.

     Estimated growth in the indicator compiled on the basis of employee expenses, profit before tax and depreciation of listed companies deflated by appropriate price indices has been used to extrapolate the corporate sector estimates of the same quarter of the previous year.

 

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

 

A.                ESTIMATES AT CONSTANT (2011-12) PRICES

 

Gross Domestic Product

 

6.        Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2015-16 is likely to attain a level of  `113.51 lakh crore, as against the First Revised Estimate of GDP for the year 2014-15 of `105.52 lakh crore, released on 29th January 2016. The growth in GDP during 2015-16 is estimated at 7.6 per cent as compared to the growth rate of 7.2 per cent in 2014-15.

 

Gross Value Added (GVA) at Basic Prices

 

7.         Real GVA, i.e, GVA at basic constant prices (2011-12) is anticipated to increase from `97.27 lakh crore in 2014-15 to `104.38 lakh crore in 2015-16. Anticipated growth of real GVA at basic prices in 2015-16 is 7.3 per cent against 7.1 per cent in 2014-15.

 

8.        The sectors which are likely to register growth rate of over 7.0 per cent are 'financial, real estate and professional services', ‘trade, hotels, transport, communication and services related to broadcasting’,  and manufacturing'. The growth in the ‘agriculture, forestry and fishing’, ‘mining and quarrying’, ‘electricity, gas, water supply and other utility services’, ‘construction’ and ‘public administration, defence and other services’  is estimated to be 1.1 per cent, 6.9 per cent, 5.9 per cent, 3.7 per cent and 6.9 per cent respectively.

 

9.  Industry analysis

 

Agriculture

 

9.1.      The ‘agriculture, forestry and fishing’ sector is likely to show a growth of 1.1 per cent in its GVA during 2015-16, as against the previous year’s growth rate of (-) 0.2 per cent. According to the information furnished by the Department of Agriculture and Cooperation (DAC), which has been used in compiling the estimate of GDP from agriculture in 2015-16, production of food grains is expected to decline by 0.5 per cent as compared to decline of 4.9 per cent in the previous agriculture year. Production of oilseeds is also expected to decline by 4.1 per cent as compared to decline of 16.0 per cent in the previous agriculture year. However, among the horticultural crops, production of fruits and vegetables is expected to increase by 0.6 per cent during the year 2015-16 as compared to 1.7 per cent in the previous agriculture year. Crops including fruits and vegetables account for about 61.0 per cent of GDP in ‘agriculture, forestry and fishing’ sector. Around 39.0 per cent of GVA of this sector is based on the livestock products, forestry and fisheries, which is expected to register a combined growth of above 5.0 per cent in 2015-16.

 

Mining and quarrying

 

9.2.    The growth in the GVA at basic prices for 2015-16 from ‘mining and quarrying’ sector is estimated to be 6.9 per cent as compared to growth of 10.8 per cent in 2014-15. The key indicators of mining sector, namely, production of coal, crude oil and natural gas registered growth rates of 4.6  per cent, (-)0.8 per cent, (-)2.8  per cent  during April-December, 2015-16  as compared to 9.5  per cent, (-)0.8 per cent and  (-)4.8 per cent   during April-December, 2014-15.  IIP mining grew by 2.1 per cent in April-November, 2015-16 as against 2.5 per cent in April-November, 2014-15.  As per the available information, private corporate sector growth in the mining sector as estimated for major listed companies at current prices was  -2.8  per cent in April-December, 2015-16.

 

Manufacturing

 

9.3     The growth in the GVA at basic prices for 2015-16 from ‘manufacturing ’ sector is estimated to be 9.5 per cent as compared to growth of  5.5  per cent in  2014-15.  The private corporate sector growth (which has a share of around 69 per cent in the manufacturing sector) as estimated from available data of listed companies was 9.9 per cent at current prices in April-December 2015-16.  GVA from quasi corporate and unorganized segment (which has a share of around 25 per cent in the manufacturing sector) has been estimated using IIP of manufacturing.  IIP for manufacturing sector registered a growth rate of 3.9 per cent during April-November, 2015-16.

 

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 5.9 per cent as compared to growth of 8.0 per cent in 2014-15. The key indicator of this sector, namely, IIP of Electricity registered a growth rate of 4.6 per cent during April-November, 2015-16.

 

Construction

 

9.5   GVA at basic prices for 2015-16 from ‘Construction’ sector is estimated to grow by 3.7 per cent as compared to growth of 4.4 per cent in 2014-15. Key indicators of construction sector, namely, production of cement and consumption of finished steel registered growth rates of 2.2 per cent and 4.4 per cent, respectively, during 2015-16 as compared to 7.9 per cent and 3.6 per cent respectively, in 2014-15.

