Lok Sabha Question No. 317 (STARRED), answered on 2018-08-08
Subject: Assessment of Gross Domestic Product
Ministry: STATISTICS AND PROGRAMME IMPLEMENTATION
Asked by: VEENA DEVI

## GOVERNMENT OF INDIA

## MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION

## LOK SABHA STARRED QUESTION NO.*317

TO BE ANSWERED ON WEDNESDAY, THE 8 TH  AUGUST, 2018

## ASSESSMENT OF GROSS DOMESTIC PRODUCT

*317. SHRIMATI VEENA DEVI:

Will the Minister of STATISTICS AND PROGRAMME IMPLEMENTATION be pleased to state:

- (a) whether  the  Government  has  made  any  assessment  of  the Gross  Domestic  Product  (GDP)  of  the  country  and  if  so,  the details and the outcome thereof;
- (b)  whether  GDP  of  the  country  is  likely  to  be  higher  than  US$ 2.59 trillion and if so, the details thereof, sector-wise; and
- (c) the contributions of agriculture, industry and service sectors in  GDP  of  the  country  during  each  of  the  last  four  financial years?

## ANSWER

MINISTER OF STATISTICS AND PROGRAMME IMPLEMENTATION (SHRI D. V. SADANANDA GOWDA)

- (a) to (c): A Statement is laid on the Table of the House.

Statement  referred  to  in  reply  to  parts  (a)  to  (c)  of  Lok  Sabha Starred Question No. *317 for answer on 08/08/2018. (a):  Yes, Madam. Estimates of Gross Domestic Product (GDP) are released periodically as per prescribed Advance Release Calendar  on  the  basis  of  methodology  given  under  the  United Nations System of National Accounts, 2008. (b):  Yes,  Madam.  The  GDP  at  current  prices  during  2017-18  is estimated  at  Rs.  167,73,145  Crores.  The  sector  wise  details measured in terms  of  Gross  Value  Added  (GVA)  during  2017-18 are given in Annexure-I. (c): The contributions of agriculture, industry and service sectors in in total GVA  during  last four financial years are given Annexure-II.

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## Annexure-I

Annexure referred to in reply to part (b) of the Lok Sabha Starred Question No. *317 for answer on 8.8.2018 regarding Assessment of Gross Domestic Product

|    | Sector                                                                                       | GVA (in Rs Crore) at Current Prices for the year 2017-18   |
|----|----------------------------------------------------------------------------------------------|------------------------------------------------------------|
| 1  | Agriculture, forestry & fishing                                                              | 25,94,729                                                  |
| 2  | Mining, Manufacturing, Electricity, gas, water supply, Other utility services & Construction | 4,411,640                                                  |
| 3  | Services                                                                                     | 81,76,002                                                  |
|    | Total GVA at Basic Price                                                                     | 151,82,371                                                 |

## Annexure-II

Annexure referred to in reply to part (c) of the Lok Sabha Starred Question No. *317 for answer on 8.8.2018 regarding Assessment of Gross Domestic Product

|    | Sector                                                                                       | Percentage Share of sector in total GVA at Current Prices   | Percentage Share of sector in total GVA at Current Prices   | Percentage Share of sector in total GVA at Current Prices   | Percentage Share of sector in total GVA at Current Prices   |
|----|----------------------------------------------------------------------------------------------|-------------------------------------------------------------|-------------------------------------------------------------|-------------------------------------------------------------|-------------------------------------------------------------|
|    |                                                                                              | 2014-15                                                     | 2015-16                                                     | 2016-17                                                     | 2017-18                                                     |
| 1  | Agriculture, forestry & fishing                                                              | 18.2                                                        | 17.7                                                        | 17.9                                                        | 17.1                                                        |
| 2  | Mining, Manufacturing, Electricity, gas, water supply, Other utility services & Construction | 30.0                                                        | 29.8                                                        | 29.3                                                        | 29.0                                                        |
| 3  | Services                                                                                     | 51.8                                                        | 52.5                                                        | 52.8                                                        | 53.9                                                        |
|    | Total GVA at Basic Price                                                                     | 100.0                                                       | 100.0                                                       | 100.0                                                       | 100.0                                                       |