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Estimates of Gross Domestic Product for the Second Quarter (July-September) of 2012-13
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....stimates of Gross Domestic Product for the Second Quarter (July-September) of 2012-13 <br>News and Press Release<br>Dated:- 30-11-2012<br><BR>Press Information Bureau Government of India Ministry of Statistics & Programme Implementation 30-November-2012 11:1 IST The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the second quarter (July-September) Q2 of 2012-13, both at constant (2004-05) and current prices, alongwith the corresponding quarterly estimates of Expenditure components of the GDP. The details of the estimates are presented below. I ESTIMATES OF GDP BY ECONOMIC ACTIVITY (a) At constant (2004-05) prices 2. Quarterly GDP at factor cost at constant (2004-05) prices for Q2 of 2012-13 is estimated at Rs. 12,93,922 crore as against Rs. 12,28,982 crore in Q2 of 2011-12, showing a growth rate of 5.3 per cent over the corresponding quarter of previous year. 3. The economic activities which registered significant growth in Q2 of 2012-13 over Q2 of 2011-12 are 'construction' at 6.7 per cent, 'trade, hotels, transport and communication' at 5.5 per ce....
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....nt, 'financing, insurance, real estate and business services' at 9.4 per cent, and 'community, social and personal services' at 7.5 per cent. The growth rates in 'agriculture, forestry & fishing' is estimated at 1.2 per cent, 'mining and quarrying' at 1.9 per cent, 'manufacturing' at 0.8 per cent, 'electricity, gas and water supply' at 3.4 per cent in this period. 4. According to the First Advance Estimates of Production of Foodgrains, Oilseeds and other Commercial Crops for 2012-13 released by the Department of Agriculture and Cooperation on 24.9.2012, production of rice, coarse cereals, pulses and oilseeds are expected to decline by 6.5%, 18.4%, 14.5% and 9.6% respectively during the Kharif season of 2012-13 as compared to the production of these crops in the Kharif season of 2011-12. Apart from production of kharif crops, the growth in 'agriculture, forestry & fishing' estimates of GDP in Q2 are based on the anticipated production of fruits and vegetables, other crops, livestock products, forestry and fisheries. 5. According to the latest estimates available on the Index of Industrial Production (IIP), the index of mining, manufacturing and electricity,....
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.... registered growth rates of 1.8 per cent, 0.2 per cent and 2.8 per cent, respectively in Q2 of 2012-13, as compared to the growth rates of (-) 4.1 per cent, 3.4 per cent and 10.5 per cent in these industries in Q2 of 2011-12. The key indicators of construction sector, namely, cement and consumption of finished steel registered growth rates of 5.1 per cent and 2.3 per cent, respectively in Q2 of 2012-13. 6. Among the services sectors, the key indicators of railways, namely, the net tonne kilometers and passenger kilometers have shown growth rates of 1.4 per cent and 1.8 per cent, respectively in Q2 of 2012-13. 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 civil aviation registered growth rates of 1.6 per cent, (-)0.9 per cent, (-)5.2 per cent, (-)6.3 per cent, respectively in Q2 of 2012-13 over Q2 of 2011-12. The other key indicators, namely, aggregate bank deposits, and bank credits have shown growth rates of 17.5 per cent, and 15.7 per cent, respectively in Q2 of 2012-13 over Q2 of 2011-12. The stock of telephone connections (both WLL an....
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....d cellular) increased by 8.0 per cent in Q2, 2012-13 over Q2 2011-12. (b) At current prices 7. GDP at factor cost at current prices in Q2 of 2012-13, is estimated at Rs. 21,83,794 crore, as against Rs. 19,23,173 crore in Q2, 2011-12, showing an increase of 13.6 per cent. 8. The wholesale price index (WPI), in respect of the groups - food articles, fish, minerals, manufactured products, electricity and all commodities, has risen by 9.0 per cent, 17.7 per cent, 10.3 percent, 6.1 per cent, 16.5 per cent and 7.6 per cent, respectively during Q2 of 2012-13, over Q2 of 2011-12. The consumer price index for industrial workers (CPI-IW) has shown a rise of 9.8 per cent during Q2 of 2012-13 over Q2 of 2011-12. II ESTIMATES OF EXPENDITURES ON GDP 9. The components of expenditure on gross domestic product, namely, consumption expenditure and capital formation, are normally measured at market prices. The aggregates presented in the following paragraphs, therefore, are in terms of market prices. Private Final Consumption Expenditure 10. Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs. 13,31,582 crore in Q2 of 2012-13 as agai....
