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First Advance Estimates of National Income, 2016-17

News and Press Release - Dated:- 7-1-2017 - The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation have released the First Advance estimates of national income at constant (2011-12) and current prices, for the financial year 2016-17. These are presented in Statements 1-4. 2. The First Advance Estimates of GDP have been released in accordance with the release calendar of National Accounts@. The approach for compiling the advance estimates is based on benchmark-in .....

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passengers and cargo handled by civil aviation, cargo handled at major sea ports, sales of commercial vehicles etc. available for first 7/8 months of the financial year. The salient features of the estimates are detailed below: A. ESTIMATES AT CONSTANT (2011-12) PRICES Gross Domestic Product 3. Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2016-17 is likely to attain a level of ₹ 121.55 lakh crore, as against the Provisional Estimate of GDP for the year .....

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The sectors which registered growth rate of over 7.0 percent are, 'public administration, defence and other services , 'financial, real estate and professional services' and manufacturing . @http://mospi.nic.in/sites/default/files/press_releases_statements/Modification_Rev%20Policy_16.11.2016.pdf The growth in the agriculture, forestry and fishing , mining and quarrying , electricity, gas, water supply and other utility services , construction and Trade, hotels, transport, communica .....

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wings. According to the information furnished by the Department of Agriculture and Cooperation (DAC), the production growth of food grains during the Kharif season of agriculture year 2016-17 was 8.9 percent as compared to decline of 3.2 percent during the same period in 2015-16. In case of livestock sector, estimates of production, mainly in the form of targets are available for milk, egg, and wool, from the Department of Animal Husbandry, Ministry of Agriculture. Around 39.0 percent of GVA of .....

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pril-November 2016-17 as compared to 4.3 percent, (-)0.4 percent and (-)2.3 percent respectively during April-November, 2015-16. The growth rates observed in these items have been used to extrapolate the Provisional Estimates of value of output of coal, crude petroleum, and other major and minor minerals, respectively. IIP of mining registered growth rate of (-)0.2 percent during April-October, 2016-17 as compared to 2.2 percent during April-October, 2015-16. Advance Estimate of IIP for 2016-17 .....

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9.3 percent in 2015-16. The private corporate sector has a share of around 72 percent in the manufacturing sector. The private corporate sector growth in the manufacturing sector was estimated using latest available information on major listed companies during first half of 2016-17. The quasi corporate and unorganized segment (which include individual proprietorship and partnerships and khadi & village Industries has a share of around 23 percent in the manufacturing sector) has been estimat .....

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ring registered growth rates of (-) 1.0 during April-October, 2016-17 as compared to 5.1 percent during April-October, 2015-16. The wholesale price index (WPI), in respect of the manufactured products registered a growth of 2.0 per cent during April-November, 2016-17 as compared to (-)1.3 percent during April-November, 2015-16. Electricity, Gas, water supply and other utility services 9. GVA at basic prices for 2016-17 from Electricity ,Gas, water supply and other utility services sector is expe .....

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at basic prices for 2016-17 from Construction sector is expected to grow by 2.9 percent as compared to growth of 3.9 percent in 2015-16. Key indicators of construction sector, namely, production of cement and consumption of finished steel registered growth rates of 4.3 percent and 3.0 percent respectively during April-November, 2016-17. Trade, hotels and Transport & communication and services related to broadcasting 11. The estimated growth in GVA for the trade, hotels, transport and commun .....

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pril-November, 2015-16. Among the other services sectors, the key indicators of railways, namely, the net tonne kilometres and passenger kilometres have shown growth rate of (-) 7.4 per cent and (-) 0.4 percent respectively during April-November 2016-17. Cargo handled at major sea ports increased by 6.8 per cent during April-November, 2016-17 as compared to 3.4 percent during April-November, 2015-16. Passengers and cargo handled by civil aviation increased by 19.6 per cent and 9.9 per cent respe .....

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s industry is the real estate and professional services which has a share of 71.0 percent. The key indicators of this sector are the quarterly growth of corporate sector for real estate sector and computer related activities which was estimated using latest available information on listed companies for the first half of 2016-17. The other indicators of this sector, viz., aggregate bank deposits and bank credits have shown growth rates of 9.8 per cent, and 9.1 per cent, respectively as on October .....

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at 2011-12 prices) during 2016-17 is likely to attain a level of ₹ 81805 as compared to ₹ 77,435 for the year 2015-16. The growth rate in per capita income is estimated at 5.6 per cent during 2016-17, as against 6.2 per cent in the previous year. B. ESTIMATES AT CURRENT PRICES 15. Price indices used as deflators The wholesale price index (WPI), in respect of the groups - food articles, manufactured products, electricity and all commodities, has risen by 6.9 per cent, 2.0 per cent, (- .....

