Scribd Logo
Upload

Welcome to Scribd!

  • 1K views

    Q2 2022-23 GDP Estimates

    Uploaded by

    Republic World
    - This press release from the National Statistical Office presents estimates of India's Gross Domestic Product for the second quarter of 2022-23 (July-September). - Real GDP grew 6.3% compared to the same quarter last year, slower than the 8.4% growth in the previous year. Nominal GDP grew 16.2% compared to 19% last year. - For the first half of 2022-23, real GDP grew 9.7% compared to 13.7% the previous year. Nominal GDP grew 21.2% compared to 25% last year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Q2 2022-23 GDP Estimates

    Uploaded by

    Republic World
    1K views8 pages
    - This press release from the National Statistical Office presents estimates of India's Gross Domestic Product for the second quarter of 2022-23 (July-September). - Real GDP grew 6.3% compared to the same quarter last year, slower than the 8.4% growth in the previous year. Nominal GDP grew 16.2% compared to 19% last year. - For the first half of 2022-23, real GDP grew 9.7% compared to 13.7% the previous year. Nominal GDP grew 21.2% compared to 25% last year.

    Original Description:

    Q2 2022-23 GDP Estimates

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    - This press release from the National Statistical Office presents estimates of India's Gross Domestic Product for the second quarter of 2022-23 (July-September). - Real GDP grew 6.3% compared to the same quarter last year, slower than the 8.4% growth in the previous year. Nominal GDP grew 16.2% compared to 19% last year. - For the first half of 2022-23, real GDP grew 9.7% compared to 13.7% the previous year. Nominal GDP grew 21.2% compared to 25% last year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views8 pages

    Q2 2022-23 GDP Estimates

    Uploaded by

    Republic World
    - This press release from the National Statistical Office presents estimates of India's Gross Domestic Product for the second quarter of 2022-23 (July-September). - Real GDP grew 6.3% compared to the same quarter last year, slower than the 8.4% growth in the previous year. Nominal GDP grew 16.2% compared to 19% last year. - For the first half of 2022-23, real GDP grew 9.7% compared to 13.7% the previous year. Nominal GDP grew 21.2% compared to 25% last year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 8

    This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e.

    30th November 2022.

    PRESS NOTE
    ON

    ESTIMATES OF GROSS DOMESTIC


    PRODUCT FOR THE SECOND QUARTER
    (July-September)
    2022-23

    NATIONAL STATISTICAL OFFICE


    MINISTRY OF STATISTICS & PROGRAMME
    IMPLEMENTATION
    GOVERNMENT OF INDIA

    9001: 2015
    National
    Accounts IS/ ISO CERTIFIED
    Division
    This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 30th November 2022.
    1

    GOVERNMENT OF INDIA
    MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION

    Dated 9 Agrahayana, 1944 Saka


    30th November, 2022
    PRESS NOTE

    ESTIMATES OF GROSS DOMESTIC PRODUCT FOR THE SECOND QUARTER


    (JULY-SEPTEMBER) OF 2022-23

    The National Statistical Office (NSO), Ministry of Statistics and Programme


    Implementation is releasing in this Press Note the estimates of Gross Domestic Product
    (GDP) for the second quarter (July-September) of 2022-23 (Q2 2022-23), both at Constant
    (2011-12) and Current Prices.

    2. Quarterly and Half-yearly estimates of Gross Value Added (GVA) at Basic Prices by
    kind of economic activity and Expenditure Components of GDP at Constant (2011-12) and
    Current Prices for years 2020-21, 2021-22 and 2022-23 are given in Statements 1 to 8.

    3. Real GDP or GDP at Constant (2011-12) Prices in Q2 2022-23 is estimated at


    ₹38.17 lakh crore, as against ₹35.89 lakh crore in Q2 2021-22, showing a growth of 6.3
    percent as compared to 8.4 percent in Q2 2021-22.

    4. Nominal GDP or GDP at Current Prices in Q2 2022-23 is estimated at ₹65.31 lakh


    crore, as against ₹56.20 lakh crore in Q2 2021-22, showing a growth of 16.2 percent as
    compared to 19.0 percent in Q2 2021-22.

