Lok Sabha Question No. 2948 (UNSTARRED), answered on 2019-07-10
Subject: Improvement in GDP
Ministry: STATISTICS AND PROGRAMME IMPLEMENTATION
Asked by: M.K. Vishnu Prasad

## GOVERNMENT OF INDIA

## MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION

## LOK SABHA UNSTARRED QUESTION NO. 2948 TO BE ANSWERED ON 10.07.2019

## IMPROVEMENT IN GDP

2948. DR. M.K. VISHNU PRASAD:

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

- (a) the  present  GDP  growth  rate  and  employment  growth  rate, according to the latest NSSO data;
- (b)
- the reasons for low GDP growth rate in the last six months;
- (c) the  slew  of  measures  proposed  to  be  taken  to  improve  the GDP growth rate; and
- (d) the  efforts  made  to  improve  the  job  growth  rate  from  the present level, which is all-time low in the last twenty years?

## 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)& (b): The Annual GDP growth rate at constant (2011-12) prices for the years 2012- 13 to 2018-19 and the quarter-wise growth rates of  GDP  and  sector-wise  GVA  growth  rates  at  constant  (2011-12) prices  for  the  year  2018-19 are  available  on  the  website  of  this Ministry and the relevant extracts are at Annexure. In the last two quarters of 2018-19, some sectors, namely, Agriculture, forestry & fishing and manufacturing had relatively lower growth rate.

Workforce  Participation  Rate  (WPR),  Labour  Force  Participation Rate (LFPR) and Un-employment Rate (UR), as per the latest  data for the year 2017-18 are as under:

| WPR    | LFPR   | UR (in Labour Force)   |
|--------|--------|------------------------|
| (in %) | (in %) | (in %)                 |
| 34.7   | 36.9   | 6.1                    |

- (c):  Reforms  in  the  Indian  Economy  is  a  continuous  process  and various Ministries and Departments are implementing Government's strategic programmes  and  policies to  enhance the  economic growth.  The Government has taken various steps to boost the GDP growth of the economy. These, inter-alia, include fillip to manufacturing  via  Make  in  India  programme  and  measures  to improve  ease of  doing  business,  concrete  measures  for  transport sector  including  measures  for  regional  connectivity  and  power sector via schemes like Ujjwal DISCOM Assurance Yojana (UDAY). Other measures include comprehensive reforms in the foreign direct investment  policy  and  special  package  for  textile  industry.  The introduction of the Goods and Services Tax (GST) is also intended to improve growth momentum by reducing barriers to trade, business and related economic activities. The Government through Minimum Support  Price  (MSPs)  is  providing  boost  to  the  farmers'  income.In the  Interim  Budget  2019-20,  Government,  launched  the  Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan) with the objective to supplement the financial needs of the small and  marginal farmers in  procuring  various  inputs  to  ensure  proper  crop  health  and appropriate yields, commensurate with the anticipated farm income.
- (d): Achieving inclusive  growth has been  one  of the  main priorities  of  the  Government.  For  promoting  inclusive  growth,  the Government is implementing various programmes/schemes for creating  better  employment  opportunities, strengthening social infrastructure and providing basic amenities like water, electricity, roads, sanitation and housing for covering all sections of population. Various schemes such as Mahatma Gandhi National Rural Employment Guarantee Act Scheme (MGNREGA), Prime  Minister's Employment   Generation   Programme   (PMEGP),   Pradhan   Mantri

Rojgar  Protsahan  Yojana,  Pt.  Deen  Dayal  Upadhyaya  Grameen Kaushalya  Yojana  (DDU-GKY)  and  Deendayal  Antyodaya  YojanaNational Urban Livelihoods Mission (DAY-NULM) are being implemented  by  the  Government  to  create  additional  employment opportunities to reap the benefits of the demographic dividend. The Government is considering setting up of Higher Education Commission.  Also  10  million  youth  are  to  be  imparted  industryrelevant  skill  training  under  the  Kaushal  Vikas  Yojana  to  enhance their employability.

- ******

Table 1: GDP  Growth Rate (in %) at Constant (2011-12 ) Prices

|   2012-13 |   2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 |   2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 |   2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 |   2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 |   2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 |   2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 |
|-----------|---------------------------------------------------|---------------------------------------------------|---------------------------------------------------|---------------------------------------------------|---------------------------------------------------|---------------------------------------------------|
|       5.5 |                                               6.4 |                                               7.4 |                                                 8 |                                               8.2 |                                               7.2 |                                               6.8 |

Table 2: QUARTERLY ESTIMATES OF GDP and GVA Growth rate (in %) AT CONSTANT PRICES, 2011-12 SERIES

| Item                                                                            | 2018-19   | 2018-19   | 2018-19   | 2018-19   |
|---------------------------------------------------------------------------------|-----------|-----------|-----------|-----------|
|                                                                                 | Q1        | Q2        | Q3        | Q4        |
| 1. Agriculture, forestry& fishing                                               | 5.1       | 4.9       | 2.8       | -0.1      |
| 2. Mining &quarrying                                                            | 0.4       | -2.2      | 1.8       | 4.2       |
| 3. Manufacturing                                                                | 12.1      | 6.9       | 6.4       | 3.1       |
| 4. Electricity, gas ,water supply& other utility services                       | 6.7       | 8.7       | 8.3       | 4.3       |
| 5. Construction                                                                 | 9.6       | 8.5       | 9.7       | 7.1       |
| 6. Trade, hotels, transport, communication and services related to broadcasting | 7.8       | 6.9       | 6.9       | 6.0       |
| 7. Financial, real estate & professional services                               | 6.5       | 7.0       | 7.2       | 9.5       |
| 8. Public administration, defence and Other Services                            | 7.5       | 8.6       | 7.5       | 10.7      |
| 9. Total GVA                                                                    | 7.7       | 6.9       | 6.3       | 5.7       |
| 10. GDP                                                                         | 8.0       | 7.0       | 6.6       | 5.8       |

Q1: First Quarter (April-June), Q2: Second Quarter(July-September), Q3: (October- December), Q4:(January-March)