ministry of statistics and programme implementation

8/9/2019 Ministry of Statistics and Programme Implementation

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THIS PRESS RELEASE IS EMBARGOED AGAINST PUBLICATION, TELECAST OR CIRCULATION ON INTERNET

TILL 5:30 PM ON JANUARY 30, 2015

MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION

GOVERNMENT OF INDIA

Dated, the 30

th

January, 201510thMagha, 1936 Saka

PRESS NOTE

NEW SERIES ESTIMATES OF NATI ONAL INCOME,

CONSUMPTION EXPENDITURE, SAVING AND CAPITAL FORMATI ON

(Base year 2011-12)

The Ministry of Statistics & Programme Implementation has released the new series of

national accounts, revising the base year from 2004-05 to 2011-12. The base year of national

accounts was last revised in January 2010.

2. Base year revisions differ from annual revisions in National Accounts primarily because of

nature of changes. In annual revisions, changes are made only on the basis of updated data

becoming available without making any changes in the conceptual framework or using any new

data source, to ensure strict comparison over years. In case of base year revisions, apart from a shift

in the reference year for measuring the real growth, conceptual changes, as recommended by the

international guidelines, are incorporated. Further, statistical changes like revisions in the

methodology of compilation, adoption of latest classification systems, and, inclusion of new and

recent data sources are also made. Changes are also made in the presentation of estimates to

improve ease of understanding for analysis and facilitate international comparability.

3. Improvements as noted above, especially incorporation of new datasets, have resulted in a

correction in the level of GDP, which is likely to affect a wide range of indicators where it is used

as a reference point: for instance, trends in public expenditure, taxes and public sector debt that are

conventionally analysed in terms of their ratios to nominal GDP. It may be noted that the level of

revision in the present base revision is not large enough to affect any of these ratios significantly.

4. Users are requested to note that Gross Domestic Product (GDP) at factor cost will no longer

be discussed in the press releases. As is the practice internationally, industry-wise estimates will bepresented as Gross Value Added (GVA) at basic prices, while GDP at market prices will

henceforth be referred to as GDP. Estimates of GVA at factor cost (earlier called GDP at factor

cost) can be compiled by using the estimates of GVA at basic prices and production taxes less

subsidies as given in Statement 3.1 of this note. For the years 2011-12, 2012-13 and 2013-14, GVA

at factor cost have been compiled and are presented in Statements 10.1 & 10.2.

5. A brief note on the conceptual and statistical changes made in the new series, and its effect

on the key estimates are given in Annex. A short publication giving more details of the revision

shall be made available in public domain by the last week of February 2015.


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6. The salient features of the key macro-economic aggregates are indicated in the following

paragraphs.

Gross Domestic Product

7. GDP for the base year 2011-12 is estimated as Rs. 88.3 lakh crore. Nominal GDP or GDP atcurrent prices for the year 2012-13 is estimated as Rs. 99.9 lakh crore while that for the year 2013-

14 is estimated as Rs. 113.5 lakh crore, exhibiting a growth of 13.1 percent and 13.6 percent during

the years 2012-13 and 2013-14 respectively.

8. Real GDP or GDP at constant (2011-12) prices stands at Rs.92.8 lakh crore and Rs.99.2

lakh crore, respectively for the years 2012-13 and 2013-14, showing growth of 5.1 percent during

2012-13, and 6.9 percent during 2013-14.

Industry-wise Analysis

9. The percentage changes in the Gross Value Added (GVA) at basic prices in different sectors

of the economy are presented in Statements 4.1 and 4.2. At the aggregate level, nominal GVA at

basic prices increased by 13.2 percent during 2013-14, as against 12.9 percent during 2012-13

(Statement 1.1). In terms of real GVA, i.e., GVA at constant (2011-12) basic prices, there has been

a growth of 6.6 percent in 2013-14, as against growth of 4.9 percent in 2012-13.

10. The growth in GVA during 2013-14 has been higher than that in 2012-13 due to higher

growth in trade & repair services (14.3%), communication and services related to broadcasting

(13.4%), other services (10.7%), agriculture, forestry and fishing (3.7%), construction (2.5%)

and public administration & defence (4.9%).

Net National Income

11. Nominal Net National Income (NNI) for the year 2011-12 stands at Rs. 78.5 lakh crore,

while the estimates for the years 2012-13 and 2013-14 are Rs. 88.4 lakh crore and Rs. 100.6 lakh

crore, showing an increase of 12.7 percent and 13.7 percent during 2012-13 and 2013-14

rsepectively.

Gross National Disposable Income

12. Gross National Disposable Income (GNDI) at current prices is estimated as Rs.90.6 lakhcrore for the year 2011-12, while the estimates for the years 2012-13 and 2013-14 stand at 102.2

lakh crore and Rs.116.0 lakh crore, respectively.

Saving

13. Gross Saving during 2011-12 is estimated as Rs.29.9 lakh crore, and the estimates for the

years 2012-13 and 2013-14 are Rs. 31.8 lakh crore and Rs. 34.8 lakh crore respectively. Rate of

Saving to GNDI for the years 2011-12, 2012-13 and 2013-14 is estimated as 33.0 percent, 31.1

percent and 30.0 percent respectively.


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14. The highest contributor to the Gross Saving is the household sector, with a share of 59.4

percent in the year 2013-14. However, the share has declined from 67.3 percent in 2011-12 and

63.4 percent in 2012-13. This decline can be attributed to the decline in household savings in

physical assets, which has declined from Rs.13.4 lakh crore in 2011-12 to Rs. 12.1 lakh crore in

2013-14. On the other hand, the share of Non-Financial Corporations has increased from 29.3

percent in 2011-12 to 34.5 percent in 2013-14. The share of Financial Corporations has beenaround 9 percent in all these years, while the dis-saving of General Government has decreased from

5.4 percent in 2011-12 to 3.2 percent in 2013-14.

Capital Formation

15. Gross Capital Formation (GCF) at current and constant prices is estimated by two

approaches (i) through flow of funds, derived as Gross Saving plus net capital inflow from

abroad; and (ii) by the commodity flow approach, derived by the type of assets. The estimates of

GCF through the flow of funds approach are treated as the firmer estimates, and the difference

between the two approaches is taken as errors and omissions. However, GCF by industry of use

and by institutional sectors does not include valuables, and therefore, these estimates are lower

than the estimates available from commodity flow.

16. Gross Capital Formation (GCF) at current prices is estimated as Rs. 33.7 lakh crore for the

year 2011-12, while the estimates for both the years 2012-13 and 2013-14 stand at Rs. 36.6 lakh

crore. Since GCF did not increase during 2013-14, the rate to GDP declined during the year to 32.3

percent as against 36.6 during 2012-13. The rate of GCF to GDP excluding valuables stands at 33.9

percent and 31 percent during 2012-13 and 2013-14 respectively. The rate of capital formation in

the years 2011-12 to 2013-14 has been higher than the rate of saving because of net capital inflow

from Rest of the World (ROW).