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....nst Rs. 11,85,844 crore in Q2 of 2011-12. At constant (2004-2005) prices, the PFCE is estimated at Rs. 8,19,825 crore in Q2 of 2012-13 as against Rs. 7,90,738 crore in Q2 of 2011-12. In terms of GDP at market prices, the rates of PFCE at current and constant (2004-05) prices during Q2 of 2012-13 are estimated at 58.3 per cent and 60.8 per cent, respectively, as against the corresponding rates of 57.8 per cent and 60.3 per cent, respectively in Q2 of 2011-12. Government Final Consumption Expenditure 11. Government Final Consumption Expenditure (GFCE) at current prices is estimated at Rs. 2,68,801 crore in Q2 of 2012-13 as against Rs. 2,26,589 crore in Q2 of 2011-12. At constant (2004-05) prices, the GFCE is estimated at Rs. 1,49,604 crore in Q2 of 2012-13 as against Rs. 1,37,672 crore in Q2 of 2011-12. In terms of GDP at market prices, the rates of GFCE at current and constant (2004-05) prices during Q2 of 2012-13 are estimated at 11.8 per cent and 11.1 per cent, respectively, as against the corresponding rates of 11.0 per cent and 10.5 per cent, respectively in Q2 of 2011-12. Gross Fixed Capital Formation 12. Gross Fixed Capital Formation (GFCF) at....
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.... current prices is estimated at Rs. 6,99,379 crore in Q2 of 2012-13 as against Rs. 6,33,680 crore in Q2 of 2011-12. At constant (2004-05) prices, the GFCF is estimated at Rs. 4,55,400 crore in Q2 of 2012-13 as against Rs. 4,37,624 crore in Q2 of 2011-12. In terms of GDP at market prices, the rates of GFCF at current and constant (2004-05) prices during Q2 of 2012-13 are estimated at 30.6 per cent and 33.8 per cent, respectively, as against the corresponding rates of 30.9 per cent and 33.4 per cent, respectively in Q2 of 2011-12. 13. Estimates of GDP at factor cost by kind of economic activity and the Expenditures on GDP for Q2 and H1 (April-September) of 2010-11, 2011-12 and 2012-13 at constant (2004-05) and current prices, are given in Statements 1 to 8. Click here to see Statements. *** AD/DB ============= Document 1 STATEMENT 1: QUARTERLY ESTIMATES OF GDP AT FACTOR COST IN Q2 (JULY-SEPTEMBER) OF 2012-13 (at 2004-05 prices) (Rs. in crore) Percentage change Gross Domestic Product over previous year 2010-11 2011-12 2012-13 2011-12 2012-13 Industry Q1 Q2 1. agriculture, forestry 161614 132668 Q1 167548 Q2 136806 Q1 Q2 Q1 Q2 Q1 ....
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.... Q2 172402 138453 3.7 3.1 2.9 1.2 and fishing 2. mining and quarrying 26304 25398 26251 24016 26282 24462 -0.2 -5.4 0.1 1.9 3. manufacturing 182895 187309 196170 192790 196544 194323 7.3 2.9 0.2 0.8 4. electricity, gas and 22541 22241 24333 24424 25867 25245 8.0 9.8 6.3 3.4 water supply 5. construction 93264 91557 96539 97317 107087 103840 3.5 6.3 10.9 6.7 6. trade, hotels, transport 314546 319798 357883 350263 372192 369526 13.8 9.5 4.0 5.5 and communication 7. financing, ins., real 205861 208815 225165 229498 249575 251103 9.4 9.9 10.8 9.4 est. and business services 8. community, social and personal services 140384 163941 144849 173869 156327 186969 3.2 6.1 7.9 7.5 GDP at factor cost 1147409 1151725 1238738 1228982 1306276 1293922 8.0 6.7 5.5 5.3 33 STATEMENT 2: QUARTERLY ESTIMATES OF EXPENDITURES OF GDP AT MARKET PRICES IN Q2 (JULY-SEPTEMBER) OF 2012-13 (at 2004-05 prices) Item (Rs. in crore) Expenditures of Gross Domestic Product RATES OF GDP AT MARKET PRICES (%) 2010-11 2011-12 2012-13 2011-12 2012-13 Q1 747741 Q2 756224 Q1 784113 Q2 790738 Q1 815319 Q2 ....
