TaxTMI 
TaxTMI 
TaxTMI 
Estimates of Gross Domestic Product For the Second Quarter (July-September) of 2013-14
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....stimates of Gross Domestic Product For the Second Quarter (July-September) of 2013-14 <br>Customs, DGFT & SEZ<br>Dated:- 30-11-2013<br><BR>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 2013-14, 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 2013-14 is estimated at Rs. 13.68 lakh crore as against Rs. 13.05 lakh crore in Q2 of 2012-13, showing a growth rate of 4.8 per cent over the corresponding quarter of previous year. 3. The economic activities which registered significant growth in Q2 of 2013-14 over Q2 of 2011-12 are 'agriculture, forestry and fishing' at 4.6 per cent, 'electricity, gas and water supply' at 7.7 per cent 'construction' at 4.3 per cent, 'financing, insurance, real estate and business services' at 10.0 per cent....
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.... and 'community, social and personal services' at 4.2 per cent. The growth rates in 'mining and quarrying' is estimated at (-)0.4 per cent, 'manufacturing' at 1.0 per cent, and 'trade, hotels, transport and communication' at 4.0 per cent in this period. Agriculture 4. According to the First Advance Estimates of Production of Foodgrains, Oilseeds and other Commercial Crops for 2013-14 released by the Department of Agriculture and Cooperation on 25.9.2013, production of coarse cereals, pulses and oilseeds are expected to grow by 4.9%, 1.9% and 14.9% respectively during the Kharif season of 2013-14 as compared to the production of these crops in the Kharif season of 2012-13. Apart from production of kharif crops, the growth in 'agriculture, forestry & fishing' estimates of GDP in Q2 are based on the estimated production of fruits and vegetables, other crops, livestock products, forestry and fisheries. Industry 5. According to the latest estimates available on the Index of Industrial Production (IIP), the index of mining, manufacturing and electricity, registered growth rates of (-) 0.1 per cent, 1.2 per cent and 8.4 per cent, respectively in Q2 of 2013-14. The key indicators of co....
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....nstruction sector, namely, production of cement and consumption of finished steel registered growth rates of 5.9 per cent and 1.3 per cent, respectively in Q2 of 2013-14. Services 6. Among the services sectors, key indicators of railways, namely, the net tonne kilometers and passenger kilometers have shown growth rates of 3.7 per cent and (-) 2.5 per cent, respectively in Q2 of 2013-14. In the transport sector, 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 (-)22.1 per cent, 5.9 per cent, 0.4 per cent and 12.6 per cent, respectively in Q2 of 2012-13 over Q2 of 2012-13. The other key indicators, namely, aggregate bank deposits, and bank credits have shown growth rates of 12.0 per cent, and 15.4 per cent, respectively as on September 2013-14. (b) At current prices 7. GDP at factor cost at current prices in Q2 of 2013-14, is estimated at Rs. 25.05 lakh crore, as against Rs.22.28 lakh crore in Q2, 2012-13, showing an increase of 12.4 per cent. 8. The wholesale price index (WPI), in respect of the groups - food articles, inl....
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....and fish, machinery & machine tools, manufactured products, electricity and all commodities, has risen by 16.3 per cent, 35.8 per cent, 2.0 percent, 2.2 per cent, 13.0 per cent and 6.1 per cent, respectively during Q2 of 2013-14, over Q2 of 2012-13. The consumer price index for industrial workers (CPI-IW) has shown a rise of 10.9 per cent during Q2 of 2013-14 over Q2 of 2012-13. II ESTIMATES OF GDP AT MARKET PRICES 9. GDP at current market prices in Q2 of 2013-14, is estimated at Rs. 26.19 lakh crore, as against Rs.23.17 lakh crore in Q2, 2012-13, showing an increase of 13.0 per cent. At constant (2004-2005) prices, the GDP at market prices is estimated at Rs. 14.30 lakh crore in Q2 of 2013-14 as against Rs. 13.54 lakh crore in Q2 of 2012-13 showing an increase of 5.6 per cent over the corresponding quarter of previous year. There has been a decline in the growth of major subsidies from 97.9 percent in Q2 of 2012-13 to (-) 10.5 percent in Q2 of 2013-14. Further, the indirect tax revenue of the central government including customs, excise and service tax has shown a growth of 6.1 percent in Q2 of 2013-14 over Q2 of 2012-13. III ESTI....