17. In terms of the share to the total GCF (at current prices), the highest contributor is Non-

Financial Corporations, with the share rising steadily from 46.6 percent in 2011-12 to 51.5 percent

in 2013-14. Share of household sector in GCF is also significant, which has declined from 42

percent in 2011-12 to 34.2 percent in 2013-14. The share of General Government in GCF has

increased from 10 percent in 2011-12 to 13.2 percent in 2013-14.

18. The rate of Gross Capital Formation at constant (2011-12) prices has decreased from 37.2 in

2012-13 to 33.4 in 2013-14.

19. Within the Gross Capital Formation at current prices, the Gross Fixed Capital Formation

(GFCF) amounted to Rs. 33.7 lakh crore in 2013-14 as against Rs. 31.4 lakh crore and Rs. 29.7

lakh crore in 2012-13 and 2011-12 respectively. The change in stocks of inventories, at current

prices, decreased from Rs. 2.2 lakh crore in 2011-12 to Rs. 1.8 lakh crore in 2013-14, while the

valuables decreased from Rs. 2.5 lakh crore in 2011-12 to Rs. 1.5 lakh crore in 2013-14.

Consumption Expenditure

20. Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs. 50.9

lakh crore for the base year 2011-12, increasing to Rs. 58.8 lakh crore in 2012-13 and further to Rs.

67.7 lakh crore in 2013-14. In terms of GDP, the rates of PFCE at current prices during 2011-12,


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2012-13 and 2013-14 are estimated at 57.6 percent, 58.8 percent and 59.7 percent respectively.

21. At constant (2011-12) prices, the PFCE is estimated at Rs. 53.7 lakh crore and Rs. 57.0 lakh

crore for the years 2012-13 and 2013-14 respectively. The corresponding rates of PFCE for the

years 2012-13 and 2013-14 are 57.9 percent and 57.5 percent respectively.

22. Government Final Consumption Expenditure (GFCE) is estimated at Rs. 9.9 lakh crore for

the year 2011-12. The estimates of GFCE at current prices for the years 2012-13 and 2013-14 stand

at Rs. 10.9 lakh crore and Rs. 12.8 lakh crore, respectively. At constant (2011-12) prices, the

estimates of GFCE for the years 2012-13 and 2013-14 stand at Rs. 10.0 lakh crore and Rs. 10.9

lakh crore respectively.

Estimates at per capita level

23. For the purpose of estimation of Per Capita Income and Per Capita PFCE, Population

Projections compiled on the basis of Census 2011have been used. Per Capita Income at current

prices, estimated as Per Capita Net National Income at current prices, is estimated at Rs. 64316, Rs.

71593 and Rs. 80388 for the years 2011-12, 2012-13 and 2013-14 respectively. Correspondingly,

Per Capita PFCE at current prices, for the years 2011-12, 2012-13 and 2013-14 is estimated as Rs.

41728, Rs. 47572 and Rs. 54133, respectively.

24. Details of these estimates are available in Statements 1-10 appended with this Press Note.

25. The upcoming releases on GDP are indicated below:

i.

Advance Estimates for the year 2014-15 alongwith quarterly estimates for Q1, Q2 and Q3of 2014-15 on February 9, 2015; and

ii.

Provisional Estimates for the year 2014-15 alongwith estimates for all the four quarters of

the year on May 29, 2015.

*****************


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List of Statements

1. Statement 1.1: Key aggregates of national accounts at current prices

2. Statement 1.2: Key aggregates of national accounts at constant (2011-12) prices

3.

Statement 2:

Per Capita Income, Product and Final Consumption

4. Statement 3.1:Output by economic activity and capital formation by industry of use at current

prices

5. Statement 3.2:Output by economic activity and capital formation by industry of use at constant

(2011-12) prices

6. Statement 4.1:Gross value added by economic activity at current basic prices

7. Statement 4.2:Gross value added by economic activity at constant (2011-12) basic prices

8. Statement 5:Finances for Gross Capital Formation

9. Statement 6.1:Gross Capital Formation by industry of use at current prices

10.

Statement 6.2:

Gross Capital Formation by industry of use at constant (2011-12) prices11.Statement 7.1:Gross Fixed Capital Formation by asset & institutional sector at current prices

12.Statement 7.2:Gross Fixed Capital Formation by asset & institutional sector at constant (2011-

12) prices

13.Statement 8.1:Private Final Consumption Expenditure at Current Prices

14.Statement 8.2:Private Final Consumption Expenditure at Constant (2011-12) Prices

15.Statement 9:Institutional SectorsKey economic indicators at current prices

16.Statement 10.1:Gross Value Added at factor cost by economic activity at current prices

17.Statement 10.2 :Gross Value Added at factor cost by economic activity at constant (2011-12)

prices

NOTES ON THE STATEM ENTS


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Statement 1.1

Key aggregates of national accounts at current prices

` crore)

