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TMI BlogGDP Advance Estimates for 2008-09X X X X Extracts X X X X X X X X Extracts X X X X ..... GDP Advance Estimates for 2008-09 - News and Press Release Dated:- 10-2-2009 - News - Following is the text of the statement issued by the Department of Economic Affairs, Ministry of Finance on GDP Advance Estimates for 2008-09, here today. "As per the Advance Estimates of GDP for 2008-09 released by the Central Statistical Organisation on 9, February, 2009, the growth of GDP at factor cost (a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t constant 99-2000 prices) is estimated to grow at 7.1 per cent during the year. The growth of GDP during 2007-08 (Quick estimates) was 9.0 per cent. As per the above estimates, the growth rate for Agriculture, Industry and Services is estimated to be 2.6 per cent, 4.8 per cent and 9.6 per cent respectively in 2008-09. In the quick estimates for 2007-08, the corresponding growth rates for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se three sectors were 4.9, 8.1 and 10.9 per cent respectively. Viewed from the demand side, the growth in Private Final Consumption Expenditure is expected to moderate to 6.7 per cent in 2008-09 from 8.1 per cent in 2007-08. The growth in Government Final Consumption Expenditure is estimated to increase from 7.4 per cent in 2007-08 to 16.8 per cent in 2008-09. Growth in Gross Fixed Capital Forma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion is anticipated to decline to 8.9 per cent from a 12.9 per cent in 2007-08. This increase in growth of Government Final Consumption Expenditure will offset partially the decline in Private Final Consumption Expenditure and would result in GDP growth at constant market prices to touch 7.1 per cent in 2008-09. The Per Capital income at current prices is estimated to grow at 14.4 per cent durin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g 2008-09 to reach Rs 38,084 as compared to a growth of 12.7 per cent during 2007-08. At constant prices the per capita income is expected to grow at 5.6 percent in 2008-09 as compared to a growth of 7.6 percent in 2007-08." Growth of GDP at Factor Cost at Constant 99-2000 Prices 2006-07 2007-08 2008-09 1 Agriculture, forestry fishing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4.0 4.9 2.6 2 Industry 11.0 8.1 4.8 a Mining quarrying 8.8 3.3 4.7 b Manufacturing 11.8 8.2 4.1 c Electricity, gas water supply 5.3 5.3 4.3 d Construction 11.8 10.1 6.5 3 Services 11.2 10.9 9.6 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Trade, hotels, transport communication 12.8 12.4 10.3 b Financing, Insurance, Real estate Business services 13.8 11.7 8.6 c Community, social personal services 5.7 6.8 9.3 4 GDP at factor cost 9.7 9.0 7.1 Share in different sectors in GDP (at factor cost at constant prices) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2006-07 2007-08 2008-09 Agriculture, forestry fishing 18.5 17.8 17.1 Industry 26.7 26.5 25.9 Mining quarrying 2.1 2.0 1.9 Manufacturing 15.3 15.2 14.8 Electricity, gas water supply 2.1 2.0 2.0 Construction ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7.2 7.2 7.2 Services 54.8 55.7 57.0 Trade, hotels, transport communication 27.1 28.0 28.8 Financing, insurance, real estate business services 14.3 14.6 14.8 Community, social personal services 13.4 13.1 13.4 GDP at factor cost 100.0 100.0 100.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Full Year Full Year Full Year Full Year Full Year 2004-05 2005-06 2006-07(prov) 2007-08(QE) 2008-09(AE) Private consumption 5.5 6.8 6.4 8.1 6.7 Govt consumption 3.6 6.2 5.5 7.4 16.8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GFCF 18.9 17.6 14.5 12.9 8.9 Valuables/Change in Stocks 93.8 32.9 8.6 34.3 24.1 GDP MP 8.3 9.3 9.7 9.1 7.1 Private Consumption 60.9 59.5 57.7 57.2 57 Govt. Consumption 10.6 10.3 9.9 9.8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11 GFCF 27.2 29.2 30.5 31.6 32 Valuables/Change in stocks 2.9 3.5 3.5 4.3 5 GDP MP 100.00 100.00 100.0 100.0 100.0 BSC/BY/SS/GN-36/09 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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