 

Trade, hotels and Transport & communication and services related to broadcasting

 

9.6. GVA at basic prices for 2015-16 from this sector is estimated to grow by 9.5 per cent as compared to growth of 9.8 per cent in 2014-15. 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 6.5 per cent 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 26.5 per cent during April-December  2015-16. Among the other services sectors, the key indicators of railways, namely, the net tonne kilometres and passenger kilometres have shown growth rate of (-)3.0 per cent and (-)1.4 per cent respectively during April-December 2015-16. In case of other transport sectors, passengers handled by the civil aviation, cargo handled by the civil aviation and cargo handled at major ports registered growth rates of 16.5 per cent, 5.9  per cent and 3.2 per cent, respectively, during April-December 2015-16. Sales of commercial vehicles registered 8.5 per cent growth during April-December of 2015-16.

 

Financial, insurance, real estate and professional services

 

9.7   GVA at basic prices for  2015-16 from this sector is estimated to grow by 10.3 per cent as compared to growth of 10.6  per cent in  2014-15. Major component of this industry is the real estate and professional services which has a share of 71.0 per cent. The key indicators of this sector are the quarterly growth of corporate sector for real estate sector and computer related activities which as estimated from available data from listed companies at current prices are 1.0 per cent and 11.7 per cent, respectively, during April-December, 2015-16. The other indicators of this sector, viz., aggregate bank deposits, and bank credits have shown growth rates of 10.4 per cent, and 9.8 per cent, respectively as on November 2015.

 

Public administration and defence and other services

 

9.8   GVA at basic prices for 2015-16 from this sector is estimated to grow by 6.9 per cent as compared to growth of 10.7 per cent in 2014-15. The key indicator of this sector namely, union government revenue expenditure grew by 2.8 per cent during April-December 2015-16 as compared to 9.0 per cent in April-December, 2014-15.

 

Per Capita Income

 

10.       The per capita income in real terms (at 2011-12 prices) during 2015-16 is likely to attain a level of `77431 as compared to `72,889 for the year 2014-15. The growth rate in per capita income is estimated at 6.2 per cent during 2015-16, as against 5.8 per cent in the previous year.

 

11.     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 3.0 per cent, (-)1.3 per cent, 4.4 per cent and (-)3.0 per cent, respectively during April-December  2015-16. The consumer price index has shown a rise of 4.8 per cent during April-December, 2015-16.

 

B.      ESTIMATES AT CURRENT PRICES

 

Gross Domestic Product

 

12.       GDP is derived by adding taxes on products net of subsidies on products to GVA at basic prices. GDP at current prices in the year 2015-16 is likely to attain a level of `135.67 lakh crore, as against `124.88 lakh crore in 2014-15 showing a growth rate of 8.6 per cent.

 

National Income

13.       The nominal Net National Income (NNI), also known as national income (at current prices) is likely to be `119.62 lakh crore during 2015-16, as against `110.08 lakh crore for the year 2014-15. In terms of growth rates, the national income registered a growth rate of 8.7 per cent in 2015-16 as against the previous year’s growth rate of 10.8 per cent.

 

Per Capita Income

14.       The per capita net national income during 2015-16 is estimated to be `93,231 showing a rise of 7.3 per cent as compared to `86,879 during 2014-15 with the growth rate of 9.4 per cent.

 

II   ANNUAL ESTIMATES OF FINAL EXPENDITURES OF GDP, 2015-16

 

15.       Along with the Advance Estimates of GVA at basic prices by economic activity, the Advance Estimates of expenditures of the GDP at current and constant (2011-12) prices are also released. These estimates have been compiled using the data from the same sources as those used for compiling GVA estimates by economic activity, detailed data available on merchandise trade in respect of imports and exports, balance of payments, and 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, the discussion in the following paragraphs is in terms of market prices only.

 

Private Final Consumption Expenditure

 

16.       Private Final Consumption Expenditure (PFCE) at current prices is estimated at `81.12 lakh crore in 2015-16 as against `71.93 lakh crore in 2014-15. At constant (2011-12) prices, the PFCE is estimated at `63.11 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 59.8 per cent and 55.6 per cent, respectively, as against the corresponding rates of 57.6 per cent and 55.6 per cent, respectively in 2014-15.

 

 

 

 

Government Final Consumption Expenditure

 

17..      Government Final Consumption Expenditure (GFCE) at current prices is estimated at `14.51 lakh crore in 2015-16 as against `13.65 lakh crore in 2014-15. At constant (2011-12) prices, the GFCE is estimated at `11.39 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 10.7 per cent and 10.0 per cent, respectively, as against the corresponding rates of 10.9 per cent and 10.4 per cent, respectively in 2014-15.

