Lok Sabha Question No. 1484 (UNSTARRED), answered on 2016-03-04
Subject: GDP Growth Rate
Ministry: FINANCE
Asked by: VEENA DEVI

- (a) whether the Government has assessed the growth of Gross Domestic Product (GDP) during the last three years and the current year;
- (b) if so, the details thereof, year-wise;
- (c) whether the Government has also assessed the growth rate in the agricultural, industrial, manufacturing and services sectors while making the said assessment; and
- (d) if so, the details of estimated annual growth rate in these sectors during the said period, Sector-wise?

## ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI JAYANT SINHA)

- (a) & (b): The growth rate of Gross Domestic Product (GDP) at constant (2011-12) market prices during the last three years and the current year is given in the following table.
- (c) & (d): Growth rate in GVA at constant (2011-12) basic prices of agriculture, forestry & fishing, industry (which includes mining & quarrying, manufacturing, construction, electricity, gas, water supply & other utility services), manufacturing and services sectors during the last three years and the current year is given in the following table:

| Growth rate in GDP at Constant (2011-12) Market Prices (Per cent)   | Growth rate in GDP at Constant (2011-12) Market Prices (Per cent)   | Growth rate in GDP at Constant (2011-12) Market Prices (Per cent)   | Growth rate in GDP at Constant (2011-12) Market Prices (Per cent)   | Growth rate in GDP at Constant (2011-12) Market Prices (Per cent)   |
|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|
|                                                                     | 2012-13                                                             | 2013-14                                                             | 2014-15                                                             | 2015-16 (AE)                                                        |
| GDP                                                                 | 5.6                                                                 | 6.6                                                                 | 7.2                                                                 | 7.6                                                                 |
| Source: CSO. AE: Advance Estimates                                  |                                                                     |                                                                     |                                                                     |                                                                     |

| Sector-wise Growth in GVA at Constant (2011-12) Basic Prices (Per cent)   | Sector-wise Growth in GVA at Constant (2011-12) Basic Prices (Per cent)   | Sector-wise Growth in GVA at Constant (2011-12) Basic Prices (Per cent)   | Sector-wise Growth in GVA at Constant (2011-12) Basic Prices (Per cent)   | Sector-wise Growth in GVA at Constant (2011-12) Basic Prices (Per cent)   |
|---------------------------------------------------------------------------|---------------------------------------------------------------------------|---------------------------------------------------------------------------|---------------------------------------------------------------------------|---------------------------------------------------------------------------|
| Sectors                                                                   | 2012-13                                                                   | 2013-14                                                                   | 2014-15                                                                   | 2015-16 (AE)                                                              |
| Agriculture, forestry & fishing                                           | 1.5                                                                       | 4.2                                                                       | -0.2                                                                      | 1.1                                                                       |
| Industry                                                                  | 3.6                                                                       | 5.0                                                                       | 5.9                                                                       | 7.3                                                                       |
| Manufacturing                                                             | 6.0                                                                       | 5.6                                                                       | 5.5                                                                       | 9.5                                                                       |
| Services                                                                  | 8.1                                                                       | 7.8                                                                       | 10.3                                                                      | 9.2                                                                       |
| Source: CSO. AE: Advance Estimates                                        | Source: CSO. AE: Advance Estimates                                        | Source: CSO. AE: Advance Estimates                                        | Source: CSO. AE: Advance Estimates                                        | Source: CSO. AE: Advance Estimates                                        |