Lok Sabha Question No. 212 (UNSTARRED), answered on 2019-02-04
Subject: Share of Profit in the Gross Value Added of the Country
Ministry: LABOUR AND EMPLOYMENT
Asked by: KINJARAPU RAM MOHAN NAIDU

## GOVERNMENT OF INDIA

## MINISTRY OF LABOUR AND EMPLOYMENT

## LOK SABHA

## UNSTARRED QUESTION NO. 212 TO BE ANSWERED ON 04.02.2019

SHARE OF PROFIT IN THE GROSS VALUE ADDED OF THE COUNTRY

212. SHRI RAM MOHAN NAIDU KINJARAPU:

Will the Minister of LABOUR AND EMPLOYMENT   be pleased to state:

- (a)whether  the  Government  is  aware  of  the  skewed  growth  in  the share of profits in the Gross Value Added (GVA) of the country and if so, the details thereof;
- (b)whether steps have been taken to address the low share of wages
- in the GVA of the country and if so, the details thereof; and
- (c)whether the Government has identified or set any targets for growth
- as well share of wages in the GVA and if so, the details thereof? ANSWER

## MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT (SHRI SANTOSH KUMAR GANGWAR)

- (a): Central Statistics Office, Ministry of Statistics & Programme  Implementation  releases  estimates  of  National  Income covering various parameters like Net National Income, Net Disposable Income of General Government, Net Savings of Public & Private  Corporations,  Per  Capita  Income  etc.  The  figures  depicting the performance of such parameters at current prices for 2011-12 to 2016-17 are Annexed.

However  these  estimates  do  not  capture  the  share  of profits as such in the Gross Value Added (GVA) of the country.

- (b) & (c): Share of wages is also not captured separately in GVA. The Central Government revises minimum  wages  for the Scheduled employment from time to time. A notification for revising the minimum wages from Rs 250 per day to Rs 350 per day for unskilled workers in non-agriculture sector was issued on 19.01.2017.

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## Annexure

Statement referred to in reply to part (a) of Lok Sabha unstarred Question No. 212 due for reply on 04-02-2019.

Statement : Relationship of National Income and Other Aggregates ( at current prices)

( Rs. in crore)

|   S.No | Item Desription                                          |   2011-12 |   2012-13 |   2013-14 |   2014-15 |   2015-16 |   2016-17 |
|--------|----------------------------------------------------------|-----------|-----------|-----------|-----------|-----------|-----------|
|      1 | 2                                                        |         3 |         4 |         5 |         6 |         7 |         8 |
|      1 | Net National Income                                      |   7742330 |   8766345 |   9897663 |  10978237 |  12154033 |  13492656 |
|      2 | Other current transfers from RoW (net)                   |    304902 |    350081 |    395918 |    405154 |    413083 |    379438 |
|      3 | Net National Disposable Income (1+2)                     |   8047232 |   9116426 |  10293581 |  11383392 |  12567117 |  13872095 |
|      4 | Net Disposable Income of General Government              |    711518 |    796476 |    866932 |   1002427 |   1149148 |   1413811 |
|      5 | Current taxes on income, wealth, etc.                    |    509546 |    578693 |    640772 |    699755 |    748587 |    855366 |
|      6 | Net Saving of Public Corporations                        |    158212 |    150024 |    126013 |    120999 |    130461 |    155926 |
|      7 | Net Saving of Private Corporations                       |    469165 |    576928 |    725997 |    891945 |   1046193 |   1134580 |
|      8 | Current taxes on income and wealth, paid by corporations |    356479 |    388903 |    389595 |    439432 |    463997 |    524120 |
|      9 | Personal Income (3- 4+5-6-7-8)                           |   6861403 |   7782788 |   8825816 |   9628344 |  10525902 |  11499023 |
|     10 | Current taxes on income and wealth, paid by households   |    153067 |    189790 |    251177 |    260323 |    284589 |    331245 |
|     11 | Household Disposable Income (9-10)                       |   6708336 |   7592998 |   8574639 |   9368021 |  10241313 |  11167777 |

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