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....MATES OF EXPENDITURES ON GDP 10. 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 11. Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs.14.83 lakh crore in Q2 of 2013-14 as against Rs. 13.49 lakh crore in Q2 of 2012-13. At constant (2004-2005) prices, the PFCE is estimated at Rs. 8.55 lakh crore in Q2 of 2013-14 as against Rs. 8.37 lakh crore in Q2 of 2012-13. In terms of GDP at market prices, the rates of PFCE at current and constant (2004-05) prices during Q2 of 2013-14 are estimated at 56.6 per cent and 59.8 per cent, respectively, as against the corresponding rates of 58.2 per cent and 61.8 per cent, respectively in Q2 of 2012-13. Government Final Consumption Expenditure 12. Government Final Consumption Expenditure (GFCE) at current prices is estimated at Rs. 2.89 lakh crore in Q2 of 2013-14 as against Rs. 2.66 lakh crore in Q2 of 2012-13. At constant (2004-05) prices, the ....
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....GFCE is estimated at Rs. 1.47 lakh crore in Q2 of 2013-14 as against Rs. 1.49 lakh crore in Q2 of 2012-13. In terms of GDP at market prices, the rates of GFCE at current and constant (2004-05) prices during Q2 of 2013-14 are estimated at 11.0 per cent and 10.3 per cent, respectively, as against the corresponding rates of 11.5 per cent and 11.0 per cent, respectively in Q2 of 2012-13. Gross Fixed Capital Formation 13. Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs. 7.71 lakh crore in Q2 of 2013-14 as against Rs. 7.16 lakh crore in Q2 of 2012-13. At constant (2004-05) prices, the GFCF is estimated at Rs. 4.81 lakh crore in Q2 of 2013-14 as against Rs. 4.68 lakh crore in Q2 of 2012-13. In terms of GDP at market prices, the rates of GFCF at current and constant (2004-05) prices during Q2 of 2013-14 are estimated at 29.4 per cent and 33.6 per cent, respectively, as against the corresponding rates of 30.9 per cent and 34.6 per cent, respectively in Q2 of 2012-13. 14. Estimates of GDP at factor cost by kind of economic activity and the Expenditures on GDP for Q2 and H1 (April-September) of 2011....
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....-12, 2012-13 and 2013-14 at constant (2004-05) and current prices, are given in Statements 1 to 8. Click here to see Statements ============= Document 1 STATEMENT 1: QUARTERLY ESTIMATES OF GDP AT FACTOR COST IN Q2 (JULY-SEPTEMBER) OF 2013-14 (at 2004-05 prices) (Rs. in crore) Percentage change Gross Domestic Product over previous year 2011-12 2012-13 2013-14 2012-13 2013-14 Industry Q1 1. agriculture, forestry 171966 Q2 138987 Q1 176888 Q2 141334 Q1 181705 Q2 Q1 Q2 Q1 Q2 147874 2.9 1.7 2.7 4.6 and fishing 2. mining and quarrying 26205 23942 26302 24345 25568 24245 0.4 1.7 -2.8 -0.4 3. manufacturing 203349 199873 201230 200001 198827 202027 -1.0 0.1 -1.2 1.0 4. electricity, gas and 24508 24599 26018 25386 26978 27348 6.2 3.2 3.7 7.7 water supply 5. construction 98410 99167 105340 102267 108266 106651 7.0 3.1 2.8 4.3 6. trade, hotels, transport 348903 346452 370197 369996 384567 384950 6.1 6.8 3.9 4.0 and communication 7. financing, ins., real 229638 234460 250955 253996 273388 279310 9.3 8.3 8.9 10.0 est. and business services 8. community, social and personal services 144517 ....
