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Finance Ministry: Salient Features Emerging from Quarterly Estimates of GDP for Q1 of 2016-17 Released by CSO; Lower growth in Q1 of 2016-17, compared to Q1 of 2015-16 is attributable among others to increase in subsidies by 53 per cent which has resulted in lower growth of net indirect taxes

News and Press Release - Dated:- 1-9-2016 - The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation released the estimates of Gross Domestic Product (GDP) for the First Quarter (April-June) Q1, of 2016-17, both at con .....

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or the First Quarter (Q1) of 2016-17 is estimated to be 7.1 per cent as against 7.5 per cent for Q1 of 2015-16. Growth of GDP for the full year 2015-16 was estimated to be 7.6 per cent. The Finance Ministry states that the lower growth in Q1 of 2016- .....

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lined from 7.1 per cent in Q1 of 2015-16 to (-) 3.1 per cent in Q1 2016-17. The ratio of fixed capital formation (which is also called fixed investment) to GDP at current prices declined from 31.6 per cent in Q1 2015-16 to 28.3 per cent in Q1 2016-17 .....

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ajor component of GDP) has remained more or less the same (6.7 per cent in Q1 2016-17 as against 6.9 per cent in Q1 2015-16, in real terms). The Finance Ministry states that the GDP growth has also been helped by the improvement in the growth of expo .....

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d marginally from 7.2 per cent in Q1 2015-16 to 7.3 per cent in Q1 of 2016-17. GVA growth is higher than the GDP growth because the growth in net indirect taxes declined from 11.9 per cent in Q1 2015-16 to 3.6 per cent in Q1 2016-17. As already state .....

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per cent in Q1 2016-17, as against 2.6 per cent in Q1 2015-16. The Finance Ministry states that the manufacturing has been one of the bright spots at the supply side with growth increasing from 7.3 per cent in Q1 2015-16 to 9.1 per cent in Q1 2016-1 .....

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