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Growth in the GVA at constant 2011-12 prices in Q1, 2016-17

 

·         The growth in GVA at basic prices during Q1, 2016-17, at 2011-12 prices, is estimated at 7.3 percent as compared to the growth rate of 7.2 per cent in Q1, 2015-16.

 

·         The ‘agriculture, forestry and fishing’ sector has shown a growth of 1.8 percent in its GVA during Q1, 2016-17, as against the growth rate of 2.6 percent in the corresponding period of last year. Q1estimates of agriculture sector pertains to Rabi production during agriculture year 2015-16.

 

·         Growth in GVA in mining and quarrying was (-)0.4 percent during Q1, 2016-17 as against the growth rate of 8.5 percent in the corresponding period of last year.

 

·         The manufacturing sector registered 9.1 percent growth during Q1 of 2016-17 as against the growth rate of 7.3 percent in the corresponding period of last year.

 

·         The construction industry is estimated to have grown by 1.5 percent in Q1, 2016-17 as against 5.6 percent in the corresponding period of last year.

 

Services

·         The GVA growth in services sector during Q1, 2016-17 is estimated at 9.6 percent as against 8.8 percent in the corresponding period of last year.

 

·         The GVA growth in trade, hotels, transport, communication and services related to broadcasting sector during Q1, 2016-17 is estimated at 8.1 percent as against 10.0 percent in the corresponding period of last year.

 

·         Public administration, defence and other services is estimated to grow 12.3 percent  as against 5.9 percent in the corresponding period of last year.

 

Growth in the GDP in Q1, 2016-17

 

·         The growth in GDP during Q1, 2016-17 at 2011-12 prices is estimated at 7.1 percent  as compared to the growth rate of 7.5 percent in Q1, 2015-16.  GDP is derived by adding taxes on products net of subsidies on products to GVA at basic prices. Growth in collection of Union Excise duties, custom duties and service tax was  61 percent,  18 percent and 29 percent respectively in  Q1, 2016-17 as against growth of 104 percent, 22 percent and 14 percent respectively, in Q1 2015-16.  Major subsidies grew by 53 percent in Q1 of 2016-17 as against decline of 26 percent in Q1 2015-16.

 

GDP Estimate on Demand Side

·         Growth in Private final consumption expenditure at current prices is estimated at 11.7percent in Q1, 2016-17.

·         Gross Fixed Capital Formation declined by 1.1 percent at current prices in Q1, 2016-17 as compared to an increase by 6.8 percent in Q1, 2015-16. Growth in IIP capital goods was (-)18.0 percent in April-June 2016-17 as against growth of 2.0 percent during April-June 2015-16.

 

 

RDS