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.... 173628 157324 188204 172149 196189 8.9 8.4 9.4 4.2 GDP at factor cost 1247496 1241106 1314255 1305531 1371446 1368594 5.4 5.2 4.4 4.8 Item STATEMENT 2: QUARTERLY ESTIMATES OF EXPENDITURES OF GDP AT MARKET PRICES IN Q2 (JULY-SEPTEMBER) OF 2013-14 (at 2004-05 prices) Expenditures of Gross Domestic Product (Rs. in crore) RATES OF GDP AT MARKET PRICES (%) 2011-12 Q1 2012-13 2013-14 2012-13 2013-14 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Consumate Firstpenditure 802762 848519 837195 837130 $850767 85520 61.1 518 685 593 140749 139196 150860 148796 166679 147122 11.0 11.0 11.9 10.3 2. Government Final Consumption Expenditure (GFCE) 3. Gross Fixed Capital 473501 463217 462929 468381 457459 480643 33.8 34.6 32.6 33.6 Formation (GFCF) 4. Change in Stocks 31787 31244 53966 53637 53734 54884 3.9 4.0 3.8 3.8 36769 28172 29082 29386 55995 36404 2.1 2.2 4.0 2.5 5. Valuables 321392 324921 360707 341223 356406 396859 26.3 25.2 25.4 27.8 6. Exports 1 7. Less Imports 444398 447373 492000 489899 495604 491814 35.9 36.2 35.3 34.4 8. Discrepancies -37358 -27242 -32526 -35023 -42003 -49252 -2.4 ....
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....-2.6 -3.0 -3.4 GDP at market prices 1325207 1320654 1370214 1353630 1403432 1430067 100.0 100.0 100.0 100.0 STATEMENT 3: QUARTERLY ESTIMATES OF GDP AT FACTOR COST IN Q2 (JULY-SEPTEMBER) OF 2013-14 (at current prices) 2 (Rs. in crore) Percentage change Gross Domestic Product over previous year 2011-12 2012-13 2013-14 2012-13 2013-14 Industry Q1 1. agriculture, forestry and 332489 Q2 274539 Q1 379221 Q2 307017 Q1 421768 Q2 370600 Q1 Q2 Q1 Q2 14.1 11.8 11.2 20.7 fishing 2. mining and quarrying 46169 43139 52328 48933 3. manufacturing 292216 289720 304505 308004 4. electricity, gas and water 35123 35609 40493 42831 50144 310463 51413 49632 13.3 317816 4.2 52117 15.3 20.3 13.4 6.3 -4.2 1.4 2.0 3.2 27.0 21.7 supply 5. construction 159614 163548 183795 181987 6. trade, hotels, transport 506681 504993 575245 586998 197872 625323 201463 15.2 11.3 647018 13.5 16.2 7.7 10.7 8.7 10.2 and communication 7. financing, ins., real est. 330340 340887 388305 399432 443877 468550 17.5 17.2 14.3 17.3 and business services 8. community, social & personal services 243460 299609 287826 353086 337038 398....
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....053 18.2 17.8 17.1 12.7 GDP at factor cost 1946092 1952044 2211719 2228289 2437898 2505249 13.6 14.2 10.2 12.4 Item STATEMENT 4: QUARTERLY ESTIMATES OF EXPENDITURES OF GDP AT MARKET PRICES IN Q2 (JULY-SEPTEMBER) OF 2013-14 (at current prices) Private Final Consumption Expenditure 1. (PFCE) 2. Government Final Consumption Expenditure (Rs. in crore) Expenditures of Gross Domestic Product RATES OF GDP AT MARKET PRICES (%) 2011-12 2012-13 2013-14 2012-13 2013-14 Q1 1155088 Q2 1200758 Q1 1305651 Q2 1348750 Q1 1414970 Q2 1483400 Q1 56.4 Q2 58.2 Q1 Q2 56.5 56.6 225611 228088 264592 266356 318700 288710 11.4 11.5 12.7 11.0 (GFCE) 3. Gross Fixed 669938 665953 692121 715649 716946 770570 29.9 30.9 28.6 29.4 Capital Formation (GFCF) 4. Change in 46038 45645 84254 85221 88621 92684 3.6 3.7 3.5 3.5 Stocks 65602 50678 61922 62568 5. Valuables 487945 497296 591880 565573 115171 618027 72056 2.7 2.7 4.6 2.8 6. Exports 7. Less Imports 628650 636580 759389 762160 45752 26358 8. Discrepancies GDP at market prices 2067324 74002 2078195 2315032 35158 2317116 812330 43377 2503482 704....
