Shri
Srikant Kumar Jena, Minister of State (Independent charge), Ministry of
Statistics & Programme Implementation released the advance
estimates of national income 2011-12. Shri Jena said that the growth in
GDP at factor cost during 2011-12, at 2004-05 prices, is estimated at
6.9 per cent as compared to the growth rate of 8.4 per cent in 2010-11.
The ‘agriculture, forestry and fishing’ sector has shown a growth of 2.5 per cent in its GDP during 2011-12, as against the growth rate of corresponding period last year of 7.0 per cent. Growth in GDP in mining and quarrying is estimated at -2.2 per cent during 2011-12.
The GDP in manufacturing sector is estimated at 3.9 per cent during 2011-12 which is also consistent with the growth in IIP Index of manufacturing registering growth rates of 4.1 per cent during April-Nov, 2011-12. GDP in electricity sector is estimated at 8.3 per cent during 2011-12. The construction industry is estimated to grow by 4.8 per cent in 2011-12. The key indicators of construction sector, namely, production of cement registered growth rate of 5.3 per cent and consumption of finished steel registered growth rate of 4.4 per cent, during April-Dec, 2011-12.
The GDP growth in trade, hotels, transport and communication sector during 2011-12 is estimated at 11.2 per cent. Financing, real estate and business services is estimated to grow 9.1 percent. Community, social and personal services is estimated to grow 5.9 percent .
The growth in GDP at market prices during 2011-12 is estimated at 7.5 per cent as compared to the growth rate of 9.6 percent in 2010-11. Private final consumption expenditure is estimated to show a growth rate of 6.5 percent. Gross Fixed Capital Formation which is an important indicator of investment in the economy is estimated to grow by 5.6 percent.
The ‘agriculture, forestry and fishing’ sector has shown a growth of 2.5 per cent in its GDP during 2011-12, as against the growth rate of corresponding period last year of 7.0 per cent. Growth in GDP in mining and quarrying is estimated at -2.2 per cent during 2011-12.
The GDP in manufacturing sector is estimated at 3.9 per cent during 2011-12 which is also consistent with the growth in IIP Index of manufacturing registering growth rates of 4.1 per cent during April-Nov, 2011-12. GDP in electricity sector is estimated at 8.3 per cent during 2011-12. The construction industry is estimated to grow by 4.8 per cent in 2011-12. The key indicators of construction sector, namely, production of cement registered growth rate of 5.3 per cent and consumption of finished steel registered growth rate of 4.4 per cent, during April-Dec, 2011-12.
The GDP growth in trade, hotels, transport and communication sector during 2011-12 is estimated at 11.2 per cent. Financing, real estate and business services is estimated to grow 9.1 percent. Community, social and personal services is estimated to grow 5.9 percent .
The growth in GDP at market prices during 2011-12 is estimated at 7.5 per cent as compared to the growth rate of 9.6 percent in 2010-11. Private final consumption expenditure is estimated to show a growth rate of 6.5 percent. Gross Fixed Capital Formation which is an important indicator of investment in the economy is estimated to grow by 5.6 percent.
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