    5. GDP at Constant (2011-12) Prices in April-September 2022-23 (H1 2022-23) is


    estimated at ₹75.02 lakh crore as against ₹68.36 lakh crores during the corresponding period
    of previous year, showing a growth of 9.7 percent in H1 2022-23 as against 13.7 percent
    during the same period last year. GDP at Current Prices in H1 2022-23 is estimated at
    ₹130.26 lakh crore as against ₹107.47 lakh crores during the corresponding period of
    previous year, showing a growth of 21.2 percent in H1 2022-23 as against 25.0 percent
    during the same period last year.

    6. The Quarterly Estimates of National Accounts are indicator based and data sourced
    from various Ministries/ Departments/ Private Agencies serve as valuable inputs in the
    compilation of these estimates. The sector-wise estimates have been compiled using
    indicators like (i) Index of Industrial Production (IIP), (ii) financial performance of listed
    companies in the Private Corporate Sector based on available quarterly financial results for
    these companies, (iii) First Advance Estimates of Crop Production for 2022-23, (iv)
    Production estimates of Major Livestock Products for summer season for 2022-23, (v) Fish
    Production, (vi) Production/ Consumption of Cement and Steel, (vii) Net Tonne Kilometres

    National 9001: 2015


    Accounts IS/ ISO CERTIFIED
    Division
    This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 30th November 2022.
    2

    and Passenger Kilometres for Railways, (viii) Passenger and Cargo traffic handled by Civil
    Aviation, (ix) Cargo traffic handled at Major Sea Ports, (x) Sales of Commercial Vehicles,
    (xi) Bank Deposits & Credits, (xii) Accounts of Central & State Governments, etc.,
    available for Q2 2022-23. Percentage changes in the main indicators used in the estimation
    are given in the Annexure.

    7. Improved data coverage and revision in input data made by source agencies would
    have a bearing on subsequent revisions of these estimates. Estimates are, therefore, likely to
    undergo revisions for the aforesaid causes in due course, as per the release calendar. Users
    should take these into consideration while interpreting the figures.

    8. The next release of quarterly GDP estimates for the quarter October-December, 2022
    (Q3 2022-23) will be on 28.02.2023.

    ******

    National 9001: 2015


    Accounts IS/ ISO CERTIFIED
    Division
    This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 30th November 2022.
    3

    Statement 1: Quarterly Estimates of GVA at Basic Prices for Q2 (July-September) 2022-23 (at 2011-12 Prices)

    (₹ Crore)
    GVA at Basic Price
    Percentage Change Over Previous
    Industry 2020-21 2021-22 2022-23 Year
    2021-22 2022-23
    Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2
    1. Agriculture, Forestry & Fishing 462,006 393,424 472,258 405,870 493,325 424,386 2.2 3.2 4.5 4.6
    2. Mining & Quarrying 68,000 59,916 80,243 68,626 85,423 66,696 18.0 14.5 6.5 -2.8
    3. Manufacturing 387,448 591,929 577,249 624,891 605,104 598,011 49.0 5.6 4.8 -4.3
    4. Electricity, Gas, Water Supply & Other
    67,901 74,997 77,297 81,385 88,640 85,971 13.8 8.5 14.7 5.6
    Utility Services
    5. Construction 131,437 224,897 225,166 243,071 262,918 259,098 71.3 8.1 16.8 6.6
    6. Trade, Hotels, Transport,
    Communication & Services related to 331,582 516,278 445,454 565,940 559,723 649,354 34.3 9.6 25.7 14.7
    Broadcasting
    7. Financial, Real Estate & Professional
    787,925 812,108 805,847 861,973 880,313 924,137 2.3 6.1 9.2 7.2
    Services
    8. Public Administration, Defence & Other
    347,501 391,371 369,150 467,491 466,380 497,946 6.2 19.4 26.3 6.5
    Services*
    GVA at Basic Prices 2,583,801 3,064,920 3,052,664 3,319,248 3,441,826 3,505,599 18.1 8.3 12.7 5.6
    * Public Administration, Defence & Other Services category includes the Other Services sector i.e. Education, Health, Recreation, and other personal services

    Statement 2: Quarterly Estimates of Expenditure Components of GDP for Q2 (July-September) 2022-23 (at 2011-12 Prices)