S.No. Item 2011-12 2012-13 2013-14

2012-13 2013-14

Domestic Product

1 GVA at basic prices 8195546 9252051 10477140 12.9 13.2

2 Taxes on Products including import duties 886969 1057442 1197938 19.2 13.3

3 Less Subsidies on Products 250503 320953 330022 28.1 2.8

4 GDP (1+2-3) 8832012 9988540 11345056 13.1 13.6

5 CFC 908657 1030044 1148645 13.4 11.5

6 NDP(4-5) 7923355 8958496 10196410 13.1 13.8

Final Expenditures

7 PFCE 5090822 5875111 6772066 15.4 15.3

8 GFCE 987220 1093130 1277467 10.7 16.9

9 GCF 3370097 3659183 3662490 8.6 0.1

of which:9.1 GFCF 2971246 3136364 3367856 5.6 7.4

9.2 CIS 214555 213719 176227 -0.4 -17.5

9.3 VALUABLES 253033 275497 145451 8.9 -47.2

10 Exports of goods and services 2143931 2439707 2854713 13.8 17.0

10.1 Export of goods 1466233 1647221 1937531 12.3 17.6

10.2 Export of services 677698 792486 917182 16.9 15.7

11 Less Imports of goods and services 2715554 3108428 3190352 14.5 2.6

11.1 Import of goods 2345463 2669160 2715430 13.8 1.7

11.2 Import of services 370091 439268 474922 18.7 8.1

12 Discrepancies -113242 63439 -58373

13 GDP 8832012 9988540 11345056 13.1 13.6

14 Primary income receivable from ROW (net) -76824 -116763 -139887 52.0 19.8

15 GNI(13+14) 8755188 9871777 11205169 12.8 13.5

16 NNI (15-5) 7846531 8841733 10056523 12.7 13.7

17 Other current transfers (net) from ROW 304902 350081 395918 14.8 13.1

18 GNDI(15+17) 9060090 10221858 11601087 12.8 13.5

19 NNDI(18-5) 8151433 9191814 10452441 12.8 13.7

20 Gross Saving 2993926 3181263 3475935 6.3 9.3

21 Net Saving 2085269 2151219 2327289 3.2 8.2

Rates

22 Gross Saving to GNDI 33.0 31.1 30.0

23 GCF to GDP 38.2 36.6 32.3

24 GCF excluding Valuables to GDP 35.3 33.9 31.0

25 PFCE to NNI 64.9 66.4 67.3

Rates of Expenditure Components to GDP

26 PFCE 57.6 58.8 59.7

27 GFCE 11.2 10.9 11.3

28 GFCF 33.6 31.4 29.7

29 CIS 2.4 2.1 1.6

30 VALUABLES 2.9 2.8 1.3

31 Exports of goods and services 24.3 24.4 25.2

31.1 Export of goods 16.6 16.5 17.1

31.2 Export of services 7.7 7.9 8.1

32 Less Imports of goods and services 30.7 31.1 28.1

32.1 Import of goods 26.6 26.7 23.9

32.2 Import of services 4.2 4.4 4.2

33 Discrepancies -1.3 0.6 -0.5

percentage change over

previous year

Totals may not tally due to rounding off.


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Statement 2

Per Capita Income, Product and Final Consumption

S.No. Item 2011-12 2012-13 2013-14

2012-13 2013-14

1 Population* (in million) 1220 1235 1251 1.2 1.3

At current prices (`

)2 Per Capita GDP 72394 80879 90688 11.7 12.1

3 Per Capita GNI 71764 79933 89570 11.4 12.1

4 Per Capita NNI 64316 71593 80388 11.3 12.3

5 Per Capita GNDI 74263 82768 92735 11.5 12.0

6 Per Capita PFCE 41728 47572 54133 14.0 13.8

At constant (2011-12) prices(`)

7 Per Capita GDP 72394 75148 79305 3.8 5.5

8 Per Capita GNI 71764 74275 78344 3.5 5.5

9 Per Capita NNI 64316 66344 69959 3.2 5.4

10 Per Capita PFCE 41728 43488 45597 4.2 4.8

* Relates to mid-financial year

Percentage change

over previous year


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Statement 3.1

Output by economic activity and capital formation by industry of use at current prices

(`crore)

S.No. Item 2011-12 2012-13 2013-14

1 Agriculture, forestry and fishing

1.1 Output 1953136 2178811 2462737

1.1.1 Intermediate consumption 447556 510135 581585

1.1.2 GVA at basic prices 1505580 1668676 18811521.1.2.1 CFC 95648 110196 127461

1.1.2.2 NVA at basic prices 1409932 1558480 1753691

1.1.2.2.1 CE 232107 253861 289630

1.1.2.2.2 OS/MI 1226205 1365909 1534730

1.1.2.2.3 Production taxes less production subsidies -48380 -61290 -70668

1.2 Gross Capital Formation 275319 258869 278723

1.3 GVA to Output Ratio 77.1 76.6 76.4

1.4 GCF to Output Ratio 14.1 11.9 11.3

2 Mining and quarrying

2.1 Output 443883 495246 523775


2.1.2 GVA at basic prices 262813 284771 298544

2.1.2.1 CFC 31867 35785 40960


2.1.2.2.1 CE 62537 68454 71583

2.1.2.2.2 OS/MI 164968 178856 184524

2.1.2.2.3 Production taxes less production subsidies 3442 1676 1477




3 Manufacturing

3.1 Output 7217642 7489106 8149048



3.1.2.1 CFC 258961 280152 299895


3.1.2.2.1 CE 339734 393274 437480

3.1.2.2.2 OS/MI 870309 963875 1051611







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Statement 3.1


(`crore)

S.No. Item 2011-12 2012-13 2013-14

4Electricity, gas, water supply and other utility services

4.1 Output 860989 993620 1122366

4.1.1 Intermediate consumption 666586 779794 8781464.1.2 GVA at basic prices 194403 213826 244220

4.1.2.1 CFC 62365 74340 86820


4.1.2.2.1 CE 66201 67537 72245

4.1.2.2.2 OS/MI 73829 77067 86559





5 Construction

5.1 Output 2181008 2258819 2436206


5.1.2.1 CFC 36540 42322 47345


5.1.2.2.1 CE 510240 522469 559516

5.1.2.2.2 OS/MI 223062 232482 257310





6 Trade, repair, hotels and restaurants

6.1 Output 1318302 1545662 1837238



6.1.2.1 CFC 45417 55088 66248


6.1.2.2.1 CE 214292 243534 290169

6.1.2.2.2 OS/MI 614703 733395 880638







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Statement 3.1


(`crore)

S.No. Item 2011-12 2012-13 2013-14

7

Transport, storage, communication & services related to

broadcasting

7.1 Output 1256845 1426746 1587185



7.1.2.1 CFC 82603 92550 99084


7.1.2.2.1 CE 206817 231503 255668

7.1.2.2.2 OS/MI 255524 305951 353512





8 Financial services

8.1 Output 650457 736024 815151


8.1.2.1 CFC 7577 9450 11345


8.1.2.2.1 CE 133982 154762 173563

8.1.2.2.2 OS/MI 338301 382082 424397





9

Real estate, ownership of dwelling and professional

services

9.1 Output 1390484 1640195 1912101



9.1.2.1 CFC 154207 186005 213480


9.1.2.2.1 CE 260570 317039 376990

9.1.2.2.2 OS/MI 615049 725682 839063







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Statement 3.1


(`crore)

S.No. Item 2011-12 2012-13 2013-14

10 Public administration and defence

10.1 Output 674659 731660 744084



10.1.2.1 CFC 85197 91313 9819010.1.2.2 NVA at basic prices 407208 463062 532310

10.1.2.2.1 CE 407208 463062 532310

10.1.2.2.2 OS/MI 0 0 0





11 Other Services

11.1 Output 763564 871274 1039013



11.1.2.1 CFC 48273 52842 57816


11.1.2.2.1 CE 340383 381198 448766

11.1.2.2.2 OS/MI 141722 171101 218165





12 Total

12.1 Output 18710969 20367163 22628904



12.1.2.1 CFC 908657 1030044 1148645

12.1.2.2 NVA at basic prices 7286889 8222007 932849412.1.2.2.1 CE 2774071 3096693 3507919

12.1.2.2.2 OS/MI 4523670 5136402 5830509







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Statement 3.2

Output by economic activity and capital formation by industry of use at constant (2011-12) prices

(`crore)