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....493 25.6 820561 32.8 24.4 24.7 26.9 32.9 32.4 31.3 27333 2618684 3.2 1.5 1.7 1.0 100 100 100 100 STATEMENT 5: ESTIMATES OF GDP IN H1 (APRIL-SEPTEMBER) OF 2013-14 (at 2004-05 prices) APRIL-SEPTEMBER (H1) 3 (Rs. in crore) Percentage change Industry Gross Domestic Product in H1 of Over previous year H1 2011-12 1. agriculture, forestry and 310952 2012-13 318222 2013-14 329579 2012-13 2013-14 2.3 3.6 fishing 50146 50647 49813 1.0 -1.6 2. mining and quarrying 3. manufacturing 403222 401231 400854 -0.5 -0.1 4. electricity, gas and water 49107 51404 54326 4.7 5.7 supply 5. construction 197577 207608 214917 5.1 3.5 6. trade, hotels, transport and 695354 740194 769516 6.4 4.0 communication 7. financing, ins., real est. 464098 504952 552698 8.8 9.5 and business services 8. community, social and 318145 345528 368338 8.6 6.6 personal services GDP at factor cost 2488602 2619786 2740040 5.3 4.6 STATEMENT 6: ESTIMATES OF EXPENDITURES OF GDP AT MARKET PRICES IN H1 (APRIL-SEPTEMBER) OF 2013-14 (at 2004-05 prices) APRIL-SEPTEMBER (H1) (Rs. in crore) Rates of GDP at market prices (%) Expenditures of Gross Do....
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....mestic Item Product in H1 in H1 2011-12 2012-13 2013-14 2012-13 1611281 1674325 1705987 61.5 2013-14 60.2 1. Private Final Consumption Expenditure (PFCE) 279945 299656 313801 11.0 11.1 2. Government Final Consumption Expenditure 3. Gross Fixed Capital 936718 931311 938102 34.2 33.1 Formation (GFCF) 63032 107603 108618 4.0 3.8 4. Change in Stocks 5. Valuables 64941 58468 92399 2.1 3.3 6. Exports 646313 701930 753264 25.8 26.6 7. Less Imports 891770 981900 987418 36.0 34.8 8. Discrepancies -64600 -67549 -91254 -2.5 -3.2 2645861 2723844 2833499 100 100 GDP at market prices STATEMENT 7: ESTIMATES OF GDP IN H1 (APRIL-SEPTEMBER) OF 2013-14 (at current prices) APRIL-SEPTEMBER (H1) (Rs. in crore) Industry Gross Domestic Product in H1 of Percentage change over previous year H1 2011-12 2012-13 2013-14 2012-13 2013-14 607028 686238 792368 13.0 15.5 1. agriculture, forestry and fishing 89308 101262 99776 13.4 -1.5 2. mining and quarrying 3. manufacturing 581936 612509 628279 5.3 2.6 70732 83324 103529 17.8 24.2 4. electricity, gas and water supply 5. construction 323161 365783 399336 1....
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....3.2 9.2 6. trade, hotels, transport and 1011674 1162243 1272341 14.9 9.5 communication 7. financing, ins., real est. and 671228 787737 912427 17.4 15.8 business services 8. community, social and personal services 543069 640912 735091 18.0 14.7 GDP at factor cost 3898136 4440007 4943147 13.9 11.3 STATEMENT 8: ESTIMATES OF EXPENDITURES OF GDP AT MARKET PRICES IN H1 (APRIL-SEPTEMBER) OF 2013-14 (at current prices) APRIL-SEPTEMBER (H1) (Rs. in crore) Rates of GDP at market prices (%) Expenditures of Gross Domestic Item Product in H1 in H1 2011-12 2012-13 2355846 2654401 2013-14 2898371 2012-13 2013-14 57.3 56.6 1. Private Final Consumption Expenditure (PFCE) 453699 530949 607411 11.5 11.9 2. Government Final Consumption Expenditure 1335891 1407770 1487515 30.4 29.0 3. Gross Fixed Capital Formation (GFCF) 91683 169475 181305 3.7 3.5 4. Change in Stocks 5. Valuables 116280 124491 187227 2.7 3.7 6. Exports 985241 1157453 1322519 25.0 25.8 7. Less Imports 1265230 1521549 1632892 32.8 31.9 8. 72109 Discrepancies GDP at market prices 4145518 109159 4632148 70710 2.4 1.4 5122166 100 100 H1....
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....: April-September<BR> News - Press release - PIB....