Lok Sabha Question No. 2814 (UNSTARRED), answered on 2019-07-10
Subject: GDP Growth
Ministry: STATISTICS AND PROGRAMME IMPLEMENTATION
Asked by: Poonamben Hematbhai Maadam

## GOVERNMENT OF INDIA

## MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION

## LOK SABHA UNSTARRED QUESTION NO. 2814 TO BE ANSWERED ON 10.07.2019

## GDP GROWTH

## 2814. SHRIMATI POONAMBEN MAADAM:

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

- (a) whether the Government is aware that World Bank has retained its forecast of India's growth rate at 7.5% for the FY 2019-20;
- (b) if so, whether it is true that data from Central Statistics Office (CSO)  showed  that  India's  economic  growth  slowed  to  a  five-year low of 5.8 % in fourth quarter of 2018-19, pushing the country behind China;
- (c) the reaction of the Government to the above statistics and the average GDP growth of the Indian economy until 31 March 2019 as per the figures of the Ministry;
- (d) whether growth in the tertiary sector has been slower than the initially estimated growth figures; and
- (e) if so, the details thereof?

## 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):  As  per  World  Bank  Global  Economic  Prospects,  June  2019, available  on  their  website,  the forecast  for  GDP  growth  for  India during 2019-20 is 7.5 percent.
- (b)  and  (c): The  quarter-wise  and  annual  growth  rates  of  GDP  and GVA for various sectors at constant (2011-12) prices for the last 5 years are available on the website of this Ministry and the relevant
- extracts  are  at  Annexure. In  the  last  quarter  of  2018-19,  some

sectors,  namely,  Agriculture,  forestry  &  fishing  and  manufacturing industry had relatively lower growth rate. (d):  No, Sir. (e): The question does not arise.

*****

Table 1: QUARTERLY ESTIMATES OF GDP and GVA Growth rate AT CONSTANT PRICES, 2011-12 SERIES

| GROWTH RATES   |
|----------------|

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

## Annexure

| Table 2: Annual GDP and GVA Growth rate AT CONSTANT PRICES, 2011-12 SERIES   | Table 2: Annual GDP and GVA Growth rate AT CONSTANT PRICES, 2011-12 SERIES                                 | Table 2: Annual GDP and GVA Growth rate AT CONSTANT PRICES, 2011-12 SERIES   | Table 2: Annual GDP and GVA Growth rate AT CONSTANT PRICES, 2011-12 SERIES   | Table 2: Annual GDP and GVA Growth rate AT CONSTANT PRICES, 2011-12 SERIES   | Table 2: Annual GDP and GVA Growth rate AT CONSTANT PRICES, 2011-12 SERIES   | Table 2: Annual GDP and GVA Growth rate AT CONSTANT PRICES, 2011-12 SERIES   |
|------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|
| S.No.                                                                        | Item                                                                                                       | GVA Growth Rate at Constant (2011-12 ) Prices                                | GVA Growth Rate at Constant (2011-12 ) Prices                                | GVA Growth Rate at Constant (2011-12 ) Prices                                | GVA Growth Rate at Constant (2011-12 ) Prices                                | GVA Growth Rate at Constant (2011-12 ) Prices                                |
|                                                                              |                                                                                                            | 2014-15                                                                      | 2015-16                                                                      | 2016-17                                                                      | 2017-18                                                                      | 2018-19                                                                      |
| 1                                                                            | Agriculture, forestry and fishing                                                                          | -0.2                                                                         | 0.6                                                                          | 6.3                                                                          | 5.0                                                                          | 2.9                                                                          |
| 2                                                                            | Mining and quarrying                                                                                       | 9.7                                                                          | 10.1                                                                         | 9.5                                                                          | 5.1                                                                          | 1.3                                                                          |
| 3                                                                            | Manufacturing                                                                                              | 7.9                                                                          | 13.1                                                                         | 7.9                                                                          | 5.9                                                                          | 6.9                                                                          |
| 4                                                                            | Electricity, gas, water supply & other utility services                                                    | 7.2                                                                          | 4.7                                                                          | 10.0                                                                         | 8.6                                                                          | 7.0                                                                          |
| 5                                                                            | Construction                                                                                               | 4.3                                                                          | 3.6                                                                          | 6.1                                                                          | 5.6                                                                          | 8.7                                                                          |
| 6                                                                            | Trade, repair, hotels and restaurants transport, storage, communication & services related to broadcasting | 9.4                                                                          | 10.2                                                                         | 7.7                                                                          | 7.8                                                                          | 6.9                                                                          |
| 7                                                                            | Financial services real estate, ownership of dwelling & professional services                              | 11.0                                                                         | 10.7                                                                         | 8.7                                                                          | 6.2                                                                          | 7.4                                                                          |
| 8                                                                            | Public administration defence and other services                                                           | 8.3                                                                          | 6.1                                                                          | 9.2                                                                          | 11.9                                                                         | 8.6                                                                          |
| 9                                                                            | Total GVA                                                                                                  | 7.2                                                                          | 8.0                                                                          | 7.9                                                                          | 6.9                                                                          | 6.6                                                                          |
| 10                                                                           | GDP                                                                                                        | 7.4                                                                          | 8.0                                                                          | 8.2                                                                          | 7.2                                                                          | 6.8                                                                          |