Advance Estimates Of Indian National Income, 2005-06
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Advance Estimates Of National Income, 2005-06[br]
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The Central Statistical Organisation (CSO), Ministry of Statistics and Programme Implementation was released here today the advanceestimates of national income at constant (1999-2000) and current prices, for the financial year 2005-06.
Advance Estimates Of National Income, 2005-06[br]
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The Central Statistical Organisation (CSO), Ministry of Statistics and Programme Implementation was released here today the advanceestimates of national income at constant (1999-2000) and current prices, for the financial year 2005-06.
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These advance estimates are based on anticipated level of agricultural and industrial production, analysis of budget estimates of government expenditure and performance of key sectors like, railways, transport other than railways, communication, banking and insurance, available so far. The advanceestimates at current prices are derived by estimating the implicit price deflators (IPDs) at sectoral level from the relevant price indices. The salient features of theseestimates are detailed below:
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Gross Domestic Product (GDP) at factor cost at constant (1999-2000) prices in the year 2005-06 is likely to attain a level of Rs. 25,86,587 crore, as against the Quick Estimates of GDP for the year 2004-05 of Rs. 23,93,671 crore, released on 31st January 2006. The growth in GDP during 2005-06 is estimated at 8.1 per cent as compared to the growth rate of 7.5 per cent during 2004-05.
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The growth rate of 8.1 per cent in GDP during 2005-06 has mainly been due to the growth rates of over 5 per cent in the sectors of ‘manufacturing’, ‘electricity, gas and water supply’, ‘construction’, ‘trade, hotels, transport and communication’, ‘financing, insurance, real estate and business services’, and ‘community, social and personal services’.
Agriculture[br]
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The ‘agriculture, forestry and fishing’ sector is likely to show a growth rate of 2.3 per cent in its GDP during 2005-06, as against the previous year’s growth rate of 0.7 per cent. Industry
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According to the latest estimates available on the Index of Industrial Production (IIP), the index of mining, manufacturing and electricity registered growth rates of 0.6 per cent, 9.4 per cent and 4.9 per cent, respectively during April-November, 2005-06, as compared to the growth rates of 5.1 per cent, 9.1 per cent and 6.6 per cent in these sectors during April-November, 2004-05. The construction sector is expected to show a growth rate of 12.1 per cent during 2005-06, mainly on account of growth in production of 10.9 per cent in cement and 7.1 per cent in steel during April-December 2005-06, as againstthe growth rates of 6.9 per cent and 7.5 per cent, respectively during April-December, 2004-05.
Services
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The estimated growth in GDP for the trade, hotels, transport and communication sectors during 2005-06 is placed at 11.1 per cent, mainly on account of a growth of 7.5 per cent in the gross trading index, 5.3 per cent in net tonne kilometres of Railways and 10.8 per cent in passenger kilometres of Railways, 10.9 per cent in cargo handled at major ports, 9.6 per cent in the production of commercial vehicles, and 35.2 per cent in stock of telephone connections, during April-November, 2005-06. The sector, ‘financing, insurance, real estate andbusiness services ‘, is expected to show a growth rate of 9.5 per cent during 2005-06, on account of 18.9 per cent growth in aggregate deposits and 29.7 per cent growth in bank credit during November 2004 to November 2005.The growth rate of ‘community, social and personal services’ during 2005-06 is estimated to be 7.9 per cent.
National Income
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The net national product (NNP) at factor cost, also known as national income, at 1999-2000 prices is likely to be Rs. 23,04,043 crore during 2005-06, as against the previous year’s Quick Estimate of Rs. 21,41,776 crore. In terms ofgrowth rates, the national income is expected to rise by 7.6 per cent during 2005-06 in comparison to the growth rate of 7.8 per cent in 2004-05.
Per Capita Income
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The per capita income in real terms (at 1999-2000 prices) during 2005-06 is likely to attain a level of Rs. 20,813 as compared to the Quick Estimate forthe year 2004-05 of Rs. 19,649. The growth rate in per capita income is estimated at 5.9 per cent during 2005-06, as against the previous year’s estimate of 6.1 per cent.
Estimates at Current Prices
Gross Domestic Product -
GDP at factor cost at current prices in the year 2005-06 is likely to attain a level of Rs. 32,00,611 crore, showing a growth rate of 12.5 per cent over the Quick Estimates of GDP for the year 2004-05 of Rs. 28,43,897 crore.
National Income
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The NNP at factor cost at current prices is anticipated to be Rs.28, 54,683 crore during 2005-06, as compared to Rs. 25,31,223 crore during 2004-05, showing a rise of 12.8 per cent.
Per Capita Income
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The per capita income at current prices during 2005-06 is estimated to be Rs. 25,788 as compared to Rs. 23,222 during 2004-05, showing a rise of 11.0 per cent.
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Estimates of gross/net national product, gross/net domestic product and per capita income along with GDP at factor cost by kind of economic activity for the years 2004-05 and 2005-06 at constant (1999-2000) and current prices are given in Statements 1 to 4.
STATEMENT 1: Advance Estimates of National Income for the year 2005-06
(At 1999-2000 prices)
Note: The figures in parenthesis show the percentage change over previous year
STATEMENT 2: Advance Estimates of GDP at Factor Cost by Economic Activity
(At 1999-2000 prices) Rs. Crore
STATEMENT 3: Advance Estimates of National Income for the year 2005-06
(At current prices)
Note: The figures in parenthesis show the percentage change over previous year
STATEMENT 4: Advance Estimates of GDP at Factor Cost by Economic Activity
(At current prices) Rs. Crore
