National Income Estimates for 2017-18: 18 major predictions made by CSO

1. Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2017-18 is likely to attain a level of `129.85 lakh crore, as against the Provisional Estimate of GDP for
the year 2016-17 of ` 121.90 lakh crore, released on 31st May 2017. The growth in GDP during 2017-18 is estimated at 6.5% as compared to the growth rate of 7.1% in 2016-17.

2. Real GVA, i.e, GVA at basic constant prices (2011-12) is anticipated to increase from `111.85 lakh crore in 2016-17 to `118.71 lakh crore in 2017-18. Anticipated growth of real GVA at basic prices in 2017-18 is 6.1% as against 6.6% in 2016-1

3. The sectors which registered growth rate of over 7.0% are, ‘public administration, defence and other services’, ‘Trade, hotels, transport, communication and services related to broadcasting’, ‘electricity, gas, water supply and other utility services’ and ‘financial, real estate and professional services’. The growth in the ‘agriculture, forestry and fishing’, ‘mining and ‘,’manufacturing’, and ‘construction’ is estimated to be 2.1%, 2.9%, 4.6 % and 3.6% respectively.

4.The ‘agriculture, forestry and fishing’ sector is likely to show a growth of 2.1% in its GVA during 2017-18, as against the …read more