28th, June, 2002
Ministry of Statistics & Programme Implementation


REVISED ESTIMATES OF ANNUAL NATIONAL INCOME, 2001-02 AND QUARTERLY ESTIMATES OF GROSS DOMESTIC PRODUCT, 2001-02


The Central Statistical Organisation (CSO), Ministry of Statistics and Programme Implementation, has released the revised estimates of national income for the financial year 2001-02 at constant (1993-94) and current prices. Further, the CSO has also released the quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter [Jan-Mar (Q4)] of 2001-02, both at constant (1993-94) and current prices.

I REVISED ANNUAL ESTIMATES FOR THE YEAR 2001-02

The advance estimates of national income for the year 2001-02 were released on 5th February 2002. These estimates have now been revised incorporating latest estimates of agricultural production, index of industrial production and performance of key sectors like, railways, transport other than railways, communication, banking and insurance and government expenditure.

The salient features of these estimates are detailed below:

(a) Estimates at constant (1993-94) prices

Gross Domestic Product

GDP at factor cost at constant (1993-94) prices in the year 2001-02 is now estimated at Rs. 12,58,231 crore (as against Rs. 12,58,808 crore estimated earlier), showing a growth rate of 5.4 per cent (same growth rate as estimated earlier) over the Quick Estimates of GDP for the year 2000-01 of Rs. 11,93,922 crore, released on 31st January 2002.

The sectors which showed growth rates of over 5 per cent are "agriculture, forestry and fishing" (5.7 per cent, which is the same as estimated earlier), "trade, hotels, transport and communication" (6.2 per cent as compared to 6.3 per cent earlier), "financing, insurance, real estate & business services" (7.8 per cent as compared to 7.5 per cent earlier) and "community, social & personal services" (5.9 per cent as compared to 6.0 per cent earlier). The sectors "mining & quarrying" (1.8 per cent as compared to 1.4 per cent earlier), "manufacturing" (2.8 per cent as compared to 3.3 per cent earlier), "electricity, gas & water supply" (4.6 per cent as compared to 5.2 per cent earlier), and "construction (3.6 per cent as compared to 2.9 per cent earlier), however, recorded low growth rates during the year.

National Income

The net national product (NNP) at factor cost, also known as national income, at 1993-94 prices is now estimated at Rs. 11,04,689 crore (as compared to Rs. 11,01,065 crore estimated earlier), during 2001-02, as against the previous year’s Quick Estimate of Rs. 10,44,915 crore. In terms of growth rates, the national income is estimated to rise by 5.7 per cent during 2001-02 in comparison to the growth rate of 3.7 per cent in 2000-01.

Per Capita Income

The per capita income in real terms (at 1993-94 prices) during 2001-02 is estimated to attain a level of Rs. 10653 (as against Rs. 10618 estimated earlier), as compared to the Quick Estimates for the year 2000-01 of Rs. 10254. The growth rate in per capita income is estimated at 3.9 per cent during 2001-02, as against the previous year’s estimate of 1.9 per cent.

(b) Estimates at current prices

Gross Domestic Product

GDP at factor cost at current prices in the year 2001-02 is estimated at Rs. 20,68,810 crore, showing a growth rate of 9.1 per cent over the Quick Estimates of GDP for the year 2000-01 of Rs. 18,95,843 crore, released on 31st January 2002.

National Income

The NNP at factor cost at current prices is now estimated at Rs. 18,39,232 crore during 2001-02, as compared to Rs. 16,79,982 crore during 2000-01 showing a rise of 9.5 per cent.

Per Capita Income

The per capita income at current prices during 2001-02 is estimated to attain a level of Rs. 17736 as compared to the Quick Estimates for the year 2000-01 of Rs. 16487, showing a rise of 7.6 per cent.

Estimates of gross/net national product, gross/net domestic product and per capita income, alongwith GDP at factor cost by kind of economic activity, for the years 1999-2000, 2000-01 and 2001-02, at constant (1993-94) and current prices are given in Statements 1 to 4.

II QUARTERLY ESTIMATES OF GDP FOR THE QUARTER JAN-MAR 2001

(a) Estimates at constant (1993-94) prices

12. The four quarters of a financial year are denoted by Q1, Q2, Q3 and Q4. GDP at factor cost at constant (1993-94) prices in Q4 of 2001-02 is estimated at Rs. 3,41,580 crore, as against Rs. 3,21,131 crore in Q4 of 2000-01, showing a growth rate of 6.4 per cent. The sectors which registered significant growth rates in Q4 of 2001-02 over Q4 of 2000-01 are "agriculture, forestry and fishing" at 7.6 per cent, "electricity, gas and water supply" at 5.4 per cent, "construction" at 7.5 per cent, "trade, hotels, transport, and communication" at 7.2 per cent, "financing, insurance, real estate and business services" at 8.3 per cent and "community, social and personal services" at 5.6 per cent. The "mining & quarrying", and "manufacturing" sectors showed growth rates of less than 5 per cent.