    (₹ Crore)
    Expenditure Components of GDP
    Share in GDP (%)
    Expenditure Components 2020-21 2021-22 2022-23
    2021-22 2022-23
    Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2
    1. Private Final Consumption Expenditure
    1,532,170 1,839,177 1,753,400 2,031,624 2,207,981 2,229,572 54.0 56.6 59.9 58.4
    (PFCE)
    2. Government Final Consumption
    429,241 322,530 408,789 351,138 414,210 335,844 12.6 9.8 11.2 8.8
    Expenditure (GFCE)
    3. Gross Fixed Capital Formation (GFCF) 654,479 1,044,735 1,063,543 1,197,408 1,277,806 1,321,667 32.8 33.4 34.7 34.6
    4. Change in Stocks (CIS) -1,995 -3,048 43,907 47,531 36,262 38,305 1.4 1.3 1.0 1.0
    5. Valuables 3,790 52,356 23,329 142,228 34,839 108,764 0.7 4.0 0.9 2.8
    6. Exports 523,643 659,753 737,146 795,994 845,323 887,678 22.7 22.2 22.9 23.3
    7. Imports 517,454 688,186 833,455 970,006 1,143,736 1,216,365 25.7 27.0 31.0 31.9
    8. Discrepancies 79,724 83,612 49,775 -6,738 12,439 111,114 1.5 -0.2 0.3 2.9
    GDP 2,703,598 3,310,930 3,246,434 3,589,178 3,685,125 3,816,578 100.0 100.0 100.0 100.0
    GDP (Percentage change over
    20.1 8.4 13.5 6.3
    previous year)

    National 9001: 2015


    Accounts IS/ ISO CERTIFIED
    Division
    This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 30th November 2022.
    4

    Statement 3: Quarterly Estimates of GVA at Basic Prices for Q2 (July-September) 2022-23 (at Current Prices)

    (₹ Crore)
    GVA at Basic Price
    Percentage Change Over Previous
    Industry 2020-21 2021-22 2022-23 Year
    2021-22 2022-23
    Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2
    1. Agriculture, Forestry & Fishing 782,413 695,180 847,042 743,043 994,818 854,573 8.3 6.9 17.4 15.0
    2. Mining & Quarrying 65,418 64,525 109,285 100,277 174,255 135,283 67.1 55.4 59.5 34.9
    3. Manufacturing 453,728 698,446 749,346 824,612 866,134 846,975 65.2 18.1 15.6 2.7
    4. Electricity, Gas, Water Supply & Other
    115,605 123,752 128,982 138,572 174,750 187,781 11.6 12.0 35.5 35.5
    Utility Services
    5. Construction 170,899 293,690 345,254 380,176 458,046 437,814 102.0 29.4 32.7 15.2
    6. Trade, Hotels, Transport,
    Communication & Services related to 425,389 676,119 625,258 812,124 909,298 1,043,373 47.0 20.1 45.4 28.5
    Broadcasting
    7. Financial, Real Estate & Professional
    1,038,123 1,089,446 1,145,774 1,243,936 1,383,178 1,450,808 10.4 14.2 20.7 16.6
    Services
    8. Public Administration, Defence & Other
    605,213 637,464 672,314 800,618 890,176 903,282 11.1 25.6 32.4 12.8
    Services*
    GVA at Basic Prices 3,656,789 4,278,622 4,623,254 5,043,357 5,850,655 5,859,890 26.4 17.9 26.5 16.2
    * Public Administration, Defence & Other Services category includes the Other Services sector i.e. Education, Health, Recreation, and other personal services

    Statement 4: Quarterly Estimates of Expenditure Components of GDP for Q2 (July-September) 2022-23 (at Current Prices)

