Lok Sabha Question No. 3383 (UNSTARRED), answered on 2017-08-04
Subject: Comparative GDP
Ministry: FINANCE
Asked by: M. VEERAPPA MOILY

- (a) the comparative GDP as per old and new series during the last ten years; and
- (b) the national investment rate during the said period?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

(a) and (b): The new series of National Income, Consumption Expenditure, Saving and Capital Formation, released by the Central Statistics Office (CSO), uses the corporate data of close to 5.5  lakhs  companies  from  the  Ministry  of  Corporate  Affairs.  The  data  in  the  desired  form  is available  only  from  2010-11  and  not  for  earlier  years.  For  want  of  a  robust  proxy  of  the corporate sector, the new series could not be back casted for comparable estimates of old and new series. As per the data released by CSO, the available GDP and the investment rate data for the 2004-05 series and 2011-12 series is given in the table below.

| Gross Domestic Product and Investment Rate   | Gross Domestic Product and Investment Rate   | Gross Domestic Product and Investment Rate   | Gross Domestic Product and Investment Rate   | Gross Domestic Product and Investment Rate   | Gross Domestic Product and Investment Rate   | Gross Domestic Product and Investment Rate   |
|----------------------------------------------|----------------------------------------------|----------------------------------------------|----------------------------------------------|----------------------------------------------|----------------------------------------------|----------------------------------------------|
|                                              | Old Series (Base year 2004-05)               | Old Series (Base year 2004-05)               | Old Series (Base year 2004-05)               | New Series (Base year 2011-12)               | New Series (Base year 2011-12)               | New Series (Base year 2011-12)               |
|                                              | GDP at market price (Rs Crores)              | GDP at market price (Rs Crores)              | Investment rate (GCF to GDP) (per cent)      | GDP at market price (Rs Crores)              | GDP at market price (Rs Crores)              | Investment rate (GCF to GDP) (per cent)      |
|                                              | Current price                                | Constant price                               | Investment rate (GCF to GDP) (per cent)      | Current price                                | Constant price                               | Investment rate (GCF to GDP) (per cent)      |
| 2007-08                                      | 4987090                                      | 4250947                                      | 38.1                                         |                                              |                                              |                                              |
| 2008-09                                      | 5630063                                      | 4416350                                      | 34.3                                         |                                              |                                              |                                              |
| 2009-10                                      | 6477827                                      | 4790847                                      | 36.5                                         |                                              |                                              |                                              |
| 2010-11                                      | 7784115                                      | 5282386                                      | 36.5                                         |                                              |                                              |                                              |
| 2011-12                                      | 9009722                                      | 5633050                                      | 35.5                                         | 8736329                                      | 8736329                                      | 39.0                                         |
| 2012-13                                      | 10113281                                     | 5899847                                      | 34.8                                         | 9944013                                      | 9213017                                      | 38.7                                         |
| 2013-14*                                     | 11355073                                     | 6195842                                      |                                              | 11233522                                     | 9801370                                      | 33.8                                         |
| 2014-15                                      |                                              |                                              |                                              | 12445128                                     | 10536984                                     | 34.4                                         |
| 2015-16                                      |                                              |                                              |                                              | 13682035                                     | 11381002                                     | 33.3                                         |
| 2016-17*                                     |                                              |                                              |                                              | 15183709                                     | 12189854                                     |                                              |

Note: *Provisional estimates

Source: CSO

******