(b) Estimates at current prices

GDP at factor cost at current prices in Q4 of 2001-02 is estimated at Rs. 5,61,483 crore, as against Rs. 5,15,315 crore in Q4 of 2000-01, showing a rise of 9.0 per cent.

Estimates of GDP at factor cost by kind of economic activity for the four quarters of 1999-2000, 2000-01 and 2001-02 at constant (1993-94) and current prices, alongwith the growth rates, are given in Statements 5 and 6, respectively.

  • The next release of quarterly GDP estimate for the quarter April-June, 2002 (Q1 of 2002-03) will be on 30.09.2002.

 

STATEMENT 1: Revised Estimates of National Income for the year 2001-02

(at1993-94 prices)

Item

1999-2000

2000-01

(Quick Estimate)

2001-02

(Revd. Estimate)

A.

ESTIMATES AT AGGREGATE LEVEL

     
 

1. NATIONAL PRODUCT (Rs. crore)

     
 

1.1

Gross national product (GNP) at factor cost

1136898

1181483

(3.9)

1249095

(5.7)

 

1.2

Net national product (NNP) at factor cost

1007743

1044915

(3.7)

1104689

(5.7)

 

2. DOMESTIC PRODUCT (Rs. crore)

     
 

2.1

Gross domestic product (GDP) at factor cost

1148500

1193922

(4.0)

1258231

(5.4)

 

2.2

Net domestic product (NDP) at factor cost

1019345

1057354

(3.7)

1113824

(5.3)

B

ESTIMATES AT PER CAPITA LEVEL

     

 

 

 

Population (million)

1001

1019

(1.8)

1037

(1.8)

   

Per capita NNP at factor cost (Rs.)

10067

10254

(1.9)

10653

(3.9)

Note: The figures in parentheses show the percentage change over previous year.

 

STATEMENT 2: Estimates of GDP at factor cost by Economic Activity

(at 1993-94 prices)

INDUSTRY

1999-2000 2000-01 2001-02

(Quick Est.) (Rev. Est.)

Rs. Crore

Percentage change over previous year

2000-01 2001-02

1.

agriculture, forestry & fishing

289842

289194

305818

-0.2

5.7

2.

mining & quarrying

26908

27796

28306

3.3

1.8

3.

manufacturing

192404

205220

211021

6.7

2.8

4.

electricity, gas & water supply

28637

30406

31804

6.2

4.6

5.

construction

58815

62801

65079

6.8

3.6

6.

trade, hotels, transport and communication

253506

266817

283369

5.3

6.2

7.

financing, insurance, real estate & business services

145865

150051

161696

2.9

7.8

8.

community, social & personal services

152523

161637

171137

6.0

5.9

GDP at factor cost

1148500

1193922

1258231

4.0

5.4

 

STATEMENT 3: Estimates of National Income for the year 2001-02

(at current prices)

Item

1999-2000

2000-01

(Quick Estimate)

2001-02

(Revd. Estimate)

A.

ESTIMATES AT AGGREGATE LEVEL

     
 

1. NATIONAL PRODUCT (Rs. crore)

     
 

1.1

Gross national product (GNP) at factor cost

1740207

1878429

(7.9)

2055107

(9.4)

 

1.2

Net national product (NNP) at factor cost

1557781

1679982

(7.8)

1839232

(9.5)

 

2. DOMESTIC PRODUCT (Rs. crore)

       
 

2.1

Gross domestic product (GDP) at factor cost

1755638

1895843

(8.0)

2068810

(9.1)

 

2.2

Net domestic product (NDP) at factor cost

1573212

1697396

(7.9)

1852935

(9.2)

B

ESTIMATES AT PER CAPITA LEVEL

       

 

 

 

Population (million)

1001

 

1019

(1.8)

 

1037

(1.8)

   

Per capita NNP at factor cost (Rs.)

15562

16487

(5.9)

17736

(7.6)

Note: The figures in parentheses show the percentage change over previous year.

 

STATEMENT 4: Estimates of GDP at factor cost by Economic Activity

(at current prices)

INDUSTRY

1999-2000 2000-01 2001-02

(Quick Est.) (Rev. Est.)

