Quarterly Economic Update
1Estimation of GDP (Gross Domestic Product) and GVA (Gross Value Added) by Central Statistics Office:
  • Quarterly GDP at constant prices (2011-12) for Q1 of 2018-19 is estimated at USD 519 billion against USD 480 billion in Q1 of 2017-18 (marking a growth rate of 8.2%)
  • Gross Fixed Capital Formation, which stands as the proxy for Investments, at constant prices (2011-12) has increased to USD 164 billion in Q1 of 2018-19 from USD 149 billion in Q1 of 2017-18.
  • Economic activities registering growth over 7% are:
    • Manufacturing
    • Electricity and gas
    • Water supply & other utility services
    • Construction
    • Public administration, Defense and Other services
2Growth rates registered by various sectors:
3Agriculture, forestry and fishing
  • Crops including fruits and vegetables account for about 55.1% of GDP in agriculture, forestry and fishing sector
  • Growth rate registered during the Rabi season of agriculture year 2017-18 (which ended in June 2018):
    • Production of rice (15%)
    • Wheat (1.2%)
    • Coarse cereals (15.6%)
    • Pulses (17.3%)
  • Nineteen out of the twenty three industry groups in the manufacturing sector shown positive growth during June 2018 as compared to June 2017.
  • Top 3 sectors that have shown positive growth during the month of June 2018 as compared to the corresponding month of the previous year are:
    • Manufacture of computer, electronic and optical products (44.1%)
    • Manufacture of motor vehicles, trailers and semi-trailers (20.5%)
    • Manufacture of transport equipment (15.6%)
5Services sector
Growth witnessed in following sectors during April-June, Q1 2018-19:
  • Cargo handled at major sea ports (4.0%)
  • Cargo handled by the civil aviation (3.7%)
  • Passengers handled by the civil aviation (17.1%)
September 2018