 

 

Gross Fixed Capital Formation

18.       Gross Fixed Capital Formation (GFCF) at current prices is estimated at `39.82 lakh crore in 2015-16 as against `38.44 lakh crore in 2014-15. At constant (2011-12) prices, the GFCF is estimated at `35.88 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 29.4 per cent and 31.6 per cent, respectively, as against the corresponding rates of 30.8 per cent and 32.3 per cent, respectively in 2014-15.The GFCF is expected to register growth rate of 3.6 per cent at current prices and 5.3 per cent at constant prices. The rate of expenditure on valuables at current prices is same as 1.5 per cent in 2015-16 and 2014-15.

 

19.       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 and 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 THE THIRD QUARTER (OCTOBER-DECEMBER) OF 2015-16

 

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

20.       The first three quarters of a financial year are denoted by Q1, Q2 and Q3. GDP at constant (2011-12) prices in Q3 of 2015-16 is estimated at `28.52 lakh crore, as against `26.59 lakh crore in Q3 of 2014-15, showing a growth rate of 7.3 per cent. GVA at basic prices at constant (2011-12) prices in Q3 of 2015-16 is estimated at `26.41 lakh crore, as against `24.66 lakh crore in Q3 of 2014-15, showing a growth rate of 7.1 per cent.

21.       Growth rates in various sectors are as follows: ‘agriculture, forestry and fishing’(-1.0 per cent), ‘mining and quarrying’ (6.5 per cent), ‘manufacturing’ (12.6 per cent), ‘electricity, gas and water supply and other utility services’ (6.0 per cent) ‘construction’ (4.0 per cent), Trade, hotels, transport, communication and services related to broadcasting ' (10.1 per cent), 'financial, real estate and  professional  services ' (9.9 per cent), and Public administration, defence  and Other Services' (7.5 per cent).

23.       The estimated growth of the index of mining, manufacturing and electricity during April-December, 2015-16 are 3.5 per cent, 3.1 per cent and 4.9 per cent respectively, in Q3 of 2015-16.  

 

24.       The key indicators of railways, namely, the net tonne kilometers and passenger kilometers have shown growth rates of (-)6.9 per cent and 0.8 per cent, respectively in Q3 of 2015-16, as against the growth rates of 7.9 per cent and 1.5 per cent, 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 11.0 per cent and 1.4 per cent respectively in Q3 of 2015-16.

 

25.       The PFCE and GFCF at constant (2011-12) prices in Q3 of 2015-16 are estimated at `15.92 lakh crore and `8.67 lakh crore, respectively. The rates of PFCE and GFCF as percentage of GDP in Q3 of 2015-16 is 55.8 per cent and 30.4 per cent, respectively, as against the corresponding rates of 56.3 per cent and 31.7 per cent, respectively in Q3 of 2014-15. GFCE at constant (2011-12) prices in Q3 of 2015-16 is estimated at `2.74 lakh crore as against `2.62 lakh crore in Q3 of 2014-15. The rates of GFCE as percentage of GDP in Q3 of 2015-16 is 9.6 per cent as against the corresponding rate of 9.8 per cent in Q3 of 2014-15.

 

(b) Estimates at current prices

 

26.       GDP at current prices in Q3 of 2015-16 is estimated at `34.81 lakh crore, as against `31.87 lakh crore in Q3 of 2014-15, showing a growth rate of 9.2 per cent. GVA at current basic prices in Q3 of 2015-16 is estimated at `31.59 lakh crore, as against `29.28 lakh crore in Q3 of 2014-15, showing a growth of 7.9 per cent.

 

27.       The PFCE and GFCF at current prices in Q3 of 2015-16 are estimated at `20.70 lakh crore and `9.69 lakh crore, respectively. The rates of PFCE and GFCF at current prices as percentage of GDP in Q3 of 2015-16 are estimated at 59.5 per cent and 27.8 per cent, respectively, as against the corresponding rates of 57.9 per cent and 29.9 per cent, respectively in Q3 of 2014-15. GFCE at current  prices in Q3 of 2015-16 is  estimated at `3.54 lakh crore as against `3.29 lakh crore in Q3 of 2014-15. The rates of GFCE as percentage of GDP in Q3 of 2015-16 is 10.2 per cent as against the corresponding rate of 10.3  per cent in Q3 of 2014-15.