S.No. Item 2011-12 2012-13 2013-14

1 Agriculture, forestry and fishing

1.1 Output 1953136 1972789 2044019


1.1.2 GVA at basic prices 1505580 1523470 15792901.1.2.1 CFC 95648 102239 108662





2 Mining and quarrying

2.1 Output 443883 457458 479957



2.1.2.1 CFC 31867 34070 37126





3 Manufacturing

3.1 Output 7217642 7088458 7389934



3.1.2.1 CFC 258961 269428 279408





4Electricity, gas, water supply and other utility services

4.1 Output 860989 899615 941918



4.1.2.1 CFC 62365 71651 81170







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Statement 3.2


(`crore)

S.No. Item 2011-12 2012-13 2013-14

5Construction

5.1 Output 2181008 2089454 2137045


5.1.2.1 CFC 36540 40377 43973





6 Trade, repair, hotels and restaurants

6.1 Output 1318302 1429704 1620558



6.1.2.1 CFC 45417 51926 60048

6.1.2.2 NVA at basic prices 837540 921874 10434846.2 Gross Capital Formation 204686 300760 364400



7

Transport, storage, communication & services related to

broadcasting

7.1 Output 1256845 1329518 1395673



7.1.2.1 CFC 82603 88848 92260





8 Financial services

8.1 Output 650457 690056 729074



8.1.2.1 CFC 7577 9161 10826







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Statement 3.2


(`crore)

S.No. Item 2011-12 2012-13 2013-14

9

Real estate, ownership of dwelling and professional

services

9.1 Output 1390484 1516081 1654333



9.1.2.1 CFC 154207 173688 190774





10 Public administration and defence

10.1 Output 674659 674630 634055



10.1.2.1 CFC 85197 87747 91431

10.1.2.2 NVA at basic prices 407208 420201 44116510.2 Gross Capital Formation 261548 265961 335836



11 Other Services

11.1 Output 763564 809341 893522



11.1.2.1 CFC 48273 50362 53300





12 Total

12.1 Output 18710969 18957104 19920088



12.1.2.1 CFC 908657 979498 1048979







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Statement 4.1

Gross value added by economic activity at current basic prices

(`crore)

S.No. Item 2011-12 2012-13 2013-14

2011-12 2012-13 2013-14

1. Agriculture, forestry and fishing 1505580 1668676 1881152 18.4 18.0 18.0

1.1 crops 986604 1080421 1233595 12.0 11.7 11.8

1.2 livestock 324013 367318 406035 4.0 4.0 3.91.3 forestry and logging 129105 142886 144698 1.6 1.5 1.4

1.4 fishing and aquaculture 65858 78051 96824 0.8 0.8 0.9

2. Mining and quarrying 262813 284771 298544 3.2 3.1 2.8

3. Manufacturing 1482158 1654084 1808370 18.1 17.9 17.3

3.1 Food Products, Beverages and Tobacco 164211 171900 186611 2.0 1.9 1.8

3.2 Textiles, Apparel and Leather Products 149695 197622 222320 1.8 2.1 2.1

3.3 Metal Products 294827 237157 251563 3.6 2.6 2.4

3.4 Machinery and Equipment 316486 364953 401305 3.9 3.9 3.8

3.5 Other Manufactured Goods 556939 682452 746571 6.8 7.4 7.1

4.Electricity, gas, water supply & other

utility services194403 213826 244220 2.4 2.3 2.3

5. Construction 774093 801884 868808 9.4 8.7 8.3

6. Trade, repair, hotels and restaurants 882957 1046241 1257324 10.8 11.3 12.0

6.1 Trade & repair services 792996 946401 1147274 9.7 10.2 11.0

6.2 Hotels & restaurants 89962 99840 110050 1.1 1.1 1.1

7.Transport, storage, communication &

services related to broadcasting530163 614236 688736 6.5 6.6 6.6

7.1 Railways 61210 72386 79759 0.7 0.8 0.8

7.2 Road transport 260888 303132 334086 3.2 3.3 3.2

7.3 Water transport 7193 7468 7664 0.1 0.1 0.1

7.4 Air transport 4454 7989 6621 0.1 0.1 0.1

7.5 Services incidental to transport 63573 72205 76583 0.8 0.8 0.7

7.6 Storage 5292 6254 6844 0.1 0.1 0.1

7.7Communication & services related to

broadcasting127553 144802 177179 1.6 1.6 1.7

8. Financial services 480232 546440 609464 5.9 5.9 5.89.

Real estate, ownership of dwelling &

professional services1059342 1261259 1465159 12.9 13.6 14.0

10. Public administration and defence 492405 554375 630500 6.0 6.0 6.0

11. Other services 531398 606259 724862 6.5 6.6 6.9

12. TOTAL GVA at basic prices 8195546 9252051 10477140 100.0 100.0 100.0

Percentage Share



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Statement 4.2

Gross value added by economic activity at constant (2011-12) basic prices

(`crore)

S.No. Item 2011-12 2012-13 2013-14

2012-13 2013-14

1. Agriculture, forestry and fishing 1505580 1523470 1579290 1.2 3.7

1.1 crops 986604 985194 1017921 -0.1 3.3

1.2 livestock 324013 340661 359312 5.1 5.51.3 forestry and logging 129105 128160 128550 -0.7 0.3

1.4 fishing and aquaculture 65858 69455 73507 5.5 5.8

2. Mining and quarrying 262813 262253 276380 -0.2 5.4

3. Manufacturing 1482158 1574471 1658176 6.2 5.3

3.1 Food Products, Beverages and Tobacco 164211 160960 167084 -2.0 3.8

3.2 Textiles, Apparel and Leather Products 149695 193215 205338 29.1 6.3

3.3 Metal Products 294827 223142 238557 -24.3 6.9

3.4 Machinery and Equipment 316486 353540 377882 11.7 6.9

3.5 Other Manufactured Goods 556939 643614 669315 15.6 4.0


utility services194403 202224 211846 4.0 4.8

5. Construction 774093 740518 758887 -4.3 2.5

6. Trade, repair, hotels and restaurants 882957 973800 1103532 10.3 13.3

6.1 Trade & repair services 792996 880867 1006951 11.1 14.3

6.2 Hotels & restaurants 89962 92933 96581 3.3 3.9


services related to broadcasting530163 574939 616981 8.4 7.3

7.1 Railways 61210 72249 78940 18.0 9.3

7.2 Road transport 260888 280365 294326 7.5 5.0

7.3 Water transport 7193 7417 7671 3.1 3.4

7.4 Air transport 4454 4192 4444 -5.9 6.0

7.5 Services incidental to transport 63573 69153 71771 8.8 3.8

7.6 Storage 5292 5928 6011 12.0 1.4


broadcasting127553 135635 153818 6.3 13.4

8. Financial services 480232 512313 545107 6.7 6.49.

Real estate, ownership of dwelling &

professional services1059342 1163092 1262231 9.8 8.5

10. Public administration and defence 492405 507948 532596 3.2 4.9

11. Other services 531398 564196 624761 6.2 10.7

12. TOTAL GVA at basic prices 8195546 8599224 9169787 4.9 6.6

percentage change over

previous year



18/31

Statement 5

Finances for Gross Capital Formation

(`crore)

