Indias GDP growth rises 6.3% in September quarter
India’s GDP at constant (2011-12) prices in Q2 of 2017-18 is estimated at Rs31.66lakh cr, as against Rs29.79lakh cr in Q2 of 2016-17, showing a growth rate of 6.3%.
Quarterly GVA at Basic Price at constant (2011-12) prices for Q2 of 2017-18 is estimated at Rs29.18lakh cr, as against Rs27.51lakh cr in Q2 of 2016-17, showing a growth rate of 6.1% over the corresponding quarter of previous year.
The economic activities which registered growth of over 6% in Q2 of 2017-18 over Q2 of 2016-17 are manufacturing, electricity, gas, water supply & other utility services, trade, hotels, transport & communication and services related to broadcasting.
The growth in the agriculture, forestry and fishing, mining and quarrying, construction financial, insurance, real estate and professional services’ and Public administration, defence & other services is estimated to be 1.7%, 5.5%, 2.6%, 5.7% and 6% respectively, during this period.
Quarterly GVA at basic prices for Q2 of 2017-18 from agriculture, forestry and fishing sector grew by 1.7% as compared to growth of 4.1% in Q2 of 2016-17.
According to the information furnished by the Department of Agriculture and Cooperation, which has been used in compiling the estimate of GVA from agriculture in Q2 of 2017-18, the production of food grains during the Kharif season of agriculture year 2017-18 declined by 2.8% as compared to the growth of 10.7% during the same period in 2016-17.
Around 52.5% of GVA of this sector is based on the livestock products, forestry and fisheries, which registered a combined growth of around 3.8% in Q2 of 2017-18.
Quarterly GVA at basic prices for Q2 of 2017-18 from mining and quarrying sector grew by 5.5% as compared to the decline of 1.3% in Q2 of 2016-17. The key indicators of the mining sector, namely, production of coal, crude oil and IIP mining registered growth rates of 8.6%, -0.7% and 7.2% respectively during Q2 of 2017-18 as compared to -4.2%, -3.3% and -1.5% respectively in Q2 of 2016-17.
Government Final Consumption Expenditure (GFCE) at current prices is estimated at Rs5.43lakh cr in Q2 of 2017-18 as against Rs5.07lakh cr in Q2 of 2016-17.
Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs10.61 lakh cr in Q2 of 2017-18 as against Rs9.98 lakh cr in Q2 of 2016-17.
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Via:: Stock – India Infoline