 

28.       Estimates of Gross/Net National Income and Per Capita Income along with GVA at basic prices by kind of economic activity and the Expenditures on GDP  for Advance  Estimates , third quarter (Q3) and April-Dec estimates for years, 2013-14, 2014-15 and 2015-16 at constant (2011-12) and current prices, are given in Statements 1 to 12.

 

29.       The next release of quarterly GDP estimate for the quarter January-March, 2016 (Q4 of 2015-16) and provisional annual estimates for the year 2015-16 will be on 31.05.2016.

 

 

 

 

 

STATEMENT 1: Advance Estimates of National Income and Expenditures of GDP, 2015-16 at constant (2011- 12) Prices

 

 

 

 

(` crore)

 

 

 

 

 

 

S.No

 

 

Item

 

 

 

2011-12

 

 

 

2012-13

 

 

 

2013-14

 

 

 

2014-15

 

 

 

2015-16

 

per centage change over previous year

 

 

(2nd RE (NS))

(2nd RE (NS))

(2nd RE (NS))

(2nd RE (NS)

(AE)

2012-13

2013-14

2014-15

2015-16

 

Domestic Product

 

 

 

 

 

 

 

 

1

GVA at basic prices

8106656

8546552

9084369

9727490

10437579

5.4

6.3

7.1

7.3

2

Taxes on Products including import duties

890060

974172

1025799

1108339

1193486

9.5

5.3

8.0

7.7

3

Less Subsidies on Products

260677

293845

270734

283679

280102

12.7

-7.9

4.8

-1.3

4

GDP (1+2-3)

8736039

9226879

9839434

10552151

11350962

5.6

6.6

7.2

7.6

5

NDP

7818898

8217675

8737681

9359476

10071224

5.1

6.3

7.1

7.6

 

Final Expenditures

 

 

 

 

 

 

 

 

6

PFCE

4910447

5170252

5520068

5864283

6310565

5.3

6.8

6.2

7.6

7

GFCE

968375

973498

977521

1102607

1138558

0.5

0.4

12.8

3.3

8

   GFCF

2997619

3143531

3250539

3408251

3587515

4.9

3.4

4.9

5.3

9

   CIS

206854

199096

162036

195007

205809

-3.8

-18.6

20.3

5.5

10

  VALUABLES

253033

259719

150123

173275

196245

2.6

-42.2

15.4

13.3

11

Exports of goods and services

2143931

2288581

2466632

2508402

2349643

6.7

7.8

1.7

-6.3

12

Less Imports of goods and services

2715554

2878384

2643368

2664390

2496119

6.0

-8.2

0.8

-6.3

13

Discrepancies

-28667

70586

-44117

-35284

58745

 

 

 

 

14

GDP

8736039

9226879

9839434

10552151

11350962

5.6

6.6

7.2

7.6

 

RATES TO GDP

 

 

 

 

 

 

 

 

15

PFCE

56.2

56.0

56.1

55.6

55.6

 

 

 

 

16

GFCE

11.1

10.6

9.9

10.4

10.0

 

 

 

 

    17

   GFCF

34.3

34.1

33.0

32.3

31.6

 

 

 

 

18

   CIS

2.4

2.2

1.6

1.8

1.8

 

 

 

 

19

  VALUABLES

2.9

2.8

1.5

1.6

1.7

 

 

 

 

20

Exports of goods and services

24.5

24.8

25.1

23.8

20.7

 

 

 

 

21

Less Imports of goods and services

31.1

31.2

26.9

25.2

22.0

 

 

 

 

22

Discrepancies

-0.3

0.8

-0.4

-0.3

0.5

 

 

 

 

23

GDP

100.0

100.0

100.0

100.0

100.0

 

 

 

 

24

GNI

8659215

9118709

9717062

10427701

11214077

5.3

6.6

7.3

7.5

25

NNI

7742074

8109505

8615309

9235026

9934339

4.7

6.2

7.2

7.6

Per Capita Income, Product and Final Consumption

 

 

 

26

Population* (in million)

1220

1235

1251

1267

1283

1.2

1.3

1.3

1.3

27

Per Capita GDP

71607

74712

78653

83285

88472

4.3

5.3

5.9

6.2

28

Per Capita GNI

70977

73836

77674

82302

87405

4.0

5.2

6.0

6.2

29

Per Capita NNI

63460

65664

68867

72889

77431

3.5

4.9

5.8

6.2

30

Per Capita PFCE

40250

41864

44125

46285

49186

4.0

5.4

4.9

6.3

* Relates to mid-financial year

 

 

 

 

 

 

 

 

 

 

 

 

 

 NS: New Series Estimates; AE: Advance Estimates

 

 

 

 

