Lok Sabha Question No. 3538 (UNSTARRED), answered on 2019-01-02
Subject: Growth Rate
Ministry: STATISTICS AND PROGRAMME IMPLEMENTATION
Asked by: Adhikari Dibyendu

## GOVERNMENT OF INDIA

## MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION

## LOK SABHA UNSTARRED QUESTION NO.3538

## TO BE ANSWERED ON WEDNESDAY, THE 2 ND  JANUARY, 2019

## GROWTH RATE

3538. SHRI DIBYENDU ADHIKARI:

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

- (a) whether the growth rate during 2014-18 is only 7.5% which is less than the growth rate during 2004-09 (8.4%) and 2009-14 (7.7%); and
- (b)  if  so,  the  details  thereof  along  with  the  sector-wise  details  of growth rate during the above period ?

## ANSWER

MINISTER OF STATISTICS AND PROGRAMME IMPLEMENTATION AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS (SHRI VIJAY GOEL)

(a): After revision of base year (2011-12) in 2015 the Government has recently released the Back-Series estimates of Gross  Domestic Product (GDP) for the years 2004-05 to 2010-11 as per the new series methodology (Base Year 2011-12). The average GDP growth rates at constant (2011-12) price for the periods 2005-09, 2009-2014 and 20142018 are as under:

| GDP Growth Rate (in %) at constant (2011-12) prices   | GDP Growth Rate (in %) at constant (2011-12) prices   | GDP Growth Rate (in %) at constant (2011-12) prices   |
|-------------------------------------------------------|-------------------------------------------------------|-------------------------------------------------------|
| Growth Rates (CAGR)                                   | Growth Rates (CAGR)                                   | Growth Rates (CAGR)                                   |
| 2005-2009*                                            | 2009-2014                                             | 2014-2018                                             |
| 6.7                                                   | 6.7                                                   | 7.3                                                   |

(b):  The  Sector-wise  Gross  Value  Added  (GVA)  growth  rates  at constant  (2011-12)  prices  for  periods  2005-09,  2009-2014  and  20142018 are as under:

| Sector-wise Average Growth Rate (in %) of Gross Value Added (GVA) at constant (2011-12) prices   | Sector-wise Average Growth Rate (in %) of Gross Value Added (GVA) at constant (2011-12) prices   | Sector-wise Average Growth Rate (in %) of Gross Value Added (GVA) at constant (2011-12) prices   | Sector-wise Average Growth Rate (in %) of Gross Value Added (GVA) at constant (2011-12) prices   | Sector-wise Average Growth Rate (in %) of Gross Value Added (GVA) at constant (2011-12) prices   |
|--------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------|
| S. No.                                                                                           |                                                                                                  | Growth Rates (CAGR)                                                                              | Growth Rates (CAGR)                                                                              | Growth Rates (CAGR)                                                                              |
|                                                                                                  | Item                                                                                             | 2005- 2009                                                                                       | 2009- 2014                                                                                       | 2014- 2018                                                                                       |
| 1                                                                                                | Agriculture, forestry and fishing                                                                | 3.2                                                                                              | 4.2                                                                                              | 2.5                                                                                              |
| 2                                                                                                | Mining and quarrying                                                                             | 3.2                                                                                              | 0.0                                                                                              | 9.8                                                                                              |
| 3                                                                                                | Manufacturing                                                                                    | 9.6                                                                                              | 6.4                                                                                              | 8.5                                                                                              |
| 4                                                                                                | Electricity, gas, water supply & other utility services                                          | 6.9                                                                                              | 5.7                                                                                              | 7.1                                                                                              |
| 5                                                                                                | Construction                                                                                     | 10.2                                                                                             | 5.7                                                                                              | 3.8                                                                                              |
| 6                                                                                                | Trade, repair, hotels, restaurant, transport, communication and services related to broadcasting | 7.0                                                                                              | 8.1                                                                                              | 8.7                                                                                              |
| 7                                                                                                | Financial services, real estate, ownership of dwelling & professional services                   | 7.5                                                                                              | 7.3                                                                                              | 8.6                                                                                              |
| 8                                                                                                | Public administration and defence, other services                                                | 8.7                                                                                              | 7.7                                                                                              | 8.8                                                                                              |
| 9                                                                                                | Total GVA                                                                                        | 7.0                                                                                              | 6.3                                                                                              | 7.2                                                                                              |

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