S.No. Item 2011-12 2012-13 2013-14

2011-12 2012-13 2013-14

1 Gross Savings 2993926 3181263 3475935 88.8 86.9 94.9

1.1 Non-financial corporations 877386 978732 1200632 26.0 26.7 32.8

1.1.1 Public non-financial corporations 122853 124619 120540 3.6 3.4 3.3

1.1.1.1 Departmental enterprises 24769 31253 32150 0.7 0.9 0.9

1.1.1.2 Non-departmental enterprises 98084 93366 88390 2.9 2.6 2.4

1.1.2 Private non-financial corporations 754532 854113 1080092 22.4 23.3 29.5

1.2 Financial corporations 262905 314424 321752 7.8 8.6 8.8

1.2.1 Public financial corporations 163313 172607 170220 4.8 4.7 4.6

1.2.1.1 Departmental enterprises 4285 5173 5475 0.1 0.1 0.1

1.2.1.2 Non-departmental enterprises 159028 167434 164745 4.7 4.6 4.5

1.2.2 Private financial corporations 99592 141817 151532 3.0 3.9 4.1

1.3 General Government -160978 -128016 -111628 -4.8 -3.5 -3.0

1.4 Household sector 2014613 2016122 2065179 59.8 55.1 56.41.4.1 Gross financial saving 933543 1024452 1279254 27.7 28.0 34.9

1.4.2 Less Financial liabilities 290117 330218 459804 8.6 9.0 12.6

1.4.3 saving in physical assets 1337552 1284620 1212302 39.7 35.1 33.1

1.4.4 saving in the form of valuables 33635 37267 33427 1.0 1.0 0.9

2 net capital inflow from ROW 376171 477920 186555 11.2 13.1 5.1

3 finances for gross capital formation (1+2) 3370097 3659183 3662490 100.0 100.0 100.0

Percentage Share



19/31

Statement 6.1

Gross Capital Formation by industry of use at current prices

(`crore)

S.No. Item 2011-12 2012-13 2013-14

2011-12 2012-13 2013-14


1.1 crops 235370 217709 234080 7.4 6.5 6.61.2 livestock 25800 24955 25042 0.8 0.7 0.7

1.3 forestry and logging 2223 2235 2813 0.1 0.1 0.1

1.4 fishing and aquaculture 11927 13971 16787 0.4 0.4 0.5


3. Manufacturing 627398 693170 677322 19.7 20.7 19.1


utility services286244 323003 350659 9.0 9.6 9.9

5. Construction 208502 195233 191862 6.5 5.8 5.4


6.1 Trade & repair services 169512 289596 373976 5.3 8.6 10.6

6.2 Hotels & restaurants 35174 31628 32835 1.1 0.9 0.9


services related to broadcasting225796 226362 195466 7.1 6.8 5.5

7.1 Railways 31382 37169 41139 1.0 1.1 1.27.2 Road transport 96146 84069 56020 3.0 2.5 1.6

7.3 Water transport 7366 7204 911 0.2 0.2 0.0

7.4 Air transport 6284 5798 1670 0.2 0.2 0.0

7.5 Services incidental to transport 16327 27784 27016 0.5 0.8 0.8

7.6 Storage 6709 3421 5648 0.2 0.1 0.2


broadcasting61582 60915 63062 1.9 1.8 1.8

8. Financial services 46164 43311 39209 1.4 1.3 1.1

9.Real estate, ownership of dwelling &



11. Other services 148320 164336 205824 4.7 4.9 5.8

12. Total GCF by industry of use* 3185801 3350084 3544083 100.0 100.0 100.0

Percentage Share

* This does not include valuables and adjustment factor from flow of funds and hence will not match with GCF,reported in Statement 1.1



20/31

Statement 6.2

Gross Capital Formation by industry of use at constant (2011-12) prices

(`crore)

S.No. Item 2011-12 2012-13 2013-14

2012-13 2013-14

1. Agriculture, forestry and fishing 275319 239778 238976 -12.9 -0.3

1.1 crops 235370 201629 199959 -14.3 -0.81.2 livestock 25800 22917 21931 -11.2 -4.3

1.3 forestry and logging 2223 2073 2462 -6.7 18.8

1.4 fishing and aquaculture 11927 13159 14624 10.3 11.1

2. Mining and quarrying 66568 76150 97909 14.4 28.6

3. Manufacturing 627398 664132 628053 5.9 -5.4


utility services286244 310892 326130 8.6 4.9

5. Construction 208502 184441 176299 -11.5 -4.4


6.1 Trade & repair services 169512 271070 334811 59.9 23.5

6.2 Hotels & restaurants 35174 29690 29589 -15.6 -0.3


services related to broadcasting225796 216644 181083 -4.1 -16.4

7.1 Railways 31382 34825 36761 11.0 5.67.2 Road transport 96146 80150 51450 -16.6 -35.8

7.3 Water transport 7366 6990 622 -5.1 -91.1

7.4 Air transport 6284 5568 1539 -11.4 -72.4

7.5 Services incidental to transport 16327 26415 24973 61.8 -5.5

7.6 Storage 6709 3195 5013 -52.4 56.9


broadcasting61582 59500 60725 -3.4 2.1

8. Financial services 46164 41621 37210 -9.8 -10.6


professional services835256 709007 636539 -15.1 -10.2


11. Other services 148320 154601 186010 4.2 20.3

12. Total GCF by industry of use* 3185801 3163987 3208447 -0.7 1.4

percentage change

over previous year

* This does not include valuables and adjustment factor from flow of funds and hence will not match with GCF,reported in Statement 1.2



21/31

Statement 7.1

Gross Fixed Capital Formation by asset & institutional sector at current prices

(` crore)

S.No. Item 2011-12 2012-13 2013-14

2011-12 2012-13 2013-14

Gross Fixed Capital Formation 2971246 3136364 3367856 100 100 100

1 Public Non-Financial Corporations 332240 345859 403294 11.2 11.0 12.0

1.1 Dwellings, Other buildings & Structures 139114 144361 169747 4.7 4.6 5.0

1.2 Machinery & equipment 165977 167999 184621 5.6 5.4 5.5

1.3 Cultivated biological resources 199 237 251 0 0 0

1.4 Intellectual property products 26950 33261 48674 0.9 1.1 1.4

2 Private Non-Financial Corporations 958217 1144400 1256228 32.2 36.5 37.3





3 Public Financial Corporations 8428 10385 11976 0.3 0.3 0.4




3.4 Intellectual property products 160 284 273 0 0 0

4 Private Financial Corporations 27970 29954 32052 0.9 1.0 1.0





5 General Government 316117 342443 465501 10.6 10.9 13.8





6 Household Sector 1328274 1263323 1198806 44.7 40.3 35.6



6.3 Cultivated biological resources 5629 4825 4955 0.2 0.2 0.1

6.4 Intellectual property products 59 84 66 0 0 0

Percentage Share

Figures in parentheses indicate share in the concerned institutional sector



22/31

Statement 7.2

Gross Fixed Capital Formation by asset & institutional sector at constant (2011-12) prices

