Lok Sabha Question No. 1897 (UNSTARRED), answered on 2016-03-09
Subject: Gross Domestic Product
Ministry: STATISTICS AND PROGRAMME IMPLEMENTATION
Asked by: ARJUNLAL MEENA

## GOVERNMENT OF INDIA

## MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION

## LOK SABHA UNSTARRED QUESTION NO. 1897

## TO BE ANSWERED ON WEDNESDAY, THE 9 th  MARCH, 2016

## GROSS DOMESTIC PRODUCT

## 1897. SHRI ARJUN LAL MEENA:

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

- (a) the  details  of  the  source  contributing  highest  percentage  in  gross domestic product during the last three years and the current year;
- (b)
- the method of the assessment of gross domestic product;
- (c) whether there is any shortcomings in the said method; and
- (d)
- if so, the details thereof?

## ANSWER

MINISTER OF STATE (INDEPENDENT CHARGE) FOR MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION AND MINISTER OF STATE FOR MINISTRY OF EXTERNAL AFFAIRS [GENERAL (Dr.) V.K. SINGH (Retd.)]

- (a) During the last three years and the current year, 'financial, real estate & professional  services'  that  includes  computer  and  information  related services,  has  been  the  highest  contributor  in  Gross  Domestic  Product (GDP) in terms of share in total Gross Value Added (GVA). The details of economic activity-wise GVA at current prices and corresponding percentage share in total GVA are furnished in the Annexure.
- (b) In India, a mixed approach is used in calculation of GDP. In most cases, production  approach  is  adopted  under  which  the  Gross  Value  Added  is derived as difference of Gross Value of Output and Intermediate Consumption.  In  the  case  of  Government  Departments,  the  income approach  is  used  to  obtain  Gross  Value  Added  by  summing  up  factor incomes like Compensation of Employees, Operating Surplus and Consumption of Fixed Capital. The present methodology for compilation of National Accounts is documented in the publication 'Changes in Methodology and Data Sources in the New Series of National Accounts, Base Year 2011-12' which is available in the public domain on the website of the Ministry at http://mospi.gov.in.
- (c) No, Madam.
- (d) Does not arise.

Annexure  referred  to  in  reply  to  part  (a)  of  the  Lok  Sabha  Unstarred  Question  No.  1897 regarding Gross Domestic Product for answer on 9 th March, 2016

Gross Value Added (GVA) by economic activity at current prices

| S.No.   | Industry                                                                     | Gross Value Added ( ` crore)   | Gross Value Added ( ` crore)   | Gross Value Added ( ` crore)   | Gross Value Added ( ` crore)   | Percentage Share in GVA   | Percentage Share in GVA   | Percentage Share in GVA   | Percentage Share in GVA   |
|---------|------------------------------------------------------------------------------|--------------------------------|--------------------------------|--------------------------------|--------------------------------|---------------------------|---------------------------|---------------------------|---------------------------|
| S.No.   | Industry                                                                     | 2012-13                        | 2013-14                        | 2014-15                        | 2015-16                        | 2012- 13                  | 2013- 14                  | 2014- 15                  | 2015- 16                  |
| (1)     | (2)                                                                          | (3)                            | (4)                            | (5)                            | (6)                            | (7)                       | (8)                       | (9)                       | (10)                      |
| 1.      | agriculture, forestry &fishing                                               | 1680797                        | 1902452                        | 1995251                        | 2082692                        | 18.2                      | 18.3                      | 17.4                      | 17.0                      |
| 2.      | mining &quarrying                                                            | 285780                         | 295978                         | 304300                         | 315585                         | 3.1                       | 2.9                       | 2.7                       | 2.6                       |
| 3.      | manufacturing                                                                | 1573632                        | 1714730                        | 1845541                        | 1995079                        | 17.1                      | 16.5                      | 16.1                      | 16.3                      |
| 4.      | electricity, gas, water supply& other utility services                       | 215538                         | 255812                         | 288935                         | 319390                         | 2.3                       | 2.5                       | 2.5                       | 2.6                       |
| 5.      | construction                                                                 | 847573                         | 931680                         | 1003903                        | 1009764                        | 9.2                       | 9.0                       | 8.8                       | 8.2                       |
| 6.      | trade, hotels, transport, communication and services related to broadcasting | 1664088                        | 1888835                        | 2140370                        | 2277734                        | 18.1                      | 18.2                      | 18.7                      | 18.6                      |
| 7.      | financial, real estate& professional services                                | 1780167                        | 2082765                        | 2359279                        | 2525532                        | 19.3                      | 20.1                      | 20.6                      | 20.6                      |
| 8.      | public administration, defence and other services                            | 1162448                        | 1308562                        | 1534831                        | 1726530                        | 12.6                      | 12.6                      | 13.4                      | 14.1                      |
| 9.      | GVA (total of 1 to 8)                                                        | 9210023                        | 10380813                       | 11472409                       | 12252306                       | 100.0                     | 100.0                     | 100.0                     | 100.0                     |

*****