STATEMENT 2:     Advance Estimates of National Income and Expenditures of GDP at current prices, 2015-16

 

 

( At Current Prices)

(`crore)

 

 

 

 

 

S.No

Item

 

 

 

    2011-12

 

 

 

2012-13

 

 

 

2013-14

 

 

 

2014-15

 

 

 

2015-16

per centage change over previous year

 

 

 

 

2015-   16

 

 

(2nd RE (NS))

(2nd RE (NS))

(2ndRE (NS))

(2nd RE (NS))

(AE)

2012-13

2013-14

2014-15

 

Domestic Product

 

 

 

 

 

 

 

 

1

GVA at basic prices

8106656

9210023

10380813

11472409

12252306

13.6

12.7

10.5

6.8

2

Taxes on Products including import duties

890060

1057977

1201322

1350361

1643688

18.9

13.5

12.4

21.7

3

Less Subsidies on Products

260677

316656

309371

334565

328802

21.5

-2.3

8.1

-1.7

4

GDP (1+2-3)

8736039

9951344

11272764

12488205

13567192

13.9

13.3

10.8

8.6

5

NDP

7818898

8891378

10074292

11155025

12118824

13.7

13.3

10.7

8.6

 

 

 

 

 

 

 

 

 

 

 

 

Final Expenditures

 

 

 

 

 

 

 

 

6

PFCE

4910447

5670929

6507932

7193046

8111993

15.5

14.8

10.5

12.8

7

GFCE

968375

1061360

1152993

1365463

1451174

9.6

8.6

18.4

6.3

8

   GFCF

2997619

3321413

3564320

3844366

3982083

10.8

7.3

7.9

3.6

9

   CIS

206854

212363

179971

220557

233767

2.7

-15.3

22.6

6.0

10

   VALUABLES

253033

273775

162982

192663

209039

8.2

-40.5

18.2

8.5

11

Exports of goods and services

2143931

2439707

2854713

2861066

2672636

13.8

17.0

0.2

-6.6

12

Less Imports of goods and services

2715554

3108428

3190352

3233123

3025076

14.5

2.6

1.3

-6.4

13

Discrepancies

-28667

80227

40206

44168

-68425

 

 

 

 

14

GDP

8736039

9951344

11272764

12488205

13567192

13.9

13.3

10.8

8.6

 

RATES TO GDP

 

 

 

 

 

 

 

 

15

PFCE

56.2

57.0

57.7

57.6

59.8

 

 

 

 

16

GFCE

11.1

10.7

10.2

10.9

10.7

 

 

 

 

17

   GFCF

34.3

33.4

31.6

30.8

29.4

 

 

 

 

18

   CIS

2.4

2.1

1.6

1.8

1.7

 

 

 

 

19

   VALUABLES

2.9

2.8

1.4

1.5

1.5

 

 

 

 

20

Exports of goods and services

24.5

24.5

25.3

22.9

19.7

 

 

 

 

21

Less Imports of goods and services

31.1

31.2

28.3

25.9

22.3

 

 

 

 

22

Discrepancies

-0.3

0.8

0.4

0.4

-0.5

 

 

 

 

23

GDP

100.0

100.0

100.0

100.0

100.0

 

 

 

 

24

GNI

8659215

9834581

11132877

12340772

13409892

13.6

13.2

10.8

8.7

25

NNI

7742074

8774615

9934405

11007592

11961524

13.3

13.2

10.8

8.7

26

GNDI

8964117

10184662

11528795

12745926

13819289

13.6

13.2

10.6

8.4

27

NNDI

8046976

9124696

10330323

11412746

12370921

13.4

13.2

10.5

8.4

 

Per Capita Income, Product and Final Consumption  (At current prices)

 

 

28

Per Capita GDP

71607

80578

90110

98565

105746

12.5

11.8

9.4

7.3

29

Per Capita GNI

70977

79632

88992

97402

104520

12.2

11.8

9.4

7.3

30

Per Capita NNI

63460

71050

79412

86879

93231

12.0

11.8

9.4

7.3

31

Per Capita GNDI

73476

82467

92157

100599

107711

12.2

11.7

9.2

7.1

32

Per Capita PFCE

40250

45918

52022

56772

63227

14.1

13.3

9.1

11.4

 

 

 

 

 

 

 

 

 

 

 

 

Note: Estimates of Disposable Income (GNDI and NNDI) are compiled only at current prices.