(` crore)

S.No. Item 2011-12 2012-13 2013-14

Gross Fixed Capital Formation 2971246 2962726 3050236

1 Public Non-Financial Corporations 332240 327161 362636

1.1 Dwellings, Other buildings & Structures 139114 132914 146128

1.2 Machinery & equipment 165977 163856 176035

1.3 Cultivated biological resources 199 216 204

1.4 Intellectual property products 26950 30175 40269

2 Private Non-Financial Corporations 958217 1099809 1170457





3 Public Financial Corporations 8428 10117 11433





4 Private Financial Corporations 27970 28737 30012





5 General Government 316117 320816 417165





6 Household Sector 1328274 1176086 1058533







23/31

Statement 8.1

Private Final Consumption Expenditure at Current Prices

(`crore)

S.No. Item 2011-12 2012-13 2013-14

2011-12 2012-13 2013-14

Private Final Consumption Expenditure

1. By purpose

1.1 Food and non-alcoholic beverages 1492455 1758536 2079916 29.2 29.7 30.5

1.2 Alcoholic beverages, tobacco and narcotics 158311 159751 175854 3.1 2.7 2.6

1.3 Clothing and footwear 357504 411826 456457 7.0 7.0 6.7

1.4 Housing, water, electricity, gas and other fuels 770788 862486 1000566 15.1 14.6 14.7

1.5Furnishings, household equipment and routine

household maintenance182432 226315 266069 3.6 3.8 3.9

1.6 Health 181334 220931 261209 3.5 3.7 3.8

1.7 Transport 761608 891162 982240 14.9 15.1 14.4

1.8 Communication 98012 110846 127287 1.9 1.9 1.9

1.9 Recreation and culture 56273 60701 66378 1.1 1.0 1.0

1.1 Education 137067 156437 187785 2.7 2.6 2.8

1.11 Restaurants and hotels 116644 129186 156100 2.3 2.2 2.31.12 Miscellaneous goods and services 803942 923609 1052533 15.7 15.6 15.5

2. By durability

2.1 Durable goods 165686 214075 237598 3.2 3.6 3.5

2.2 Semi-durable goods 442110 502097 551315 8.6 8.5 8.1

2.3 Non-durable goods 2118750 2475754 2856894 41.4 41.9 41.9

2.4 Services 2389826 2719859 3166587 46.7 46.0 46.5

3.Private Final Consumption Expenditure in

domestic market5116371 5911785 6812394 100.0 100.0 100.0

4.1Final consumption expenditure of resident

households in the rest of the world65906 64333 71426 +1.3 +1.1 +1

4.2 Final consumption expenditure of non-residenthouseholds in the economic territory

91455 101007 111754 -1.8 -1.7 -1.6

5.Private Final Consumption Expenditure (3+4.1-

4.2)5090822 5875111 6772066 99.5 99.4 99.4

Percentage Share



24/31

Statement 8.2

Private Final Consumption Expenditure at Constant (2011-12) Prices

(`crore)

S.No. Item 2011-12 2012-13 2013-14

2012-13 2013-14

Private Final Consumption Expenditure

1. By purpose

1.1 Food and non-alcoholic beverages 1492455 1574878 1696626 5.5 7.7

1.2 Alcoholic beverages, tobacco and narcotics 158311 143849 143808 -9.1 0.0

1.3 Clothing and footwear 357504 372629 376674 4.2 1.1

1.4 Housing, water, electricity, gas and other fuels 770788 810985 849348 5.2 4.7

1.5Furnishings, household equipment and routine

household maintenance182432 215665 239061 18.2 10.8

1.6 Health 181334 207641 230829 14.5 11.2

1.7 Transport 761608 783230 825751 2.8 5.4

1.8 Communication 98012 103745 111475 5.8 7.5

1.9 Recreation and culture 56273 56901 58714 1.1 3.2

1.1 Education 137067 145786 161515 6.4 10.8

1.11 Restaurants and hotels 116644 120330 137162 3.2 14.01.12 Miscellaneous goods and services 803942 869289 908614 8.1 4.5

2. By durability

2.1 Durable goods 165686 202603 220750 22.3 9.0

2.2 Semi-durable goods 442110 458481 463820 3.7 1.2

2.3 Non-durable goods 2118750 2195039 2331983 3.6 6.2

2.4 Services 2389826 2548805 2723024 6.7 6.8

3.Private Final Consumption Expenditure in

domestic market5116371 5404928 5739577 5.6 6.2

4.1Final consumption expenditure of resident

households in the rest of the world65906 59923 62777 -9.1 4.8

4.2 Final consumption expenditure of non-residenthouseholds in the economic territory

91455 94083 98222 2.9 4.4

5.Private Final Consumption Expenditure (3+4.1-

4.2)5090822 5370768 5704132 5.5 6.2

percentage change

over previous year



25/31

Statement 9

Institutional Sectors Key economic indicators at current prices

(`crore)

S.No. Item 2011-12 2012-13 2013-14

1 Public non-financial corporations

1.1 Gross Value Added at basic prices 627456 673807 725889

1.2 Gross Savings 122853 124619 120540

1.3 Gross Capital Formation 347393 363076 4234101.4 Consumption of Fixed Capital 131353 144970 159956

2 Private non-financial corporations


2.2 Gross Savings 754532 854113 1080092


2.4 Consumption of Fixed Capital 346443 392580 439181

3 Public Financial corporations


3.2 Gross Savings 163313 172607 170220



4 Private Financial corporations


4.2 Gross Savings 99592 141817 151532



5 General Government


5.2 Gross Disposable Income 826242 965114 1165839

5.3 Final Consumption Expenditure 987220 1093130 1277467

5.4 Gross Savings -160978 -128016 -111628



6 Households including NPISH


6.2 Gross Disposable Income 7093557 7963587 8912864

6.3 Final Consumption Expenditure 5090822 5875111 6772066

6.4 Gross Savings 2014613 2016122 2065179





26/31

Statement 10.1

Gross Value Added at factor cost by economic activity at current prices

(`crore)

S.No. Item 2011-12 2012-13 2013-14

2011-12 2012-13 2013-14



3. Manufacturing 1469005 1637302 1788986 17.9 17.7 17.1

4.Electricity, gas, water supply & other utility

services202395 218944 245624 2.5 2.4 2.3

5. Construction 769842 797274 864171 9.4 8.6 8.2


7.Transport, storage, communication & services

related to broadcasting544944 630005 708264 6.6 6.8 6.8

8. Financial services 479860 546294 609305 5.8 5.9 5.8




11. Other services 530378 605141 724747 6.5 6.5 6.9

12. TOTAL GVA at factor cost 8206398 9263138 10487074 100.0 100.0 100.0

Statement 10.2

Gross Value Added at factor cost by economic activity at constant (2011-12) prices