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....Q1 Q2 Q1 Q2 819825 59.5 60.3 59.5 60.8 1. Private Final Consumption Expenditure (PFCE) 132685 128464 139179 137672 151747 149604 10.6 10.5 11.1 11.1 2. Government Final Consumption Expenditure (GFCE) 3. Gross Fixed Capital 389641 416689 446754 437624 449701 455400 33.9 33.4 32.8 33.8 Formation (GFCF) 4. Change in Stocks 45184 46275 48411 47577 47813 47520 3.7 3.6 3.5 3.5 31673 32478 34792 35532 15522 25628 2.6 2.7 1.1 1.9 5. Valuables 6. Exports 264394 272242 311908 325999 343335 339897 23.7 24.9 25.1 25.2 7. Less Imports 356700 373362 425661 474308 459422 505436 32.3 36.2 33.6 37.5 -45905 -52559 -22118 8. Discrepancies GDP at market prices 1208714 1226451 1317379 10310 1311143 5248 1369263 15574 -1.7 0.8 0.4 1.2 1348011 100.0 100.0 100.0 100.0 STATEMENT 3: QUARTERLY ESTIMATES OF GDP AT FACTOR COST IN Q2 (JULY-SEPTEMBER) OF 2012-13 (at current prices) (Rs. in crore) Percentage change Gross Domestic Product 2010-11 2011-12 2012-13 over previous year 2011-12 2012-13 Industry Q1 1. agriculture, forestry and 272542 Q2 230823 Q1 317566 Q2 265410 Q1 362506 Q2 295....
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....100 Q1 Q2 Q1 Q2 16.5 15.0 14.2 11.2 fishing 2. mining and quarrying 44221 43710 51901 48561 58911 3. manufacturing 241368 248195 278223 275783 293070 4. electricity, gas and water 30481 30558 32987 33443 36468 54427 294803 40284 15.3 11.1 17.4 11.1 13.5 12.1 6.9 8.2 9.4 10.6 20.5 350 5.3 supply 5. construction 137804 137420 156405 160317 186421 6. trade, hotels, transport 410057 418744 504966 495924 557409 184171 558222 13.5 16.7 19.2 14.9 23.1 18.4 10.4 12.6 and communication 7. financing, ins., real est. 277459 284803 332708 343067 397597 405680 19.9 20.5 19.5 18.3 and business services 8. community, social & 216604 258897 244530 300668 286395 351107 12.9 16.1 17.1 16.8 personal services GDP at factor cost 1630538 1653149 1919286 1923173 2178778 2183794 17.7 16.3 13.5 13.6 STATEMENT 4: QUARTERLY ESTIMATES OF EXPENDITURES OF GDP AT MARKET PRICES IN Q2 (JULY-SEPTEMBER) OF 2012-13 (at current prices) (Rs. in crore) Expenditures of Gross Domestic Product RATES OF GDP AT MARKET PRICES (%) 2010-11 2011-12 2012-13 2011-12 2012-13 Q1 996858 Q2 1039048 Q1 1138337 Q2 1185844 Q1 1281799 Q2 Q1 Q2 ....
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.... Q1 Q2 1331582 55.8 57.8 56.0 58.3 1. Item Private Final (PFCE) Consumption Expenditure 2. Government Final 196255 196849 224124 226589 267337 268801 11.0 11.0 11.7 11.8 Consumption Expenditure (GFCE) 3. Gross Fixed 526832 563685 636371 633680 684893 699379 31.2 30.9 29.9 30.6 Capital Formation (GFCF) 4. Change in 59155 60828 69063 68457 74019 74441 3.4 3.3 3.2 3.3 Stocks 43676 45417 67553 69959 Valuables 364171 378845 470527 496420 39239 559298 59219 3.3 3.4 1.7 2.6 560063 23.0 24.2 24.4 24.5 6. Exports 466263 492131 601758 675467 7. Less Imports -3482 -32029 8. Discrepancies GDP at market prices 1717201 1760513 37331 46663 2041548 2052146 705197 89193 2290582 782835 29.5 32.9 30.8 34.3 73360 2284010 1.8 2.3 3.9 3.2 100 100 100 100 STATEMENT 5: ESTIMATES OF GDP IN H1 (APRIL-SEPTEMBER) OF 2012-13 (at 2004-05 prices) APRIL-SEPTEMBER (H1) 2 (Rs. in crore) Percentage change Industry Gross Domestic Product in H1 of Over previous year H1 2010-11 2011-12 2012-13 2011-12 2012-13 1. agriculture, forestry and 294282 304354 310855 3.4 2.1 fishing 51702 50267 50744 -2.....