    (₹ Crore)
    Expenditure Components of GDP
    Share in GDP (%)
    Expenditure Components 2020-21 2021-22 2022-23
    2021-22 2022-23
    Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2
    1. Private Final Consumption Expenditure
    2,295,743 2,825,021 2,846,871 3,345,447 3,971,441 4,022,030 55.5 59.5 61.1 61.6
    (PFCE)
    2. Government Final Consumption
    648,496 500,590 660,772 580,557 731,661 601,369 12.9 10.3 11.3 9.2
    Expenditure (GFCE)
    3. Gross Fixed Capital Formation (GFCF) 800,027 1,290,480 1,443,837 1,650,441 1,896,948 1,932,300 28.2 29.4 29.2 29.6
    4. Change in Stocks (CIS) -1,970 -3,033 49,431 54,396 48,392 50,178 1.0 1.0 0.7 0.8
    5. Valuables 4,459 69,016 31,869 190,817 49,797 156,853 0.6 3.4 0.8 2.4
    6. Exports 748,963 928,387 1,128,349 1,225,739 1,463,323 1,516,106 22.0 21.8 22.5 23.2
    7. Imports 671,810 877,558 1,158,549 1,358,479 1,807,101 1,901,174 22.6 24.2 27.8 29.1
    8. Discrepancies 49,535 -11,084 124,210 -68,753 140,274 153,723 2.4 -1.2 2.2 2.4
    GDP 3,873,443 4,721,819 5,126,789 5,620,166 6,494,736 6,531,385 100.0 100.0 100.0 100.0
    GDP (Percentage change over
    32.4 19.0 26.7 16.2
    previous year)

    National 9001: 2015


    Accounts IS/ ISO CERTIFIED
    Division
    This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 30th November 2022.
    5

    Statement 5: Estimates of GVA at Basic Prices for H1 (April-September) 2022-23 (at 2011-12 Prices)

    (₹ Crore)
    GVA at Basic Price
    H1 Percentage Change
    Industry
    Over Previous Year
    2020-21 2021-22 2022-23
    2021-22 2022-23
    1. Agriculture, Forestry & Fishing 855,430 878,128 917,711 2.7 4.5
    2. Mining & Quarrying 127,916 148,869 152,119 16.4 2.2
    3. Manufacturing 979,377 1,202,140 1,203,116 22.7 0.1
    4. Electricity, Gas, Water Supply & Other
    142,898 158,682 174,610 11.0 10.0
    Utility Services
    5. Construction 356,334 468,237 522,016 31.4 11.5
    6. Trade, Hotels, Transport, Communication
    847,861 1,011,395 1,209,076 19.3 19.5
    & Services related to Broadcasting
    7. Financial, Real Estate & Professional
    1,600,032 1,667,820 1,804,451 4.2 8.2
    Services
    8. Public Administration, Defence & Other
    738,873 836,641 964,325 13.2 15.3
    Services*
    GVA at Basic Prices 5,648,721 6,371,912 6,947,425 12.8 9.0
    * Public Administration, Defence & Other Services category includes the Other Services sector i.e. Education,
    Health, Recreation, and other personal services

    Statement 6: Estimates of Expenditure Components of GDP at Basic Prices in H1 (April-September)


    2022-23 (at 2011-12 Prices)
    (₹ Crore)
    Expenditure Components of GDP
    H1
    Expenditure Components Share in GDP (%))

    2020-21 2021-22 2022-23


    2021-22 2022-23
    1. Private Final Consumption Expenditure
    3,371,347 3,785,023 4,437,553 55.4 59.2
    (PFCE)
    2. Government Final Consumption
    751,771 759,927 750,054 11.1 10.0
    Expenditure (GFCE)
    3. Gross Fixed Capital Formation (GFCF) 1,699,215 2,260,951 2,599,473 33.1 34.7
    4. Change in Stocks (CIS) -5,042 91,438 74,567 1.3 1.0
    5. Valuables 56,146 165,557 143,603 2.4 1.9
    6. Exports 1,183,396 1,533,140 1,733,001 22.4 23.1
    7. Imports 1,205,640 1,803,461 2,360,101 26.4 31.5
    8. Discrepancies 163,336 43,037 123,553 0.6 1.6
    GDP 6,014,528 6,835,612 7,501,703 100.0 100.0
    GDP (Percentage change over previous
    13.7 9.7
    year)

    National 9001: 2015


    Accounts IS/ ISO CERTIFIED
    Division
    This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 30th November 2022.
    6

    Statement 7: Estimates of GVA at Basic Prices for H1 (April-September) 2022-23 (at Current Prices)

