Lok Sabha Question No. 2296 (UNSTARRED), answered on 2018-12-24
Subject: Share of Export in GDP
Ministry: COMMERCE AND INDUSTRY
Asked by: DEEPENDER SINGH HOODA

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 2296 TO BE ANSWERED ON 24 th  DECEMBER,2018

## SHARE OF EXPORT IN GDP

## 2296. SHRI DEEPENDER SINGH HOODA:

Will the Minister of COMMERCE & INDUSTRY ( वाͨणÏय एवं उɮयोग मंğी ) be pleased to state:

- (a) the details of share of exports in the annual GDP for the last 20 years;
- (b) whether the share of exports in GDP for the year declined to fourteen-year low and if so, the reasons therefor; and
- (c) the details of the annual rate of growth of exports and the corresponding annual rate of growth of GDP for the last 20 years?

## ANSWER

okf.kT; ,oa m|ksx ea=ky; esa jkT; ea=h ¼Jh lh- vkj- pkS/kjh½

THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI C. R. CHAUDHARY)

(a) to (c): The details of growth rate of exports and GDP and share of exports in GDP at current price  for the last 20 years is given at Annexure-I ,  which  reveals  that  the  share  of export in GDP was 19.05% during 2017-18 and 17.55% in 2004-05. However, the share has decreased in the last 4 years. The growth in export has not been commensurate with GDP growth because of global slowdown leading to lower demand in international markets and lower  commodity  prices,  currency  fluctuations,  trade  agreements  between  competing exporting countries with export destination countries, non-tariff barriers by export destination countries, cost of credit, logistics costs, etc.

***

Statement referred to in reply of part (a) to (c) of Lok Sabha Unstarred question no. 2296 for answer on 24 th December 2018.

Growth rate of Exports and GDP and Share of Exports to GDP at Current Price:

|   Sr. No. | Year       | Exports   | Growth Rate (%)   | GDP         | Growth Rate (%)   |   %Share of Export in GDP |
|-----------|------------|-----------|-------------------|-------------|-------------------|---------------------------|
|         1 | 1997-98    | 1,65,203  | --                | 15,72,394   | --                |                     10.51 |
|         2 | 1998-99    | 1,95,280  | 18.21             | 18,03,378   | 14.69             |                     10.83 |
|         3 | 1999-00    | 2,27,697  | 16.60             | 20,12,198   | 11.58             |                     11.32 |
|         4 | 2000-01    | 2,78,126  | 22.15             | 21,68,652   | 7.78              |                     12.82 |
|         5 | 2001-02    | 2,90,757  | 4.54              | 23,48,330   | 8.29              |                     12.38 |
|         6 | 2002-03    | 3,55,556  | 22.29             | 25,30,663   | 7.76              |                     14.05 |
|         7 | 2003-04    | 4,17,425  | 17.40             | 28,37,900   | 12.14             |                     14.71 |
|         8 | 2004-05    | 5,69,051  | 36.32             | 32,42,209   | 14.25             |                     17.55 |
|         9 | 2005-06    | 7,12,087  | 25.14             | 36,93,369   | 13.92             |                     19.28 |
|        10 | 2006-07    | 9,04,872  | 27.07             | 42,94,706   | 16.28             |                     21.07 |
|        11 | 2007-08    | 10,18,907 | 12.60             | 49,87,090   | 16.12             |                     20.43 |
|        12 | 2008-09    | 13,28,765 | 30.41             | 56,30,063   | 12.89             |                     23.6  |
|        13 | 2009-10    | 12,98,780 | -2.26             | 64,77,827   | 15.06             |                     20.05 |
|        14 | 2010-11    | 17,10,193 | 31.68             | 77,84,115   | 20.17             |                     21.97 |
|        15 | 2011-12    | 21,43,931 | 25.36             | 87,36,329   | 12.23             |                     24.54 |
|        16 | 2012-13    | 24,39,707 | 13.80             | 99,44,013   | 13.82             |                     24.53 |
|        17 | 2013-14    | 28,56,781 | 17.10             | 1,12,33,522 | 12.97             |                     25.43 |
|        18 | 2014-15    | 28,63,636 | 0.24              | 1,24,67,959 | 10.99             |                     22.97 |
|        19 | 2015-16    | 27,28,641 | -4.71             | 1,37,64,037 | 10.40             |                     19.82 |
|        20 | 2016-17    | 29,46,243 | 7.97              | 1,52,53,714 | 10.82             |                     19.31 |
|        21 | 2017-18 PE | 31,94,507 | 8.43              | 1,67,73,145 | 9.96              |                     19.05 |

PE: Provisional Estimates

Source: 1. 1997-98 to 2003-2004-Statement 1: Macro Economic Aggregates and Population, National Accounts Statistics Back Series 2011.

2.  2004-05  to  2010-11-Statement  1:  Macro  Economic  Aggregates,  National  Accounts Statistics 2014.

3. 2011-12 to 2016-17-Statement 1.1-Key aggregates of National Income at current prices, First  Revised  Estimates  of  National  Income,  Consumption  Expenditure,  Saving  and  Capital Formation 2016-17 published on 31.01.2018.

4. 2017-18-Press release, CSO, MoSPI dated 31.05.2018

****