NEW DELHI: The Central Statistics Office on Wednesday revised the Gross Domestic Product (GDP) expansion charge for 2015-16 to 8.2 consistent with cent from the earlier estimates of 8 consistent with cent and stored the 2016-17 expansion unchanged at 7.1 consistent with cent.
The actual GDP or GDP at constant (2011-12) costs for the years 2016-17 and 2015-16 stands at Rs 121.96 lakh crore and Rs 113.86 lakh crore respectively, appearing expansion of seven.1 consistent with cent throughout 2016-17 and 8.2 consistent with cent throughout 2015-16, the CSO stated in a statement.
In terms of actual GVA (gross price added), it stated the GVA at constant (2011-12) elementary costs grew 7.1 consistent with cent in 2016- 17, as against a expansion of 8.1 consistent with cent in 2015-16.
According to advance GDP estimates of CSO, the GVA expansion on 2011-12 value was once estimated at 6.6 consistent with cent for 2016-17.
The CSO lately launched the primary revised estimates of nationwide account for 2016-17 at the side of 2d revised estimates for 2015-16 and 3rd revised estimates for 2014-15 (with base year 2011-12).
Under the 3rd revision, the CSO has estimated GDP expansion in 2014-15 at 7.4 consistent with cent from previous estimates of seven.five consistent with cent.
The CSO stated that the primary revised estimates for 2016-17 had been compiled the usage of industry-wise/institution-wise detailed information as an alternative of the usage of the benchmark-indicator means hired on the time of liberate of Provisional Estimates on May 31, 2017.
The estimates of GDP and different aggregates for the years 2014-15 and 2015-16 have gone through revision because of use of recent available knowledge on agricultural manufacturing; industrial manufacturing especially the ones according to the provisional result of Annual Survey of Industries (ASI): 2015-16 and ultimate result of ASI: 2014-15; government expenditure and likewise more comprehensive knowledge available from more than a few supply agencies and State/UT Directorates of Economics and Statistics.
The actual GDP or GDP at constant (2011-12) costs for the years 2016-17 and 2015-16 stands at Rs 121.96 lakh crore and Rs 113.86 lakh crore respectively, appearing expansion of seven.1 consistent with cent throughout 2016-17 and 8.2 consistent with cent throughout 2015-16, the CSO stated in a statement.
In terms of actual GVA (gross price added), it stated the GVA at constant (2011-12) elementary costs grew 7.1 consistent with cent in 2016- 17, as against a expansion of 8.1 consistent with cent in 2015-16.
According to advance GDP estimates of CSO, the GVA expansion on 2011-12 value was once estimated at 6.6 consistent with cent for 2016-17.
The CSO lately launched the primary revised estimates of nationwide account for 2016-17 at the side of 2d revised estimates for 2015-16 and 3rd revised estimates for 2014-15 (with base year 2011-12).
Under the 3rd revision, the CSO has estimated GDP expansion in 2014-15 at 7.4 consistent with cent from previous estimates of seven.five consistent with cent.
The CSO stated that the primary revised estimates for 2016-17 had been compiled the usage of industry-wise/institution-wise detailed information as an alternative of the usage of the benchmark-indicator means hired on the time of liberate of Provisional Estimates on May 31, 2017.
The estimates of GDP and different aggregates for the years 2014-15 and 2015-16 have gone through revision because of use of recent available knowledge on agricultural manufacturing; industrial manufacturing especially the ones according to the provisional result of Annual Survey of Industries (ASI): 2015-16 and ultimate result of ASI: 2014-15; government expenditure and likewise more comprehensive knowledge available from more than a few supply agencies and State/UT Directorates of Economics and Statistics.
FY16 GDP growth revised up to 8.2%, FY17 unchanged at 7.1%: CSO
![FY16 GDP growth revised up to 8.2%, FY17 unchanged at 7.1%: CSO]()
Reviewed by Kailash
on
February 01, 2018
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