    (₹ Crore)
    GVA at Basic Price
    H1 Percentage Change
    Industry
    Over Previous Year
    2020-21 2021-22 2022-23
    2021-22 2022-23
    1. Agriculture, Forestry & Fishing 1,477,592 1,590,085 1,849,390 7.6 16.3
    2. Mining & Quarrying 129,943 209,562 309,538 61.3 47.7
    3. Manufacturing 1,152,175 1,573,958 1,713,109 36.6 8.8
    4. Electricity, Gas, Water Supply & Other
    239,358 267,554 362,532 11.8 35.5
    Utility Services
    5. Construction 464,589 725,430 895,860 56.1 23.5
    6. Trade, Hotels, Transport, Communication
    1,101,508 1,437,382 1,952,671 30.5 35.8
    & Services related to Broadcasting
    7. Financial, Real Estate & Professional
    2,127,569 2,389,710 2,833,986 12.3 18.6
    Services
    8. Public Administration, Defence & Other
    1,242,677 1,472,931 1,793,458 18.5 21.8
    Services*
    GVA at Basic Prices 7,935,411 9,666,611 11,710,545 21.8 21.1
    * Public Administration, Defence & Other Services category includes the Other Services sector i.e. Education,
    Health, Recreation, and other personal services

    Statement 8: Estimates of Expenditure Components of GDP at Basic Prices in H1 (April-September)


    2022-23 (at Current Prices)
    (₹ Crore)
    Expenditure Components of GDP
    H1
    Expenditure Components Share in GDP (%)

    2020-21 2021-22 2022-23


    2021-22 2022-23
    1. Private Final Consumption Expenditure
    5,120,763 6,192,318 7,993,471 57.6 61.4
    (PFCE)
    2. Government Final Consumption
    1,149,086 1,241,329 1,333,030 11.6 10.2
    Expenditure (GFCE)
    3. Gross Fixed Capital Formation (GFCF) 2,090,507 3,094,278 3,829,249 28.8 29.4
    4. Change in Stocks (CIS) -5,003 103,827 98,569 1.0 0.8
    5. Valuables 73,476 222,686 206,650 2.1 1.6
    6. Exports 1,677,350 2,354,089 2,979,430 21.9 22.9
    7. Imports 1,549,368 2,517,028 3,708,275 23.4 28.5
    8. Discrepancies 38,451 55,457 293,998 0.5 2.3
    GDP 8,595,262 10,746,955 13,026,122 100.0 100.0
    GDP (Percentage change over previous
    25.0 21.2
    year)

    National 9001: 2015


    Accounts IS/ ISO CERTIFIED
    Division
    This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 30th November 2022.
    7

    Annexure
    Percentage Change in Main Indicators
    Q2 Q2
    S. No. Indicators
    2021-22 2022-23

    1 Production of Rice 4.9 -20.7


    2 Production of Coal 15.6 10.3
    3 Production of Crude Oil -2.4 -3.2
    4 Production of Cement 22.5 4.6
    5 Consumption of Steel 1.7 11.3
    6 Total Telephone Subscribers 1.8 -1.4
    7 Sales of Commercial Vehicles 24.5 39.4
    8 Purchase of Private Vehicles -9.9 16.9
    9 Cargo Handled at Major Sea Ports 5.8 12.8
    10 Cargo Handled at Airports 24.8 -3.8
    11 Passengers Handled at Airports 108.7 82.9
    12 Railways
    (i) Net Tonne Kilometers 16.6 14.5
    (ii) Passenger Kilometers 406.6 58.4
    13 Aggregate Bank Deposits 9.4 12.5
    14 Aggregate Bank Credits 6.7 20.2
    Revenue Expenditure less Interest
    15 16.8 -13.2
    Payment and Subsidies (Centre)
    16 Export of Goods & Services 32.0 23.7
    17 Import of Goods & Services 54.8 39.9
    18 CPI General Index 5.1 7.0
    19 IIP
    (i) Mining 17.1 -1.0
    (ii) Manufacturing 8.6 1.4
    (iii) Electricity 9.3 4.9
    (iv) Metallic Minerals 33.1 -12.3
    20 WPI
    (i) Food Articles -1.1 11.5
    (ii) Minerals 16.2 4.7
    (iii) Manufactured Products 11.5 7.4
    (iv) All Commodities 11.7 12.4

    National 9001: 2015


    Accounts IS/ ISO CERTIFIED
    Division

    You might also like