Ministry of Statistics and Programme Implementation
- Revised Estimates of Annual National Income, 2010-11 and
- Quarterly Estimates of Gross Domestic Product, 2010-11
1. The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the revised estimates of national income for the financial year 2010-11 and the quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2010-11, both at constant (2004-05) and current prices.
2. The CSO has also released the corresponding annual and quarterly estimates of Expenditure components of the GDP in current and constant (2004-05) prices, namely the private final consumption expenditure, government final consumption expenditure, gross fixed capital formation, change in stocks, valuables, and net exports. I REVISED ANNUAL ESTIMATES OF NATIONAL INCOME, 2010-11
3. The advance estimates of national income for the year 2010-11 were released on 7th February, 2011. 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.
4. The salient features of these estimates are detailed below:
(a) Estimates at constant (2004-05) prices Gross Domestic Product :
5. GDP at factor cost at constant (2004-05) prices in the year 2010-11 is now estimated at Rs. 48,77,842 crore (as against Rs. 48,79,232 crore estimated earlier on 7th February, 2011), showing a growth rate of 8.5 per cent (as against 8.6 per cent in the Advance Estimates) over the Quick Estimates of GDP for the year 2009-10 of Rs. 44, 93,743 crore, released on 31th January 2011. The downward revision in the GDP growth rate is mainly on account of lower performance in 'mining and quarrying', 'manufacturing' and 'trade, hotels, transport, and communication' and 'financing, insurance, real estate & business services' than anticipated.
6. In the agriculture sector, the third advance estimates of crop production released by the Ministry of Agriculture showed an upward revision as compared to their second advance estimates in the production of wheat (84.27 million Tonnes from 81.47 million Tonnes), pulses (17.29 million Tonnes from 16.51 million Tonnes), oilseeds (302.51 lakh Tonnes from 278.48 lakh Tonnes) and sugarcane (340.54 million Tonnes from 336.70 million Tonnes) during 2010- 11. Due to this upward revision in the production, 'agriculture, forestry and fishing' sector in 2010-11 has shown a growth rate of 6.6 per cent, as against the growth rate of 5.4 per cent in the Advance estimates.
7. In the case of 'mining and quarrying', the Index of Industrial Production of Mining (IIP-Mining) registered a growth rate of 5.9 per cent during 2010-11, as against the growth rate of 8.0 per cent during April-November, 2010, which was used in the Advance Estimates. Due to this decrease in the IIP-Mining, the growth rate in GDP is now estimated at 5.8 per cent, as against the advance estimate growth rate of 6.2 per cent.
8. Similarly, the IIP of manufacturing registered a growth rate of 8.1 per cent during 2010- 11, as against the growth rate of 10 per cent during April-November, 2010. Due to this decrease in the IIP, the growth rate in GDP of 'manufacturing' sector is now estimated at 8.3 per cent, as against the Advance estimate growth rate of 8.8 per cent.
9. The sector 'community, social and personal services' has shown a rise in growth rate to 7.0 per cent in the revised estimates, as against the growth rate of 5.7 per cent in the advance estimates, mainly due to rise in total expenditure of Central Government than anticipated (during April-December, 2010, the total expenditure of Central Government showed an increase of 11.2 per cent over the corresponding period of previous year which was extrapolated in the advance estimates, whereas the RE, 2010-11 showed a rise of 19.4 per cent during 2010-11).
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