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Tuesday, August 31, 2010

First quarter GDP at 8.8%

Low base boost growth rate 

First quarter GDP growth rate for a year 2010-11 has come at 8.8% compared with 8.6% last quarter. The numbers are higher then 6% in the first quarter 2009-10.

The lower base year has played vital role in 8.8% growth for the first quarter GDP growth.
Agriculture sector has recorded a growth of 2.8% compared to 0.7% (QoQ), manufacturing grew by 12.4% compared to 16.3% (QoQ) while mining sector growth was at 8.9% versus 14% (QoQ) and construction sector growth was at 7.5% compared to 8.7% (QoQ).

Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs. 9, 96,630 crore in Q1 of 2010-11 as against Rs. 7,88,013 crore in Q1 of 2009-10. At constant (2004-05) prices, the PFCE is estimated at Rs. 6, 61,123 crore in Q1 of 2010-11 as against Rs. 6, 58,856 crore in Q1 of 2009-10. In terms of GDP at market prices, the rates of PFCE at current and constant (2004-05) prices during Q1 of 2010-11 are estimated at 58.2 % and 58.0 %, respectively, as against the corresponding rates of 57.4 % and 59.9 %, respectively in Q1 of 2009-10.

Government Final Consumption Expenditure (GFCE) at current prices is estimated at Rs. 1, 95,316 crore in Q1 of 2010-11 as against Rs. 1, 58,390 crore in Q1 of 2009-10. At constant (2004-05) prices, the GFCE is estimated at Rs. 1, 25,425 crore in Q1 of 2010-11 as against Rs. 1, 26,171 crore in Q1 of 2009-10. In terms of GDP at market prices, the rates of GFCE at current and constant (2004-05) prices during Q1 of 2010-11 are estimated at 11.4 % and 11.0 %, respectively, as against the corresponding rates of 11.5 % in both the cases in Q1 of 2009-10. 

Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs. 5, 09,729 crore in Q1 of 2010-11 as against Rs. 4, 29,232 crore in Q1 of 2009-10. At constant (2004-05) prices, the GFCF is estimated at Rs. 3, 55,452 crore in Q1 of 2010-11 as against Rs. 3, 42,912 crore in Q1 of 2009-10. In terms of GDP at market prices, the rates of GFCF at current and constant (2004-05) prices during Q1 of 2010-11 are estimated at 29.8 % and 31.2 %, respectively, as against the corresponding rates of 31.3 % and 31.2 %, respectively in Q1 of 2009-10.
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