The growth of different sectors of an economy depends on a number of factors, including structural, external, fiscal and monetary factors (which is partly reflected by demonetisation). Therefore, it is not possible to pinpoint the impact of demonetization and GST on sectoral outputs.

  India’s Import and Export data (month-wise) for the Financial Years 2016-17 and 2017-18 along with growth rate is as under: 

Month	Value of Import (in US $ Million)		Growth Rate (in %)
	2017-18	2016-17
April	38209	25689	48.73
May	38317	28286	35.46
June	36983	30917	19.62
July	33986	29305	15.97
August	35561	29303	21.36
September	37628	31839	18.18
October	37117	34495	7.60
TOTAL	257800	209835	22.86

 

Month	Value of Export (in US $ Million)		Growth Rate (in %)
	2017-18	2016-17
April	24592	20863	17.87
May	23969	22407	6.97
June	23108	22656	2.00
July	22382	21692	3.18
August	23517	21597	8.89
September	28732	22768	26.19
October	23050	23361	-1.33
TOTAL	169349	155344	9.02

Note: Figures pertaining to the current Financial Year 2017-18 are provisional.

Source: DGCI&S

The percentage growth of gross value added at constant basic prices for manufacturing and construction sectors of the economy up to second quarter (Q2) of 2017-18 compared to the corresponding period in the previous year are given in the table below. 

Sectors	2015-16	2016-17	2016-17				2017-18
			Q1	Q2	Q3	Q4	Q1	Q2
Manufacturing	10.8	7.9	10.7	7.7	8.2	5.3	1.2	7.0
Construction	5.0	1.7	3.1	4.3	3.4	-3.7	2.0	2.6

Note: As per estimates released by Central Statistics Office

Details of revenue generated from central excise & customs duty during the last 12 months is as under:

Sl. No.	Month	Central Excise (in Rs. Crore)	Customs Duty [On Export/ Import] (in Rs. Crore)
1	December, 2016	33159	18820
2	January, 2017	34089	18974
3	February, 2017	31927	18797
4	March, 2017	35386	21665
5	April, 2017	31817	20764
6	May, 2017	34150	22051
7	June, 2017	25007	21147
8	*July, 2017	21150	30327
9	*August, 2017	18960	31535
10	*September, 2017	18191	31217
11	*October, 2017	17367	29536
12	*November, 2017	18127	28631

Note: * w.e.f  1st July, 2017 the CVD/SAD on Imports, Non-Petroleum component of Central Excise duty and complete Service Tax have been subsumed under GST. The Customs duty on Imports from July - November, 2017 are inclusive of IGST and GST Compensation Cess.

Source: Department of Revenue.

The Minister of State for Commerce and Industry Shri C.R.Chaudhary gave this information in a written reply to a question in Rajya Sabha today.

GST and demonetisation impact on industrial sectors: trade and revenue patterns altered amid attribution uncertainty. Attribution of sectoral growth to demonetisation and GST is indeterminate; the document supplies provisional month wise import and export figures for 2016-17 and 2017-18, quarterly gross value added growth for manufacturing and construction through Q2 2017-18 showing slowdowns, and monthly central excise and customs receipts for the prior 12 months while noting that from 1 July 2017 several excise and service tax components were subsumed under GST and customs receipts include IGST and GST Compensation Cess.