Growth Rate and GDP of India.docx

8/22/2019 Growth Rate and GDP of India.docx

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The GDP of India with regards to purchasing power parity is approximately 4.463 trillion dollars,

which places it in the 4th position in the world. With regards to official exchange rate its GDP is

close to $1.843 trillion.

At the end of 2011 the real growth rate ofIndia GDP was approximately 7.8 percent, which gives

it the 15th rank from a global perspective. In 2010 this was almost 10.1% and in 2009 it was closeto 6.8%.

The per capita (PPP) GDP of India is approximately 3700 US dollars, which places it in the 163rdposition from a global perspective. In 2010 this figure stood at almost $3500 and in the previousyear this was at $3200.

Sectoral Composition of India GDPAs per the figures available for 2011 fiscal, almost 52 percent of Indias GDP comes from theagricultural sector and the services sector is the second biggest contributor with 34 percent. Theindustrial sector contributes almost 14 percent ofIndias GDP.

The Gross Domestic Product (GDP) in India expanded 4.50 percent in the fourth quarter of 2012

over the same quarter of the previous year. GDP Annual Growth Rate in India is reported by the

Ministry of Statistics and Programme Implementation. Historically, from 1951 until 2012, India

GDP Annual Growth Rate averaged 5.85 Percent reaching an all time high of 10.20 Percent inDecember of 1988 and a record low of -5.20 Percent in December of 1979. In India, the annual

growth rate in GDP at factor cost measures the change in the value of the goods and services

produced in India, without counting governments involvement. Simply, the GDP value excludes

indirect taxes (VAT) paid to the government and includes the original value of products without

accounting for government subsidies. This page includes a chart with historical data for India GDP

Annual Growth Rate.


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Agriculture and Other Allied Activities Contribution to GDP

Year 1st Quarter

statistics in INR

crores

2nd Quarter

statistics in INR

crores

3rd Quarter

statistics in INR

crores

4th Quarter

statistics in INR

crores

2004-05 135745 108879 172401 148401

2005-06

139404 113023 185750 156309

2006-07

144790 116947 193209 164245

2007-08

151336 122418 211649 169677

2008-09

154307 123389 204748 171675

2009-

10

156740 126524 201853 177390

2010-11

161614 132668 224044 190778

2011-12

167548 136806 230359 193955

Mining and Quarrying Contribution to India GDP

Year 1st Quarter

statistics in INRcrores

2nd Quarter


3rd Quarter


4th Quarter


2004-05

20275 20067 21744 22943

2005-06

21110 19649 21745 23636

2006-07

22187 20901 23608 25882

2007-08

22391 21837 24620 27149

2008-

09

22903 22125 25226 26989

2009-10

24616 23676 26582 29351

2010-11

26304 25398 28200 29520

2011-12

26251 24016 27403 30798


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Manufacturing Contribution to India GDP

Year 1st Quarter

statistics in INR

crores

2nd Quarter

statistics in INR

crores

3rd Quarter

statistics in INR

crores

4th Quarter

statistics in INR

crores2004-05

104208 116104 115718 122684

2005-06

117187 120670 126161 134992

2006-07

131954 137611 143788 157084

2007-08

148701 152128 158009 170214

2008-09

159042 162174 162114 172445

2009-10

167571 176550 180421 195187

2010-11

182895 187309 194435 209523

2011-12

196170 192790 195509 208999

Electricity, Gas and Water Supply Contribution to GDP

Year 1st Quarterstatistics in INR

crores

2nd Quarterstatistics in INR

crores

3rd Quarterstatistics in INR

crores

4th Quarterstatistics in INR

crores

2004-05

15369 15738 15671 15898

2005-06

16775 16448 16737 17161

2006-07

18054 18076 18561 18667

2007-08

19839 19679 19823 20084

2008-09

20687 20723 20823 21110

2009-10

21902 22175 21656 22533

2010-11

22541 22241 22480 23684

2011-12

24333 24424 24509 24839


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Construction Contribution to GDP

Year 1st Quarter

statistics in INR

crores

2nd Quarter

statistics in INR

crores

3rd Quarter

statistics in INR

crores

4th Quarter

statistics in INR

crores2004-05

54628 55320 57934 60973

2005-06

60665 60888 66693 69877

2006-07

67520 67183 72817 77278

2007-08

75338 76521 80352 83178

2008-09

82403 81673 80911 87571

2009-10

86032 86377 88339 94970

2010-11

93264 91557 96000 103378

2011-12

96539 97317 102376 108385

Trade, Hotel, Transport and Communications Contribution to India GDP


crores


crores


crores


crores

2004-05

166536 173240 186971 200973

2005-06

189062 194038 208192 225403

2006-07

208411 217544 233919 251680

2007-08

234697 239445 258240 279431

2008-09

257700 261944 272156 295776

2009-10

279250 289020 301003 327941

2010-11

314546 319798 330117 365994

2011-12

357883 350263 363101 391527


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Finance, Insurance, Real Estate and Business Services Contribution to GDP