 

 

 

 

NS: New Series Estimates; AE: Advance Estimates

 

 

 

 

 

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

(At 2011-12 prices)

(` crore)

Industry

2013-14

 (NS)

2014-15

(NS)

2015-16

(AE)

Per centage change over previous year

2014-15

2015-16

1. Agriculture, forestry & fishing

1,588,237

1,584,293

1,602,036

-0.2

1.1

2. Mining & quarrying

267,378

296,328

316,811

10.8

6.9

3. Manufacturing

1,579,721

1,667,069

1,825,371

5.5

9.5

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

200,861

216,970

229,681

8.0

5.9

5. Construction

818,494

854,636

886,179

4.4

3.7

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

1,669,844

1,833,997

2,007,866

9.8

9.5

7.  Financial,  real estate  &  professional  services

1,844,070

2,039,460

2,249,243

10.6

10.3

8.  Public administration, defence  and Other Services

1,115,765

1,234,737

1,320,393

10.7

6.9

 GVA  at  Basic Price

9,084,369

9,727,490

10,437,579

7.1

7.3

 

 

 

 

 

 

NS: New Series Estimates; AE: Advance Estimates

STATEMENT 4: Advance Estimates of GVA at Basic Price by Economic Activity

(At current prices)

(` crore)

Industry

2013-14

 (NS)

2014-15

(NS)

2015-16

(AE)

Per centage change over previous year

2014-15

2015-16

1. Agriculture, forestry & fishing

1,902,452

1,995,251

2,082,692

4.9

4.4

2. Mining & quarrying

295,978

304,300

315,585

2.8

3.7

3. Manufacturing

1,714,730

1,845,541

1,995,079

7.6

8.1

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

255,812

288,935

319,390

12.9

10.5

5. Construction

931,680

1,003,903

1,009,764

7.8

0.6

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

1,888,835

2,140,370

2,277,734

13.3

6.4

7.  Financial,  real estate  &  professional  services

2,082,765

2,359,279

2,525,532

13.3

7.0

8.  Public administration, defence  and Other Services

1,308,562

1,534,831

1,726,530

17.3

12.5

9.  GVA at Basic Price

10,380,813

11,472,409

12,252,306

10.5

6.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NS: New Series Estimates; AE: Advance Estimates

 

 

 

 

STATEMENT 5: QUARTERLY ESTIMATE OF GVA AT BASIC PRICES FOR OCTOBER-DECEMBER (Q3) OF 2015-16

(at 2011-12  prices)

 

GVA  AT BASIC PRICES (` crore)

PER CENTAGE CHANGE OVER PREVIOUS YEAR

Industry

2013-14

2014-15

2015-16

2014-15

2015-16

 

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

1. Agriculture, forestry & fishing

350478

285513

531155

358482

293560

518326

364396

299572

513190

2.3

2.8

-2.4

1.6

2.0

-1.0

2. Mining & quarrying

68446

56854

65693

79708

60841

71647

86531

63895

76335

16.5

7.0

9.1

8.6

5.0

6.5

3. Manufacturing

388203

391510

378942

418682

414049

385351

449144

451388

433769

7.9

5.8

1.7

7.3

9.0

12.6

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

49779

50410

49935

54853

54845

54324

57037

58942

57608

10.2

8.8

8.8

4.0

7.5

6.0

5. Construction

203346

199046

202892

213576

209577

212754

226302

212076

221323

5.0

5.3

4.9

6.0

1.2

4.0

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

393858

405921

421788

439474

439818

447854

485410

475354

493267

11.6

8.4

6.2

10.5

8.1

10.1

7.  Financial,  real estate  &  professional  services

490042

518487

402984

531933

584292

451652

581380

652020

496439

8.5

12.7

12.1

9.3

11.6

9.9

8.  Public administration, defence  and Other Services

272338

291298

258829

283826

321195

324259

301220

343991

348638

4.2

10.3

25.3

6.1

7.1

7.5

  GVA at Basic Price

2216490

2199040

2312219

2380534

2378178

2466167

2551422

2557238

2640568

7.4

8.1

6.7

7.2

7.5

7.1

 

 

 

 

 

 

 

 


 

 

 

 

STATEMENT 6: QUARTERLY ESTIMATE OF GVA AT BASIC PRICES FOR (Q3) OCTOBER-DECEMBER OF 2015-16

(at current prices)

 

GVA AT BASIC PRICES (` crore)

PER CENTAGE CHANGE OVER PREVIOUS YEAR

Industry

2013-14

2014-15

2015-16

2014-15

2015-16

 