Rs. Crore

Percentage change over previous year

2000-01 2001-02

1.

agriculture, forestry & fishing

460547

471981

517350

2.5

9.6

2.

mining & quarrying

40520

44648

47807

10.2

7.1

3.

manufacturing

266890

299753

313877

12.3

4.7

4.

electricity, gas & water supply

43886

49526

58218

12.9

17.6

5.

construction

105440

116431

125014

10.4

7.4

6.

trade, hotels, transport and communication

365735

399623

437364

9.3

9.4

7.

financing, insurance, real estate & business services

220561

236645

264129

7.3

11.6

8.

community, social & personal services

252059

277236

305050

10.0

10.0

GDP at factor cost

1755638

1895843

2068810

8.0

9.1

STATEMENT 5: Quarterly Estimate of GDP for 2001-02

(at 1993-94 prices)

 

 

industry

GDP AT FACTOR COST (Rs. in crore)

PERCENTAGE CHANGE OVER PREVIOUS YEAR

1999-2000

2000-01

2001-02

2000-01

2001-02

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

1. agriculture, forestry & fishing

69546

49876

94253

76167

70779

51821

93455

73140

71561

55066

100522

78669

1.8

3.9

-0.8

-4.0

1.1

6.3

7.6

7.6

2. mining & quarrying

6271

6352

6809

7476

6572

6582

7099

7544

6554

6627

7318

7807

4.8

3.6

4.3

0.9

-0.3

0.7

3.1

3.5

3. manufacturing

45979

46683

48119

51622

49706

49989

51542

53983

51043

51291

53018

55668

8.1

7.1

7.1

4.6

2.7

2.6

2.9

3.1

4. electricity, gas & water supply

6984

7190

7062

7402

7481

7510

7718

7697

7771

7914

8008

8111

7.1

4.5

9.3

4.0

3.9

5.4

3.8

5.4

5. construction

14084

13833

14634

16264

15837

15216

15681

16067

15814

15622

16372

17273

12.4

10.0

7.2

-1.2

-0.2

2.7

4.4

7.5

6. trade, hotels, transport &

commn.

58789

58444

66757

69515

63535

62142

69970

71169

66425

66032

74587

76324

8.1

6.3

4.8

2.4

4.5

6.3

6.6

7.2

7. financing, ins., real est. & bus.

services

34705

35112

36872

39176

35977

36467

37639

39968

38481

39249

40677

43289

3.7

3.9

2.1

2.0

7.0

7.6

8.1

8.3

8. community, social & personal

services

33331

34811

35643

48738

34405

38227

37442

51562

36652

40284

39763

54439

3.2

9.8

5.0

5.8

6.5

5.4

6.2

5.6

GDP at factor cost

269689

252301

310150

316360

284292

267954

320544

321131

294300

282084

340265

341580

5.4

6.2

3.4

1.5

3.5

5.3

6.2

6.4

 

STATEMENT 6: Quarterly Estimate of GDP for 2001-02

(at current prices)

 

industry

GDP AT FACTOR COST (Rs. in crore)

PERCENTAGE CHANGE OVER PREVIOUS YEAR

1999-2000

2000-01

2001-02

2000-01

2001-02

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

1. agriculture, forestry & fishing

108363

79895

151148

121141

116796

84629

152339

118217

120077

93073

171751

132453

7.8

5.9

0.8

-2.4

2.8

10.0

12.7

12.0

2. mining & quarrying

10088

10213

9605

10614

9869

10731

11574

12474

10889

11062

12507

13349

-2.2

5.1

20.5

17.5

10.3

3.1

8.1

7.0

3. manufacturing

63215

64586

67056

72033

71221

72536

75922

80074

75832

76465

78894

82685

12.7

12.3

13.2

11.2

6.5

5.4

3.9

3.3

4. electricity, gas & water supply

10531

10842

10649

11865

11654

11969

12704

13199

13495

14164

15181

15379

10.7

10.4

19.3

11.2

15.8

18.3

19.5

16.5

5. construction

24802

24648

26461

29529

28674

27851

29535

30371

30191

30042

31620

33161

15.6

13.0

11.6

2.9

5.3

7.9

7.1

9.2

6. trade, hotels, transport &

commn.

83603

84042

97144

100946

93288

92169

106475

107691

102368

102398

115904

116696

11.6

9.7

9.6

6.7

9.7

11.1

8.9

8.4

7. financing, ins., real est. & bus. services

51591

52808

56230

59932

55516

56843

60268

64019

62645

64287

66783

70415

7.6

7.6

7.2

6.8

12.8

13.1

10.8

10.0

8. community, social & personal

services

53927

57189

59586

81356

57922

65035

65009

89271

64375

71878

71452

97345

7.4

13.7

9.1

9.7

11.1

10.5

9.9

9.0

GDP at factor cost

406121

384223

477879

487415

444939

421763

513825

515315

479872

463369

564091

561483

9.6

9.8

7.5

5.7

7.9

9.9

9.8

9.0

Q1: April-June; Q2: July-September; Q3: October-December; Q4: January-March

 

 

 
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