The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the second quarter (July-September) Q2 of 2015-16, both at constant (2011-12) and current prices, along with the corresponding quarterly estimates of expenditure components of the GDP.
GDP at constant (2011-12) prices in Q2 of 2015-16 is estimated at Rs27.57 lakh crore, as against Rs25.66 lakh crore in Q2 of 2014-15, showing a growth rate of 7.4 percent. Quarterly GVA (Gross value added) at Basic Price at constant (2011-12) prices for Q2 of 2015-16 is estimated at Rs25.80 lakh crore, as against Rs24.02 lakh crore in Q2 of 2014-15, showing a growth rate of 7.4 per cent over the corresponding quarter of previous year.
The economic activities which registered growth of over 7.0 percent in Q2 of 2015-16 over Q2 of 2014-15 are ‘trade, hotels and transport & communication and services related to broadcasting', 'financial, insurance, real estate and professional services' and ‘manufacturing'.
The growth in the ‘agriculture, forestry and fishing', ‘mining and quarrying', ‘electricity, gas, water supply & other utility services, ‘construction' and 'public administration, defence and other services' is estimated to be 2.2 per cent, 3.2 percent, 6.7 per cent, 2.6 per cent and 4.7 per cent, respectively, during this period.
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