GDP growth recovers to 6.3% in July-September 2017 quarter

GDP growth stands at 6% in April-September 2017

India's gross domestic product (GDP) growth recovered to 6.3% in quarter ended September 2017 from low of 5.7% recorded in the previous quarter ended June 2017. Quarterly GVA at basic price at constant (2011-12) prices improved 6.1% in Q2 of 2017-18, showing improvement in growth from 5.6% in Q1 of 2017-18.

The GDP growth stood at 6% in April-September 2017, compared with 7.7% recorded in the corresponding period last year.

The economic activities which registered growth of over 6.0% in Q2 of 2017-18 over Q2 of 2016-17 are 'manufacturing', 'electricity, gas, water supply & other utility services' and 'trade, hotels, transport & communication and services related to broadcasting'.

 

The growth in the 'agriculture, forestry and fishing', 'mining and quarrying', 'construction' 'financial, insurance, real estate and professional services' and 'Public administration, defence & other services' is estimated to be 1.7%, 5.5%, 2.6%, 5.7% and 6.0% respectively, in Q2 of 2017-18.

GDP at current prices grew 9.4%, while GVA at basic price at current prices moved up 8.6% in Q2 of 2017-18.

Private Final Consumption Expenditure (PFCE), in terms of GDP, at current and constant (2011-2012) prices are estimated at 57.3% and 53.9%, respectively during Q2 of 2017-18, as against the corresponding rates of 57.3% and 53.8%, respectively in Q2 of 2016-17. Growth rates of PFCE at current and constant prices are estimated at 9.4% and 6.5% during Q2 of 2017-18 as compared to 11.9% and 7.9% respectively during Q2 of 2016-17.

Government Final Consumption Expenditure (GFCE) in terms of GDP, at current and constant (2011-2012) prices are estimated at 13.5% and 12.5%, respectively during Q2 of 2017-18, as against the corresponding rate of 13.8% and 12.8% each in Q2 of 2016-17. Growth rates of GFCE at current and constant prices are estimated at 7.1% and 4.1% respectively during Q2 of 2017-18 as compared to 21.2% and 16.5% respectively during Q2 of 2016-17.

Gross Fixed Capital Formation (GFCF) in terms of GDP, at current and constant (2011-2012) prices are estimated at 26.4% and 28.9%, respectively during Q2 of 2017-18, as against the corresponding rates of 27.1% and 29.4% respectively in Q2 of 2016-17. Growth rates of GFCF at current and constant prices are estimated at 6.3% and 4.7% during Q2 of 2017-18 as compared to 2.9% and 3.0% during Q2 of 2016-17.

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