QUARTERLY ESTIMATE
OF GROSS DOMESTIC PRODUCT FOR
THE FIRST QUARTER (APRIL-JUNE) OF 2002-03
The Central Statistical
Organisation (CSO), Ministry of Statistics and Programme Implementation
has released the quarterly estimate of Gross Domestic Product
(GDP), for the first quarter [Apr-Jun (Q1)] of 2002-03, both at
constant (1993-94) and current prices. The details of the estimate
are presented below.
ESTIMATE AT CONSTANT
(1993-94) PRICES
Quarterly GDP
at factor cost at constant (1993-94) prices for Q1 of 2002-03
is estimated at Rs. 3,11,867 crore, as against Rs. 2,94,299 crore
in Q1 of 2001-02, showing a growth rate of 6.0 per cent over the
corresponding quarter of previous year.
The sectors which
registered significant growth in Q1 of 2002-03 over Q1 of 2001-02
are ‘mining and quarrying’ at 5.3 per cent, ‘electricity, gas
& water supply’ at 5.3 per cent, ‘construction’ at 6.3 per
cent, ‘trade, hotels, transport and communication’ at 7.4 per
cent, ‘financing, insurance, real estate and business services’
at 9.7 per cent and ‘community, social and personal services’
at 5.6 per cent. The growth rates in ‘agriculture, forestry &
fishing’, and ‘manufacturing’ sector have been estimated at 4.4
per cent, and 3.8 per cent, respectively.
According to
the information furnished by the Department of Agriculture &
Cooperation (DAC), which has been used in compiling the estimate
of GDP from agriculture in Q1 of 2002-03, the crops rice, wheat,
coarse cereals and pulses during the Rabi season (which ends in
June) of 2001-02 recorded growth rates of 6.2 per cent, 3.9 per
cent, 26.2 per cent, and 36.0 per cent, respectively over the
corresponding season in the previous year. Among the commercial
crops, the production of oilseeds registered a growth rate of
14.3 per cent during the rabi season of 2001-02. The crops cotton,
and sugarcane have recorded growth rates of 21.1 per cent, and
(-) 2.3 per cent respectively in their production during the year
2001-02.
According to
the latest estimates available on the Index of Industrial Production
(IIP), the index of mining, manufacturing and electricity, registered
growth rates of 7.0 per cent, 3.8 per cent and 3.7 per cent, respectively
during Q1 of 2002-03, as compared to the growth rates of (-) 1.5
per cent, 2.6 per cent and 2.2 per cent in these sectors during
Q1 of 2001-02. The key indicators of construction sector, namely,
cement and finished steel registered growth rates of 8.1 per cent
and 6.9 per cent, respectively during Q1 of 2002-03.
Among the services
sectors, the key indicators of railways, namely, the net tonne
kilometers and passenger kilometers have shown growth rates of
8.7 per cent and (-) 0.7 per cent, respectively during Q1 of 2002-03.
The other key indicators, namely, production of commercial vehicles,
cargo handled at major ports, aggregate bank deposits, bank credits
and revenue expenditure of central government, respectively have
shown growth rates of 34.3 per cent, 12.4 per cent, 18.4 per cent,
24.8 per cent and 16.3 per cent, respectively, during Q1 of 2002-03,
over Q1 of 2001-02.
ESTIMATE AT CURRENT
PRICES
GDP at factor
cost at current prices in Q1 of 2002-03, is estimated at Rs. 5,18,605
crore, as against Rs.4, 79,868 crore in Q1, 2001-02, showing a
rise of 8.1 per cent.
The wholesale
price index (WPI), in respect of the groups, food articles, logs
and timber, fish, minerals, manufactured products, electricity
and all commodities, has risen by 2.0 per cent, zero per cent,
6.8 per cent, 0.5 per cent, 1.1 per cent, 8.0 per cent and 1.8
per cent, respectively during Q1 of 2002-03, over Q1 of 2001-02.
The consumer price index for industrial workers (CPI-IW) has shown
a rise of 4.5 per cent during Q1 of 2002-03 over Q1 of 2001-02.
Estimates of
GDP at factor cost and the growth rates, by kind of economic activity
for Q1 of 2002-03 and the corresponding period in 2001-02 at constant
(1993-94) and current prices are given in Statements 1 and 2.
The next release
of quarterly GDP estimate for the quarter July-September, 2002
(Q2 of 2002-03) will be on 31.12.2002.
STATEMENT 1: QUARTERLY
ESTIMATE OF GDP FOR Q1 (APRIL-JUNE) OF 2002-03
(at 1993-94 prices)
|
Industry
|
APRIL-JUNE (Q1)
|
|
(Rs. in crore)
Gross Domestic
Product
for Q1 of
|
Percentage change
Over previous
year Q1
|
|
2000-01
|
2001-02
|
2002-03
|
2001-02
|
2002-03
|
|
1. agriculture, forestry &
fishing
|
70779
|
71561
|
74731
|
1.1
|
4.4
|
|
2. mining & quarrying
|
6571
|
6554
|
6900
|
-0.3
|
5.3
|
|
3. manufacturing
|
49706
|
51042
|
52961
|
2.7
|
3.8
|
|
4. electricity, gas & water
supply
|
7481
|
7771
|
8182
|
3.9
|
5.3
|
|
5. construction
|
15837
|
15813
|
16814
|
-0.2
|
6.3
|
|
6. trade, hotels, transport
& communication
|
63535
|
66425
|
71368
|
4.5
|
7.4
|
|
7. financing, ins., real est.
& bus. services
|
35977
|
38480
|
42211
|
7.0
|
9.7
|
|
8. community, social &
personal services
|
34405
|
36652
|
38700
|
6.5
|
5.6
|
|
GDP at factor cost
|
284292
|
294299
|
311867
|
3.5
|
6.0
|
STATEMENT 2: QUARTERLY
ESTIMATE OF GDP FOR Q1 (APRIL-JUNE) OF 2002-03
(at current prices)
|
Industry
|
APRIL-JUNE (Q1)
|
|
(Rs. in crore)
Gross Domestic
Product
for Q1 of
|
Percentage change
Over previous
year Q1
|
|
2000-01
|
2001-02
|
2002-03
|
2001-02
|
2002-03
|
|
1. agriculture, forestry &
fishing
|
116796
|
120075
|
128144
|
2.8
|
6.7
|
|
2. mining & quarrying
|
9869
|
10889
|
11524
|
10.3
|
5.8
|
|
3. manufacturing
|
71221
|
75831
|
79570
|
6.5
|
4.9
|
|
4. electricity, gas & water
supply
|
11654
|
13495
|
15346
|
15.8
|
13.7
|
|
5. construction
|
28674
|
30190
|
32687
|
5.3
|
8.3
|
|
6. trade, hotels, transport
& communication
|
93288
|
102367
|
111499
|
9.7
|
8.9
|
|
7. financing, ins., real est.
& bus. services
|
55516
|
62643
|
69888
|
12.8
|
11.6
|
|
8. community, social &
personal services
|
57922
|
64376
|
69947
|
11.1
|
8.7
|
|
GDP at factor cost
|
444939
|
479868
|
518605
|
7.9
|
8.1
|
