State of the Indian Economy

  • The estimates at disaggregated level indicate that agriculture and allied sectors— including crops, livestock, forestry and logging, and fishing—picked up growth in 2013-14.
  • The manufacturing sector registered a growth of 6.2% and 5.3% respectively in 2012-13 and 2013-14.
  • At the disaggregated level of the new series, the growth in manufacturing sector was chiefly on account of robust growth in textiles, apparels, and leather products, averaging 17.7% during 2012-13 and 2013-14, and the machinery and equipment sector averaging 9.3%.
  • The services sector triggered the growth momentum in 2013-14. Services like trade and repair services, rail transport, communication and broadcasting services and miscellaneous services achieved double-digits/close to double-digits growth during the year. However, sectors like water transport and storage services lagged behind.
GROWTH IN GVA AT CONSTANT (2011-12) BASIC PRICES (%)
  2012-13 2013-14 2014-15
Agriculture, forestry & fishing 1.2 3.7 1.1
Industry 2.3 4.5 5.9
Mining & quarrying -0.2 5.4 2.3
Manufacturing 6.2 5.3 6.8
Electricity, gas, water supply, & other utility services 4.0 4.8 9.6
Construction -4.3 2.5 4.5
Services 8.0 9.1 10.6
Trade, hotels & restaurants, transport & communication 9.6 11.1 8.4
Financing, insurance, real estate & business services 8.8 7.9 13.7
Community, social, & personal services 4.7 7.9 9.0
GVA at basic prices 4.9 6.6 7.5
GDP (at market prices) 5.1 6.9 7.4

 

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