Lok Sabha Question No. 684 (UNSTARRED), answered on 2020-02-05
Subject: GDP Growth
Ministry: STATISTICS AND PROGRAMME IMPLEMENTATION
Asked by: T.N. Prathapan

## GOVERNMENT OF INDIA MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION

## LOK SABHA UNSTARRED QUESTION NO. 684 TO BE ANSWERED ON 05.02.2020

## GDP GROWTH

684. SHRI T.N. PRATHAPAN:

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

- (a) the  quarterly  rate  of  growth  of  the  Gross  Domestic  Product (GDP) from the 2004-2005 fiscal year till September 2019 quarter as per the methodology used to calculate it prior to the changes introduced in 2015; and
- (b) the  quarterly  rate  of  GDP  growth  from  2004-05  till  September, 2019 based on the new methodology introduced by the Government in 2015?

## ANSWER

MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF STATISTICS  AND  PROGRAMME  IMPLEMENTATION  AND  MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF PLANNING (RAO INDERJIT SINGH)

- (a):   The quarterly growth rates of Gross Domestic Product (GDP) as per the 2004-05 base year methodology at constant (2004-05) prices, as released, are given below:

| Year    | Growth Rates of GDP at Constant (2004-05) prices (%)   | Growth Rates of GDP at Constant (2004-05) prices (%)   | Growth Rates of GDP at Constant (2004-05) prices (%)   | Growth Rates of GDP at Constant (2004-05) prices (%)   |
|---------|--------------------------------------------------------|--------------------------------------------------------|--------------------------------------------------------|--------------------------------------------------------|
|         | QUARTER 1                                              | QUARTER 2                                              | QUARTER 3                                              | QUARTER 4                                              |
| 2004-05 | -                                                      | -                                                      | -                                                      | -                                                      |
| 2005-06 | 9.2                                                    | 8.4                                                    | 9.0                                                    | 10.4                                                   |
| 2006-07 | 7.4                                                    | 10.2                                                   | 9.5                                                    | 9.8                                                    |
| 2007-08 | 10.8                                                   | 9.1                                                    | 10.5                                                   | 8.8                                                    |

| 2008-09   |   8.1 | 6.7     | 1.5   | 0.2   |
|-----------|-------|---------|-------|-------|
| 2009-10   |   5   | 7.0 8.2 |       | 13.3  |
| 2010-11   |  10.3 | 9.7     | 10.7  | 10.3  |
| 2011-12   |   8.3 | 6.7     | 6.2   | 5.6   |
| 2012-13   |   4   | 4.7     | 5.3   | 4.9   |
| 2013-14   |   4.2 | 5.2     | 4.4   | 6.1   |
| 2014-15   |   5.8 | 6.0     | -     | -     |

As  per  standard  practice,  after  the  revision  of  base  year  of  GDP series,  the  estimation  using  earlier  pre-revised  methodology  was discontinued.

(b):   Incorporating methodological improvement and 2011-12 prices, the base year of GDP was revised in 2015 and the quarterly growth rates at constant (2011-12) prices, are given below:

| Year    | Growth Rates of GDP at Constant prices (%)   | Growth Rates of GDP at Constant prices (%)   | Growth Rates of GDP at Constant prices (%)   | Growth Rates of GDP at Constant prices (%)   |
|---------|----------------------------------------------|----------------------------------------------|----------------------------------------------|----------------------------------------------|
|         | QUARTER 1                                    | QUARTER 2                                    | QUARTER 3                                    | QUARTER 4                                    |
| 2012-13 | 4.9                                          | 7.5                                          | 5.4                                          | 4.3                                          |
| 2013-14 | 6.4                                          | 7.3                                          | 6.5                                          | 5.3                                          |
| 2014-15 | 8.0                                          | 8.7                                          | 5.9                                          | 7.1                                          |
| 2015-16 | 7.6                                          | 8.0                                          | 7.2                                          | 9.1                                          |
| 2016-17 | 9.4                                          | 8.9                                          | 7.5                                          | 7.0                                          |
| 2017-18 | 6.0                                          | 6.8                                          | 7.7                                          | 8.1                                          |
| 2018-19 | 8.0                                          | 7.0                                          | 6.6                                          | 5.8                                          |
| 2019-20 | 5.0                                          | 4.5                                          | -                                            | -                                            |

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