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....8 0.9 2. mining and quarrying 3. manufacturing 370204 388960 390867 5.1 0.5 4. electricity, gas and 44782 48757 51112 8.9 4.8 water supply 5. construction 184821 193856 210927 4.9 8.8 6. trade, hotels, transport 634344 708146 741718 11.6 4.7 and communication 7. financing, ins., real est. 414676 454663 500678 9.6 10.1 and business services 8. community, social and personal services 304325 318718 343296 4.7 7.7 GDP at factor cost 2299136 2467721 2600198 7.3 5.4 STATEMENT 6: ESTIMATES OF EXPENDITURES OF GDP AT MARKET PRICES IN H1 (APRIL-SEPTEMBER) OF 2012-13 (at 2004-05 prices) Item APRIL-SEPTEMBER (H1) (Rs. in crore) Rates of GDP at market prices (%) Expenditures of Gross Domestic Product in H1 in H1 2010-11 1503965 2011-12 2012-13 2011-12 2012-13 1574851 1635144 59.9 60.2 1. Private Final Consumption Expenditure (PFCE) 261149 2. Government Final Consumption 276851 301351 10.5 11.1 Expenditure 3. Gross Fixed Capital Formation 806330 884378 905101 33.6 33.3 (GFCF) 91459 95987 95332 3.7 3.5 4. Change in Stocks 5. Valuables 64151 70325 41150 2.7 1.5 6. Exports 536636 637907 683232 24....
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.....3 25.1 7. Less Imports 730062 899969 964858 34.2 35.5 8. Discrepancies -98464 -11808 20822 -0.4 0.8 2435164 2628522 2717273 100 100 GDP at market prices STATEMENT 7: ESTIMATES OF GDP IN H1 (APRIL-SEPTEMBER) OF 2012-13 (at current prices) APRIL-SEPTEMBER (H1) 3 (Rs. in crore) Industry Gross Domestic Product in H1 of Percentage change over previous year H1 2010-11 2011-12 2012-13 2011-12 2012-13 503365 582976 657606 15.8 12.8 1. agriculture, forestry and fishing 87931 100462 113338 14.3 12.8 2. mining and quarrying 3. manufacturing 489563 554006 587873 13.2 6.1 61039 66429 76752 8.8 15.5 4. electricity, gas and water supply 5. construction 275224 316722 370592 15.1 17.0 6. trade, hotels, transport and 828801 1000890 1115631 20.8 11.5 communication 7. financing, ins., real est. and business 562262 675775 803277 20.2 18.9 services 8. community, social and personal 475501 545198 637502 14.7 16.9 services GDP at factor cost 3283687 3842459 4362571 17.0 13.5 STATEMENT 8: ESTIMATES OF EXPENDITURES OF GDP AT MARKET PRICES IN H1 (APRIL-SEPTEMBER) OF 2012-13 (at current prices) APRIL-SEPTEMBER (H1)....
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.... Item Expenditures of Gross Domestic Product in H1 1. Private Final 2010-11 2035906 2011-12 2324181 (Rs. in crore) Rates of GDP at market prices (%) in H1 2012-13 2011-12 2012-13 2613381 56.8 57.1 Consumption Expenditure (PFCE) 2. Government Final 393104 450713 536138 11.0 11.7 Consumption Expenditure 3. Gross Fixed Capital 1090517 1270051 1384272 31.0 30.3 Formation (GFCF) 119983 137520 148460 3.4 3.2 4. Change in Stocks 5. Valuables 89092 137511 98458 3.4 2.2 743016 966948 1119361 23.6 24.5 6. Exports 7. Less Imports 958394 1277225 1488032 31.2 32.5 8. Discrepancies -35511 83994 162553 2.1 3.6 GDP at market prices 3477714 4093693 4574591 100 100 H1: April- September<BR> News - Press release - PIB....