Tuesday, December 25, 2012

GDP of India by Economic Activity during July to September, 2012


Quarterly GDP at factor cost at 2004-05 prices for second Quarter of 2012-13 has grown by 5.3 per cent over the corresponding Quarter of previous year.
GDP at factor cost at current prices in Quarter 2 of 2012-13 has grown in Quarter 2 of 2011-12 by 13.6 per cent. Thus, the implicit price contribution in the GDP in the second Quarter is 8.3 per cent.

The economic activities which registered significant growth in this Quarter of 2012-13 over that of 2011-12 are, ‘construction’ at 6.7 per cent, ‘trade, hotels, transport and communication’ at 5.5 per cent, ‘financing, insurance, real estate and business services’ at 9.4 per cent, and ‘community, social and personal services’ at 7.5 per cent. The growth rates in ‘agriculture, forestry & fishing’ is estimated at 1.2 per cent, ‘mining and quarrying’ at 1.9 per cent, ‘manufacturing’ at 0.8 per cent, ‘electricity, gas and water supply’ at 3.4 per cent in this period.

The wholesale price index (WPI), in respect of the groups - food articles, fish, minerals, manufactured products, electricity and all commodities, has risen by 9.0 per cent, 17.7 per cent, 10.3 percent, 6.1 per cent, 16.5 per cent and 7.6 per cent, respectively during
Q2 of 2012-13, over Q2 of 2011-12.

The economic activities which registered significant growth in this Quarter of 2012-13 at current prices over that of 2011-12 are, ‘electricity, gas and water supply’ at 20.5 per cent, ‘financing, insurance, real estate and business services’ at 18.3 per cent, ‘community, social & personal services’ at 16.8 percent, ‘construction’ at 14.9 percent and ‘trade, hotels, transport and communication’ at 12.6 per cent. The estimated growth rates in other economic activities in this Quarter are 12.1 per cent in ‘mining and quarrying’, 11.2 per cent in ‘agriculture, forestry & fishing’ and 6.9 per cent in ‘manufacturing’.

As can be seen, price is the main factor in the growth of the Gross Domestic Product at factor cost at prevalent prices. Most of the products and services produced in India become large only due to increase in their prices.

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