(`crore)

S.No. Item 2011-12 2012-13 2013-14

2012-13 2013-14

1. Agriculture, forestry and fishing 1553960 1580362 1640869 1.7 3.8

2. Mining and quarrying 259371 260697 275093 0.5 5.5

3. Manufacturing 1469005 1558893 1641285 6.1 5.3

4.Electricity, gas, water supply & other utility

services202395 206975 213069 2.3 2.9

5. Construction 769842 736239 754847 -4.4 2.5


7.Transport, storage, communication & services

related to broadcasting544944 589576 633997 8.2 7.5

8. Financial services 479860 512177 544969 6.7 6.4


professional services1029826 1132894 1231187 10.0 8.7


11. Other services 530378 563158 624661 6.2 10.9

12. TOTAL GVA at factor cost 8206398 8609516 9178444 4.9 6.6

percentage change

over previous year

Percentage Share



27/31

NOTES ON THE STATEMENTS

ACRONYMS USED IN THE PRESS RELEASE

GDP: Gross Domestic Product

GVA: Gross Value Added

GNI: Gross National Income

NDP: Net Domestic ProductNNI: Net National Income

GNDI: Gross National Disposable Income

PFCE: Private Final Consumption Expenditure

GFCE: Government Final Consumption Expenditure

CFC: Consumption of Fixed Capital

GFCF: Gross Fixed Capital Formation

CIS: Changes in Stock

CE: Compensation of EmployeesOS: Operating Surplus

MI: Mixed Income

ROW: Rest of the World

FORMULAE

1.

GVA at basic prices = CE + OS/MI + CFC + Production taxes less Production subsidies

2.

GVA at factor cost (earlier referred to as GDP at factor cost) = GVA at basic prices Production taxes

less Production subsidies

3. GDP = GVA at basic prices + Product taxes - Product subsidies

4. NDP/NNI = GDP/GNI - CFC

5. GNI = GDP + Net primary income from ROW (Receipts less payments)

6. Primary Incomes = CE + Property and Entrepreneurial Income

7. NNDI =NNI + other current transfers from ROW, net (Receipts less payments)

8. GNDI = NNDI + CFC = GNI + other current transfers from ROW, net (Receipts less payments)

9. Gross Capital Formation= Gross Savings+ Net Capital Inflow from ROW

10.GCF = GFCF + CIS + Valuables + Errors and Omissions

11.Gross Disposable Income of Govt. = GFCE + Gross Saving of GG

12.Gross Disposable Income of Households = GNDIGDI of Govt.Gross Savings of All Corporations

REMARKS ON THE FORMULAE:

1. Production taxes or subsidies are paid or received with relation to production and are independent of

the volume of actual production. Some examples are:

Production Taxes - Land Revenues, Stamps and Registration fees and Tax on profession

Production Subsidies - Subsidies to Railways, Input subsidies to farmers, Subsidies to village and small

industries, Administrative subsidies to corporations or cooperatives, etc.

3. Product taxes or subsidies are paid or received on per unit of product. Some examples are:

Product Taxes: Excise Tax, Sales tax, Service Tax and Import and Export duties

Product Subsidies: Food, Petroleum and fertilizer subsidies, Interest subsidies given to farmers,

households etc through banks, Subsidies for providing insurance to households at lower rates

8. Other Current Transfers refers to current transfers other than the primary incomes

9. Estimate of GCF derived from this formula is taken as the firmer estimate and the difference between

this estimate and the sum of GFCF, CIS and valuables is taken as errors and omissions, as referred

in 10 above.


28/31

Annex

CHANGES IN THE NEW SERIES OF NATIONAL ACCOUNTS

The changes introduced in this comprehensive revision have been guided by the

recommendations of the international guidelines on the subject, System of National Accounts,

2008. Major changes that have been made in this series are outlined as under:

Comprehensive coverage of Corporate Sector both in manufactur ing and services by

incorporation of annual accounts of companies as filed with the Ministry of Corporate

Affairs (MCA) under their e-governance initiative, MCA21. Partnership firms covered

under Limited Liability Partnership Act have also been covered. For the manufacturing

enterprises, MCA21 database has been used to supplement the information available in the

Annual Survey of Industries. Improved coverage of activities of local bodies both rural and urban and autonomous

institutions, resulting in better coverage of government activities.

Incorporation of the results of the recent NSS Surveys, viz., Unincorporated Enterprise

Survey (2010-11) and Employment-Unemployment Survey (2011-12), alongwith the

adoption of an Effective Labour Input Method for unincorporated manufactur ing and

services enterprises, giving due weights to different categories of workers, i.e., owners,

hired workers and helpers, for compiling the estimates of these enterprises.

Apart from the above-mentioned major changes, specific changes have also been made in thefollowing industries/sectors:

Agriculture, forestry and fishing

i. Segregation of crop and livestock production;

ii. Adoption of Agriculture Census (2010-11) and Livestock Census (2012);

iii. Revision of yield rates of meat & by-products of different livestock species based on study

conducted by National Research Centre on Meat, Hyderabad.

Mining & manufacturing

i. Estimation of value addition from extraction of sand through an indirect method, in

accordance with its use in construction;

ii.

Enterprise Approach adopted for mining and manufacturing activity using MCA21

database to account for head offices, ancillary activities, etc. not covered under the

establishment approach.

Electricity, gas, water supply & other utility services

i. Utility services, including sewage, waste management, recycling and remediation activities,

brought under the group electricity, gas and water supply;

Construction

i. Study on the inputs in the Construction sector by Central Building Research Institute

(CBRI), Roorkee

ii.

Incorporation of results of NSS All India Debt & Investment Survey, 2013Non-financial Services


29/31

i.

Use of Consumer Price Indices-Rural, Urban and Combined, instead of the CPI-AL/RL/IW

being used earlier;

ii. Use of Service Tax as an indicator for growth in the respective service (s)

Financial Services

i.

Comprehensive coverage of financial sector by inclusion of information from the accountsof stock brokers, stock exchanges, asset management companies, mutual funds and pension

funds, as well as the regulatory bodies, SEBI, PFRDA and IRDA;

In addition to the industry specific changes stated above, changes have been made in estimation

of the expenditure side aggregates:

i.

In the asset-classification, a new category of investment, intellectual property products

(IPPs) consists of research and development; mineral exploration; databases and software;

other IPPs - IPPs are recognised in the business accounts as Intellectual Capital;

ii. Comprehensive coverage of physical assets by inclusion of valuables purchased by

households as savings under household savings in physical assets;

iii.