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

1. Agriculture, forestry & fishing

386651

418118

624842

440336

381132

658474

462361

387723

688072

13.9

-8.8

5.4

5.0

1.7

4.5

2. Mining & quarrying

72346

64294

74350

91393

68668

72138

96891

68770

75134

26.3

6.8

-3.0

6.0

0.1

4.2

3. Manufacturing

415275

422647

413514

463326

461155

427083

494143

493927

473615

11.6

9.1

3.3

6.7

7.1

10.9

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

59754

63519

65364

72870

72802

72168

77073

82776

80902

21.9

14.6

10.4

5.8

13.7

12.1

5. Construction

224049

227515

234772

251972

251830

249991

260941

243207

254433

12.5

10.7

6.5

3.6

-3.4

1.8

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

431046

460852

484890

515657

525519

523422

557724

543317

565275

19.6

14.0

7.9

8.2

3.4

8.0

7.  Financial,  real estate  &  professional  services

537055

589931

462241

618229

692696

520260

661369

738816

560454

15.1

17.4

12.6

7.0

6.7

7.7

8.  Public administration, defence  and Other Services

308625

343268

308413

349424

405492

404541

392521

451236

460759

13.2

18.1

31.2

12.3

11.3

13.9

GVA at Basic Price

2434801

2590144

2668385

2803207

2859293

2928077

3003022

3009773

3158646

15.1

10.4

9.7

7.1

5.3

7.9

 

 

 

 

STATEMENT 7: QUARTERLY ESTIMATES OF FINAL EXPENDITURES OF GDP FOR OCTOBER-DECEMBER (Q3) OF 2015-16

(at 2011-12  prices)

 

 

GDP  (` crore)

Rates of GDP  (%)

 

Item

2013-14

2014-15

2015-16

2014-15

2015-16

 

 

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

 

1.      Private Final Consumption Expenditure (PFCE)

1300228

1301891

1473211

1406817

1422029

1495823

1496865

1501895

1591508

55.5

55.4

56.3

54.9

54.3

55.8

 

2.      Government Final Consumption Expenditure (GFCE)

269988

279439

196630

294338

322557

261886

297285

336578

274071

11.6

12.6

9.8

10.9

12.2

9.6

 

3.      Gross Fixed Capital Formation (GFCF)

768726

810865

813485

832420

828754

843733

875840

891606

867229

32.8

32.3

31.7

32.1

32.2

30.4

 

4.      Change in Stocks(CIS)

39819

40158

38869

48976

48434

45077

50641

50894

48907

1.9

1.9

1.7

1.9

1.8

1.7

 

5.      Valuables

36868

38083

33544

42871

38194

37174

47906

47703

47749

1.7

1.5

1.4

1.8

1.7

1.7

 

6.      Exports

556195

619243

623927

620869

625875

636468

584770

598797

576676

24.5

24.4

23.9

21.4

21.6

20.2

 

7.      Less Imports

666014

651335

645634

661700

681230

682281

628715

657767

608565

26.1

26.5

25.7

23.1

23.8

21.3

 

8.      Discrepancies

52988

-68140

-38508

-49687

-36835

21305

1870

-3536

54763

-2.0

-1.4

0.8

0.1

-0.1

1.9

 

      GDP

2358799

2370205

2495523

2534903

2567778

2659185

2726461

2766170

2852339

100.0

100.0

100.0

100.0

100.0

100.0

 

GDP (Per centage change over previous year)

 

 

 

 

 

 

7.6

7.7

7.3

 

 

 

 

 

 

 

 

 

 

STATEMENT 8:  QUARTERLY ESTIMATES OF FINAL EXPENDITURES OF GDP FOR OCTOBER-DECEMBER (Q3) OF 2015-16

(at current prices)

 

GDP (`  crore)

Rates of GDP (%)

Item

2013-14

2014-15

2015-16

2014-15

2015-16

 

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

Q1

Q2

Q3

1.      Private Final Consumption Expenditure (PFCE)

1479480

1541248

1763418

1701060

1768531

1844625

1904600

1935528

2070448

58.3

57.9

57.9

60.1

59.6

59.5

2.      Government Final Consumption Expenditure (GFCE)

307547

330302

236305

353530

403302

328890

368327

431193

354407

12.1

13.2

10.3

11.6

13.3

10.2

3.      Gross Fixed Capital Formation (GFCF)

825430

888203

901765

940407

948182

952357

979234

990348

969324

32.2

31.1

29.9

30.9

30.5

27.8

4.      Change in Stocks(CIS)

43586

44359

43401

55371

55112

51040

57900

57874

55494

1.9

1.8

1.6

1.8

1.8

1.6

5.      Valuables

40026

41345

36417

47668

42468

41333

51030

50813

50862

1.6

1.4

1.3

1.6

1.6

1.5

6.      Exports

615780

746872

726472

706261

726455

731962

665962

681820

670023

24.2

23.8

23.0

21.0

21.0

19.2

7.      Less Imports

768014

827311

783411

799914

840101

835720

761832

796865

754756

27.4

27.5

26.2

24.0

24.5

21.7

8.      Discrepancies

18188

4539

-34977

-87827

-50952

72480

-95561

-101299

65250

-3.0

-1.7

2.3

-3.0

-3.1

1.9

      GDP

2562023

2769557

2889389

2916556

3052996

3186967

3169658

3249412

3481052

100.0

100.0

100.0

100.0

100.0

100.0

GDP (Per centage change over previous year)

