CSO released Advance Estimates of National Income 2015-16

277

Who: Advance Estimates of National Income 2015-16
What: Released by CSO
When: 8 February 2016

Central Statistics Office (CSO) under the Ministry of Statistics and Programme Implementation (MoSPI) on 8 February 2016 released the Advance Estimates (AE) of National Income for the financial year (FY) 2015-16.

 

It also released the Quarterly Estimates (QE) of the Gross Domestic Product (GDP) for the third quarter (Q3) of the FY 2015-16.

Main highlights of Advance Estimates

• The growth in GDP during 2015-16 is estimated at 7.6 % as compared to the growth rate of 7.2 % in 2014- 15.
• Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2015- 16 is likely to attain a level of 113.51 lakh crore rupees.
• Real Gross Value Added (GVA) or GVA at basic constant prices (2011-12) is anticipated to increase from 97.27 lakh crore rupees in 2014-15 to 104.38 lakh crore rupees in 2015-16.
• Anticipated growth of real GVA at basic prices in 2015-16 is 7.3 % against 7.1 % in 2014-15.
• The sectors which are likely to register growth rate of over 7.0 % are financial, real estate and professional services, trade, hotels, transport, communication and services related to broadcasting, and manufacturing.
• The growth in the agriculture, forestry and fishing, mining and quarrying, electricity, gas, water supply and other utility services, construction and public administration, defence and other services is estimated to be 1.1 %, 6.9 %, 5.9 %, 3.7 % and 6.9 % respectively.
• The per capita income in real terms (at 2011-12 prices) during 2015-16 is likely to attain a level of 77431 rupees as compared to 72889 rupees for the year 2014-15.
• The growth rate in per capita income is estimated at 6.2 % during 2015-16, as against 5.8 % in the previous year.
• The wholesale price index (WPI), in respect of the groups – food articles, manufactured products, electricity and all commodities, has risen by 3.0 %, (-)1.3 %, 4.4 % and (-)3.0 %, respectively during April-December 2015-16.
• The consumer price index has shown a rise of 4.8 % during April-December, 2015-16
• GDP at current prices in the year 2015-16 is likely to attain a level of 135.67 lakh crore rupees, as against 124.88 lakh crore rupees in 2014-15 showing a growth rate of 8.6 %.
• The nominal Net National Income (NNI), also known as national income (at current prices) is likely to be 119.62 lakh crore rupees during 2015-16, as against 110.08 lakh crore rupees for the year 2014- 15.
• In terms of growth rates, the national income registered a growth rate of 8.7 % in 2015- 16 as against the previous year’s growth rate of 10.8 %.
• The per capita net national income during 2015-16 is estimated to be 93231 rupees showing a rise of 7.3 % as compared to 86879 rupees during 2014-15 with the growth rate of 9.4 %.
• In terms of GDP, the rates of Private Final Consumption Expenditure (PFCE) at current and constant (2011-12) prices during 2015-16 are estimated at 59.8 % and 55.6 %, respectively
• In terms of GDP, the rates of Government Final Consumption Expenditure (GFCE) at current and constant (2011-12) prices during 2015-16 are estimated at 10.7 % and 10.0 %, respectively
• In terms of GDP, the rates of Gross Fixed Capital Formation (GFCF) at current and constant (2011-12) prices during 2015-16 are estimated at 29.4 % and 31.6 %, respectively
• The GFCF is expected to register growth rate of 3.6 % at current prices and 5.3 % at constant prices.

Advance Estimates of GVA at Basic Price by Economic Activity (At current prices)

Industry

Percentage over previous year

2014-15 2015-16
Agriculture, forestry & fishing

4.9

4.4

Mining & quarrying

2.8

3.7

Manufacturing

7.6

8.1

Electricity, gas, water supply& other utility services

12.9

10.5

Construction

7.8

0.6

Trade, hotels, transport, communication and services related to broadcasting

13.3

6.4

Financial, real estate & professional services

13.3

7.0

Public administration, defence and Other Services

17.3

12.5

GVA at Basic Price

10.5

6.8

Quarterly GDP growth rates for 2015-16 at constant (2011-12) and current prices

Growth rates of GDP

Constant Price (2011-12)

Current Prices

Annual 2015-16 (Advance)

7.6

8.6

Q1 2015-16 (April – June)

7.6

8.7

Q2 2015-16 (July – Sep)

7.7

6.4

Q3 2015-16 (Oct- Dec)

7.3

9.2