For the key aggregates, estimates have been provided by institutional sectors

Public/Private Financial and Non-financial Corporations, General Government and

Households;

iv.

Updation of expenditure pattern of the households using NSS Consumer Expenditure

Survey (2011-12);

v.

Updation of wastage ratios of crops and livestock products using a study conducted by

Central Institute of Post-Harvest Engineering and Technology (CIPHET), Ludhiana on

Harvest and Post-harvest losses of major crops and livestock products in India

vi.

Improvement in estimates of values and service lives of assets; andvii.

Classification of indirect taxes and subsidies as production and product.

Effect of improvement on major aggregates

The improvements in methodology for estimation and the new and revised source data

incorporated as part of this comprehensive revision have notable effects on the national accounts

statistics without changing broad economic trends. The level of revisions in the major aggregates is

given below in Table 1.

Table 1Changes at the aggregate level

(Amount in Rs. lakh crore)

S.No. Item 2011-12 2012-13 2013-14

2011-12Series

2004-05Series

%change

2011-12Series

2004-05Series

%change

2011-12Series

2004-05Series

%change

1 GVA at factor cost 82.1 83.9 -2.2 92.6 93.9 -1.3 104.9 104.7 0.2

2 GVA at basic prices 82.0 85.4 -4.0 92.5 95.6 -3.2 104.8 -

3 GDP 88.3 90.1 -2.0 99.9 101.1 -1.2 113.5 113.6 -0.1

4 GNI 87.6 89.3 -2.0 98.7 100.0 -1.2 112.1 112.3 -0.2

5 NNI 78.5 80.5 -2.6 88.4 89.8 -1.5 100.6 100.5 0.0


30/31

(Amount in Rs. lakh crore)

S.No. Item 2011-12 2012-13 2013-14

2011-12

Series

2004-05

Series

%

change

2011-12

Series

2004-05

Series

%

change

2011-12

Series

2004-05

Series

%

change

6 GNDI 90.6 92.4 -1.9 102.2 103.5 -1.2 116.0 116.1 0.0

7 Gross Savings 29.9 28.2 6.0 31.8 30.4 4.5 34.8 -8 PFCE 50.9 51.4 -1.0 58.8 57.7 1.8 67.7 64.9 4.4

8 GFCE 9.9 10.3 -3.8 10.9 11.9 -8.1 12.8 13.4 -4.8

10 GCF 33.7 32.0 5.3 36.6 35.2 3.9 36.6 -

10.1 Of which GFCF 29.7 28.6 3.9 31.4 30.7 2.1 33.7 32.1 4.9

11 Exports 21.4 21.5 -0.3 24.4 24.3 0.5 28.5 28.2 1.3

12 Imports 27.2 27.2 -0.2 31.1 31.1 0.0 31.9 32.3 -1.1

Industry-wise Growth rates

At the industry level, changes have affected the year-on-year growth rates in the case of mining and

manufacturing due to the adoption of MCA21 database, and in the case of non-financial services

due to the use of sales/service tax as an indicator for nominal growth.

Table 2

Changes in growth at current and constant pr ices

S.No. Industry

Growth at current prices Growth at constant prices

2012-13 2013-14 2012-13 2013-14

2004-05

Series

2011-12

Series

2004-05

Series

2011-12

Series

2004-05

Series

2011-12

Series

2004-05

Series

2011-12

Series

1. Agriculture, forestry and fishing 9.7 10.8 15.9 12.7 1.4 1.2 4.7 3.7

2. Mining and quarrying -0.1 8.4 0.1 4.8 -2.2 -0.2 -1.4 5.4

3. Manufacturing 6.9 11.6 2.2 9.3 1.1 6.2 -0.7 5.3

4.Electricity, gas, water supply &

other utility services15.8 10.0 29.2 14.2 2.3 4.0 5.9 4.8

5. Construction 10.2 3.6 7.7 8.3 1.1 -4.3 1.6 2.5

6. Trade, repair, hotels and restaurants 10.9 18.5 7.0 20.2 4.5 10.3 1.0 13.3


services related to broadcasting15.3 15.9 10.2 12.1 6.0 8.4 6.1 7.3

8.Financial, real estate & business

services17.1 17.4 19.9 14.8 10.9 8.8 12.9 7.9

9. Community, social & personal services 16.2 17.4 13.5 14.8 5.3 8.8 5.6 7.9

TOTAL GVA 11.9 12.9 11.5 13.2 4.5 4.9 4.7 6.6

Note: Estimates for the earlier series (2004-05 series) have been derived from GVA at factor cost,

while estimates for the 2011-12 series have been derived from GVA at basic prices.

Share of industries in aggregate GVA

Marked changes have also been observed in the shares of two major industries, namely,

manufacturing and trade. In the case of manufacturing, with the availability of the MCA21


31/31

database, coverage of the activities other than manufacturing in the companies has improved

significantly. Estimates of trade and repair services has become lower than in the old series

because of two reasons-

(i) Trade carried out by manufacturing companies, which has now become part of

manufacturing, was earlier covered in trade because of establishment approach;

(ii)

In 2004-05, no recent survey of unorganised trade enterprises was available for

incorporation and hence the estimates were based on the survey conducted in 1999-

2000. This has now been updated with the survey on Unincorporated Enterprises

conducted by NSS in 2010-11.

Share of the other sectors have also undergone change due to adoption of the latest data sources.

Comparative industry group-wise shares in 2004-05 series and 2011-12 can be seen in Table 3

below.

Table 3

Shares in GVA at curr ent pr ices

S.

No.Industry

2011-12 2012-13 2013-14

2004-05

Series

2011-12

Series

2004-05

Series

2011-12

Series

2004-05

Series

2011-12

Series

1. Agriculture, forestry and fishing 17.9 18.4 17.5 18.0 18.2 18.0

2. Mining and quarrying 2.7 3.2 2.4 3.1 2.1 2.8

3. Manufacturing 14.7 18.1 14.1 17.9 12.9 17.3

4. Electricity, gas, water supply & other utility

services1.6 2.4 1.7 2.3 1.9 2.3

5. Construction 8.2 9.4 8.1 8.7 7.8 8.36.

Trade, repair, hotels and restaurants 17.4 10.8 17.2 11.3 16.5 12.0

7. Transport, storage, communication & services

related to broadcasting7.3 6.5 7.5 6.6 7.5 6.6

8. Financial, real estate & business services 16.5 18.8 17.2 19.5 18.5 19.8

9. Community, social & personal services 13.8 12.5 14.3 12.5 14.5 12.9

TOTAL GVA 100.0 100.0 100.0 100.0 100.0 100.0

Note: Estimates for the earlier series (2004-05 series) have been derived from GVA at factor cost,

while estimates for the 2011-12 series have been derived from GVA at basic prices.

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ministry of statistics and programme implementation

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