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GOVERNMENT OF INDIA
2. The CSO has also released the corresponding annual and quarterly estimates of
Expenditure components of the GDP in current and constant (2004-05) prices, namely the
private final consumption expenditure, government final consumption expenditure, gross fixed
capital formation, change in stocks, valuables, and net exports.
6. In the agriculture sector, the third advance estimates of crop production released by the
Ministry of Agriculture showed an upward revision as compared to their second advance
estimates in the production of rice (89.31 million tonnes from 87.56 million tones), wheat
(80.98 million tones from 79.06 million tones), cotton (228.34 from 223.18 lakh bales of 170
kg. each) and sugarcane (274.66 million tones from 251.27 million tones) during 2009-10. Due
to this upward revision in the production, the growth rate in ‘agriculture, forestry and fishing’
sector in 2009-10 has shown a growth rate of 0.2 per cent, as against the growth rate of (-) 0.2
per cent in the Advance estimates.
7. In the case of ‘mining and quarrying’, the Index of Industrial Production of Mining (IIP-
Mining) registered a growth rate of 9.7 per cent during 2009-10, as against the growth rate of
8.3 per cent during April-November, 2009, which was used in the Advance Estimates. Due to
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this increase in the IIP-Mining, the growth rate in GDP is now estimated at 10.6 per cent, as
against the advance estimate growth rate of 8.7 per cent.
8. Similarly, the IIP of manufacturing registered a growth rate of 10.9 per cent during
2009-10, as against the growth rate of 7.7 per cent during April-November, 2009. Due to this
increase in the IIP, the GDP of ‘manufacturing’ sector is now estimated at 10.8 per cent, as
against the Advance estimate growth rate of 8.9 per cent.
9. However, the sector 'community, social and personal services' has shown a steep fall in
growth rate to 5.6 per cent in the revised estimates, as against the growth rate of 8.2 per cent in
the advance estimates, mainly due to greater fall in total expenditure of central government than
anticipated (during April-December, 2009, the total expenditure of central government showed
a rise of 18.5 per cent which was extrapolated in the advance estimates, whereas the RE, 2009-
10 showed a rise of 15.6 per cent in this item during 2009-10) and increase in the deflator in
terms of consumer price index for industrial workers (CPI-IW) from 11.4 per cent during April-
December, 2009 to 12.4 per cent during 2009-10. Besides, there is also more fall in the GDP of
other activities due to increase in the deflators than anticipated in terms of CPI-IW and
wholesale price index.
10. The sectors which showed growth rates of 5 per cent or more, are ‘mining and
quarrying’ (10.6 per cent), ‘manufacturing’ (10.8 per cent), ‘electricity, gas and water supply’
(6.5 per cent) ‘construction’ (6.5 per cent), 'trade, hotels, transport and communication' (9.3 per
cent), 'financing, insurance, real estate and business services' (9.7 per cent), and 'community,
social and personal services' (5.6 per cent). The ‘agriculture, forestry and fishing’ sector,
however registered a growth rate of 0.2 per cent.
20. The discrepancies at current and constant (2004-05) prices during 2009-10 are estimated
at zero per cent and 0.3 per cent, respectively of the GDP at market prices, as against the
corresponding rate of 0.4 per cent and (-) 0.4 per cent, respectively in 2008-09.
21. Estimates of gross/net national product, gross/net domestic product and per capita
income, alongwith GDP at factor cost by kind of economic activity and the Expenditures on
GDP for the years 2007-08, 2008-09 and 2009-10 at constant (2004-05) and current prices are
given in Statements 1 to 6.
23. The PFCE and GFCF at constant (2004-05) market prices in Q4 of 2009-10 are
estimated at Rs. 6,84,311 crore and Rs. 4,63,451 crore, respectively. The rates of PFCE and
GFCF as percentage of GDP at market prices in Q4 of 2009-10 were 51.1 per cent and 34.6 per
cent, respectively, as against the corresponding rates of 55.4 per cent and 32.7 per cent,
respectively in Q4 of 2008-09.
25. The PFCE and GFCF at current market prices in Q4 of 2009-10 are estimated at Rs.
9,42,549 crore and Rs. 6,05,381 crore, respectively. The rates of PFCE and GFCF at current
prices as percentage of GDP at market prices in Q4 of 2009-10 are estimated at 53.2 per cent
and 34.2 per cent, respectively, as against the corresponding rates of 56.3 per cent and 32.9 per
cent, respectively in Q4 of 2008-09. The source of data used for imports and exports for the
first three quarters is the Balance of Payment Statistics from the Reserve Bank of India (RBI).
The fourth quarter data for imports and exports in respect of merchandise trade is estimated
from the annual growth in imports and exports of merchandise trade released by the
Department of Commerce, as RBI data for the fourth quarter is not yet available. From the data,
it appears that although there has been a strong recovery in imports, the same has yet to overtake
export growth.
26. Estimates of GDP at factor cost by kind of economic activity and the Expenditures on
GDP for the four quarters of 2007-08, 2008-09 and 2009-10 at constant (2004-05) and current
prices, are given in Statements 7 to 10.
27. The next release of quarterly GDP estimate for the quarter April-June, 2010 (Q1
of 2010-11) will be on 31.08.2010.
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