Year 1st Quarter

statistics in INR

crores

2nd Quarter

statistics in INR

crores

3rd Quarter

statistics in INR

crores

4th Quarter

statistics in INR

crores2004-05

105870 106130 110428 114744

2005-06

117760 119871 123364 131482

2006-07

133638 136440 141377 149923

2007-08

150540 153509 158429 165897

2008-09

168259 170953 177881 189619

2009-10

187106 189145 192558 201074

2010-11

205861 208815 214205 221114

2011-12

225165 229498 233758 243294

Community, Social and Personal Services Contribution to GDP


crores


crores


crores


crores

2004-05

92414 100785 100215 117947

2005-06

98447 107946 107861 125904

2006-07

104767 111540 109432 126981

2007-08

109294 119536 115429 139569

2008-09

118993 131515 142649 152027

2009-10

134423 156838 154070 164765

2010-11

140384 163941 152857 180493

2011-12

144849 173869 162710 193275


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India Gross Domestic Product at Factor Cost

Year 1st Quarter

statistics in INR

crores

2nd Quarter

statistics in INR

crores

3rd Quarter

statistics in INR

crores

4th Quarter

statistics in INR

crores2004-05

695045 690774 781082 804564

2005-06

760412 752534 856505 884765

2006-07

831321 826243 936709 971738

2007-08

912135 905075 1026552 1055198

2008-09

984293 974496 1086507 1117212

2009-10

1057641 1070305 1166482 1213211

2010-11

1147409 1151725 1262338 1324484

2011-12

1238738 1228982 1339724 1395071

Indias GDP statistics for the first three months of 2012 were not at par with expectations. During

April the rate of industrial production was pretty unimpressive as well when compared on a year-

on-year basis and to March 2012.

The fact that India has not been able to effect useful structural improvements has hampered its

possible growth as well. In the final quarter the national economy grew at 6.1 percent and in the

next quarter it came down to 5.3%, which is the lowest figure recorded after 2004.

However, inflation rate is still pretty high in India. In May 2012, the WPI inflation increased to 7.55

percent as opposed to 7.23% in April. At present the CPI inflation rate is more than 10 percent.

INDIA'S GDPGROWTH SLOWS TO 4.5% IN Q4

India's quarterly GDP at factor cost at constant (2004-05) prices for Q3 of 2012-13 is

estimated at Rs. 14,11,594 crore, as against Rs. 13,51,252 crore in Q3 of 2011-12, showing a

growth rate of 4.5 percent over the corresponding quarter of previous year.


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The economic activities which registered significant growth in Q3 of 2012-13 over Q3 of 2011-12

are: financing, insurance, real estate and business services at 7.9 percent, construction at 5.8

percent, community, social & personal services at 5.4 percent, trade, hotels, transport and

communication at 5.1 per cent and electricity, gas & water supply at 4.5 percent. The growth rate

in agriculture, forestry & fishing, mining and quarrying and manufacturing is estimated at 1.1

percent, (-) 1.4 per cent and 2.5 per cent, respectively in this period.

According to the second advance estimates of production of crops released on 8.2.2013 by the

Department of Agriculture and Cooperation (DAC), which has been used in compiling the estimate

of GDP from agriculture in Q3 of 2012-13, the production of coarse cereals and pulses during the

Kharif season of 2012-13 is estimated to have declined by 4.8 per cent and 9.3 per cent respectively

over the corresponding season in the previous agriculture year. Among the commercial crops, theproduction of oilseeds is estimated to have declined by 5.9 per cent during the Kharif season of

2012-13, while the production of sugarcane and cotton is expected to decline by 7.3 per cent and

4.0 per cent, respectively, during the agriculture year 2012-13. However, horticulture crops,

livestock products are expected to grow at 3.5 percent and 5.1 percent respectively.

According to the latest estimates available on the Index of Industrial Production (IIP), the index of

mining, manufacturing and electricity, registered growth rates of (-) 3.2 per cent, 2.6 per cent and

4.4 per cent, respectively in Q3 of 2012-13, as compared to the growth rates of (-) 4.2 per cent, 1.1

per cent and 9.6 per cent in these sectors in Q3 of 2011-12. In the mining sector, production of coal

and crude oil registered growth rates of 1.5 per cent and 0.4 per cent in Q3 of 2012-13, as against

the growth rates of 1.1 per cent and (-) 4.1 per cent in Q3 of 2011-12. The key indicators of

construction sector, namely, cement and finished steel production registered growth rates of 2.7 per

cent and 5.7 per cent, respectively in Q3 of 2012-13.

Among the services sectors, the key indicators of railways, namely, the net tonne kilometers and

passenger kilometers have shown growth rates of 0.1 per cent and 3.1 per cent, respectively in Q3

of 2012-13, as against the growth rates of 5.3 per cent and 5.6 per cent, in the corresponding period

of previous year. In the transport and communication sectors, the sale of commercial vehicles,

cargo handled at major ports, cargo handled by the civil aviation and passengers handled by the


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civil aviation registered growth rates of (-) 4.7 per cent, (-) 2.7 per cent, (-) 5.0 per cent and (-)5.9

per cent, respectively in Q3 of 2012-13 over Q3 of 2011-12. The key indicators of banking,

namely, aggregate bank deposits and bank credits have shown growth rates of 11.1 per cent and

15.2 per cent, respectively during April-December, 2012-13 over the corresponding period in 2011-

12.

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