Consider the following
data in respect of three economic broad sectors of Indian Economy. One may see that the share of these sectors for
the year 2011-12 are different at constant (2004-05) prices and at current
prices. Truer picture is given by the
figures at constant prices, as the prices get increased in these broad sectors
differently. Thus, GDP at constant prices explains the difference in the shares of GDP of the three sectors for the terminal year.
It could be seen that the implicit deflators (last table) depict the prices in various sectors, the prices for the primary sector have increased with faster pace over the period than for other two sectors. Thus, Agricultural Commodities' Prices have increased faster than manufactured Articles in India since 2004-05. Also the services' prices also moved slowly than the primary sector articles.
It could be seen that the implicit deflators (last table) depict the prices in various sectors, the prices for the primary sector have increased with faster pace over the period than for other two sectors. Thus, Agricultural Commodities' Prices have increased faster than manufactured Articles in India since 2004-05. Also the services' prices also moved slowly than the primary sector articles.
Sectors
|
Share
of GDP at (2004-05) Prices
|
||
(%)
|
|||
2004-05
|
2010-11
|
2011-12
|
|
QE
|
RE
|
||
Primary
Sectors
|
21.9
|
16.8
|
16.1
|
Secondary
Sectors
|
25.1
|
25.6
|
24.9
|
Service
Sectors
|
53.0
|
57.7
|
59.0
|
Sectors
|
Share
of GDP at Current Prices
|
||
(%)
|
|||
2004-05
|
2010-11
|
2011-12
|
|
QE
|
RE
|
||
Primary Sectors
|
21.9
|
20.4
|
19.9
|
Secondary Sectors
|
25.1
|
24.4
|
23.7
|
Service Sectors
|
53.0
|
55.1
|
56.4
|
Sectors
|
Implicit
GDP Price Deflator
|
||
(%)
|
|||
2004-05
|
2010-11
|
2011-12
|
|
QE
|
RE
|
||
Primary Sectors
|
1.00
|
1.79
|
1.96
|
Secondary Sectors
|
1.00
|
1.40
|
1.50
|
Service Sectors
|
1.00
|
1.40
|
1.51
|
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