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nominal Net National Income (NNI), also known as national income (at current prices) is likely to be ₹ 133.81 lakh crore during 2016-17, as against ₹ 119.69 lakh crore for the year 2015-16. In terms of growth rates, the national income registered a growth rate of 11.8 per cent in 2016-17 as against the previous year s growth rate of 8.7 per cent. Per Capita Income 18. The per capita net national income during 2016-17 is estimated to be ₹ 103,007 showing a rise of 10.4 per cent .....

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le on merchandise trade in respect of imports and exports, balance of payments, and expenditure of Central Government. As various components of expenditure on gross domestic product, namely, consumption expenditure and capital formation, are normally measured at market prices, the discussion in the following paragraphs is in terms of market prices only. Private Final Consumption Expenditure 20. Private Final Consumption Expenditure (PFCE) at current prices is estimated at ₹ 89.72 lakh cror .....

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rnment Final Consumption Expenditure (GFCE) at current prices is estimated at ₹ 18.61 lakh crore in 2016-17 as against ₹ 14.39 lakh crore in 2015-16. At constant (2011-12) prices, the GFCE is estimated at ₹ 13.95 lakh crore in 2016-17as against ₹ 11.27 lakh crore in 2015-16. In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during 2016-17 are estimated at 12.3 per cent and 11.5 per cent, respectively, as against the corresponding rates of 10.6 pe .....

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and 29.1 per cent, respectively, as against the corresponding rates of 29.3 per cent and 31.2 per cent, respectively in 2015-16. The GFCF is expected to register growth rate of 1.7 percent at current prices and (-)0.2 percent at constant prices. 23. Estimates of Gross/Net National Income and Per Capita Income along with GVA at basic prices by kind of economic activity and the Expenditures of GDP for the years 2014-15 and 2015-16 and 2016-17, at constant (2011-12) and current prices are given in .....

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products 824660 923058 1001760 11.9 8.5 3 GDP (1+2) 10552151 11350249 12154797 7.6 7.1 4 NDP 9359476 10071784 10787338 7.6 7.1 Final Expenditures 5 PFCE 5864283 6301128 6713186 7.4 6.5 6 GFCE 1102607 1126952 1394898 2.2 23.8 7 GFCF 3408251 3540750 3535003 3.9 -0.2 8 CIS 195007 205816 216545 5.5 5.2 9 VALUABLES 173275 173811 115665 0.3 -33.5 10 Exports of goods and services 2508402 2377742 2429080 -5.2 2.2 11 Less Imports of goods and services 2664390 2590793 2491499 -2.8 -3.8 12 Discrepancies - .....

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) 1267 1283 1299 1.3 1.2 26 Per Capita GDP 83285 88466 93570 6.2 5.8 27 Per Capita GNI 82302 87399 92332 6.2 5.6 28 Per Capita NNI 72889 77435 81805 6.2 5.6 29 Per Capita PFCE 46285 49112 51680 6.1 5.2 * Relates to mid-financial year RE: Revised estimates PE: Provisional Estimates; AE: Advance Estimates STATEMENT 2: First Advance Estimates of National Income and Expenditures on GDP, 2016-17 ( At Current Prices) (Rs. crore) S.No Item 2014-15 2015-16 2016-17 ( 1st RE ) (PE) (Ist AE) 2015-16 2016-1 .....

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-5.4 5.7 11 Less Imports of goods and services 3233123 3051005 3034410 -5.6 -0.5 12 Discrepancies 44168 9135 97422 13 GDP 12488205 13576086 15192588 8.7 11.9 RATES TO GDP 14 PFCE 57.6 59.5 59.1 15 GFCE 10.9 10.6 12.3 16 GFCF 30.8 29.3 26.6 17 CIS 1.8 1.7 1.7 18 VALUABLES 1.5 1.4 0.9 19 Exports of goods and services 22.9 19.9 18.8 20 Less Imports of goods and services 25.9 22.5 20.0 21 Discrepancies 0.4 0.1 0.6 22 GDP 100.0 100.0 100.0 23 GNI 12340772 13418745 15002477 8.7 11.8 24 NNI 11007592 11 .....

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ATEMENT 3: First Advance Estimates of GVA at Basic Price by Economic Activity (At 2011-12 prices) (Rs. crore) Industry 2014-15 ( 1st RE ) 2015-16 (PE) 2016-17 ( IstAE) Per centage change over previous year 2015-16 2016-17 1. Agriculture, forestry & fishing 1,584,293 1,604,044 1,669,833 1.2 4.1 2. Mining & quarrying 296,328 318,377 312,663 7.4 -1.8 3. Manufacturing 1,667,069 1,821,926 1,957,026 9.3 7.4 4. Electricity, gas,water supply& other utility services 216,970 231,228 246,188 6. .....

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