 

 

 

 

 

 

8.7

6.4

9.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STATEMENT 9: ESTIMATES OF GVA AT BASIC PRICES IN

APRIL-DECEMBER OF 2015-16

(at 2011-12 prices)

(` crore)

Industry

2013-14

2014-15

2015-16

Per centage change

Over previous year

2014-15

2015-16

1. Agriculture, forestry & fishing

1167146

1170368

1177158

0.3

0.6

2. Mining & quarrying

190994

212196

226762

11.1

6.9

3. Manufacturing

1158656

1218082

1334302

5.1

9.5

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

150124

164022

173587

9.3

5.8

5. Construction

605285

635907

659701

5.1

3.7

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

1221567

1327147

1454030

8.6

9.6

7.  Financial,  real estate  &  professional  services

1411513

1567877

1729840

11.1

10.3

8.  Public administration, defence  and Other Services

822465

929281

993849

13.0

6.9

GVA at Basic Price

6727749

7224879

7749228

7.4

7.3

 

 

 

STATEMENT 10: ESTIMATES OF EXPENDITURES OF GDP IN

APRIL-DECEMBER OF 2015-16

(at 2011-12 prices)

(` crore)

Item

2013-14

2014-15

2015-16

Rates of GDP at (%)

2014-15

2015-16

1.      Private Final Consumption Expenditure

4075331

4324669

4590268

55.7

55.0

2.      Government Final Consumption Expenditure

746057

878781

907935

11.3

10.9

3.      Gross Fixed Capital Formation

2393076

2504907

2634674

32.3

31.6

4.      Change in Stocks

118846

142486

150442

1.8

1.8

5.      Valuables

108495

118238

143358

1.5

1.7

6.      Exports

1799365

1883211

1760244

24.3

21.1

7.      Less Imports

1962982

2025211

1895047

26.1

22.7

8.      Discrepancies

-53660

-65217

53097

-0.8

0.6

      GDP

7224528

7761866

8344970

100.0

100.0

GDP (Per centage change over previous year)

 

7.4

7.5

 

 


 

 

STATEMENT 11: ESTIMATES OF GVA AT BASIC PRICE IN

APRIL-DECEMBER OF 2015-16

(at current prices)

(` crore)

 

Industry

2013-14

2014-15

2015-16

Per centage change

over previous year

2014-15

2015-16

1. Agriculture, forestry & fishing

1429611

1479942

1538156

3.5

3.9

2. Mining & quarrying

210990

232199

240795

10.1

3.7

3. Manufacturing

1251436

1351564

1461685

8.0

8.1

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

188637

217839

240751

15.5

10.5

5. Construction

686336

753793

758582

9.8

0.6

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

1376788

1564597

1666316

13.6

6.5

7.  Financial,  real estate  &  professional  services

1589227

1831185

1960640

15.2

7.1

8.  Public administration, defence  and Other Services

960306

1159457

1304516

20.7

12.5

GVA at Basic Price

7693330

8590577

9171441

11.7

6.8

 

 

STATEMENT 12: ESTIMATES OF EXPENDITURES OF GDP

IN APRIL-DECEMBER OF 2015-16

(at current prices)

(` crore)

 

Item

2013-14

2014-15

2015-16

Rates of GDP at (%)

2014-15

2015-16

1.      Private Final Consumption Expenditure

4784146

5314216

5910576

58.0

59.7

2.      Government Final Consumption Expenditure

874154

1085722

1153928

11.9

11.7

3.      Gross Fixed Capital Formation

2615398

2840947

2938906

31.0

29.7

4.      Change in Stocks

131345

161523

171268

1.8

1.7

5.      Valuables

117788

131468

152704

1.4

1.5

6.      Exports

2089124

2164679

2017804

23.6

20.4

7.      Less Imports

2378736

2475736

2313453

27.0

23.4

8.      Discrepancies

-12250

-66299

-131611

-0.7

-1.3

      GDP

8220969

9156519

9900122

100.0

100.0

GDP (Per centage change over previous year)

 

11.4

8.1

 

 

 

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