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The Central Statistical Organisation under the ministry of statistics and programme implementation, has released the revised estimates of national income for the financial year 2007-08 and the quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2007-08, both at constant (1999-2000) and current prices. 2. The CSO has also released the corresponding annual and quarterly estimates of Expenditure components of the GDP in current and constant (1999-2000) prices, namely the private final consumption expenditure, government final consumption expenditure, gross fixed capital formation, change in stocks, valuables, and net exports. I REVISED ANNUAL ESTIMATES OF NATIONAL INCOME, 2007-08 3. The advance estimates of national income for the year 2007-08 were released on 7th February, 2008. These estimates have now been revised incorporating latest estimates of agricultural production, index of industrial production and performance of key sectors like, railways, transport other than railways, communication, banking and insurance and government expenditure. 4. The salient features of these estimates are detailed below: (a) Estimates at constant (1999-2000) prices Gross Domestic Product 5. GDP at factor cost at constant (1999-2000) prices in the year 2007-08 is now estimated at Rs. 31,22,862 crore (as against Rs. 31,14,452 crore estimated earlier on 7th February, 2008), showing a growth rate of 9.0 per cent (as against 8.7 per cent in the Advance Estimates) over the Quick Estimates of GDP for the year 2006-07 of Rs. 28,64,310 crore, released on 31st January 2008. The upward revision in the GDP growth rate is mainly on account of the revisions made in the estimated production of agricultural crops by the Department of Agriculture and Co-operation. 6. The sectors which showed growth rates of 5 per cent or more, are 'manufacturing' (8.8 per cent), 'electricity, gas and water supply' (6.3 per cent), 'construction' (9.8 per cent), 'trade, hotels, transport and communication' (12.0 per cent), 'financing, insurance, real estate and business services' (11.8 per cent), and 'community, social and personal services' (7.3 per cent). National Income
7. The net national product (NNP) at factor cost, also known as national income, at 1999-2000 prices is now estimated at Rs. 27,67,682 crore (as compared to Rs. 27,60,325 crore estimated earlier), during 2007-08, as against the previous year's Quick Estimate of Rs. 25,30,495 crore. In terms of growth rates, the national income is estimated to rise by 9.4 per cent during 2007-08, in comparison to the growth rate of 9.7 per cent in 2006-07. Per Capita Income
8. The per capita income in real terms (at 1999-2000 prices) during 2007-08 is estimated to attain a level of Rs. 24,321 (as against Rs. 24,256 estimated on 7th February, 2008), as compared to the Quick Estimates for the year 2006-07 of Rs. 22,553. The growth rate in per capita income is estimated at 7.8 per cent during 2007-08. (b) Estimates at current prices Gross Domestic Product
9. GDP at factor cost at current prices in the year 2007-08 is estimated at Rs. 43,03,654 crore, showing a growth rate of 13.6 per cent over the Quick Estimates of GDP for the year 2006-07 of Rs. 37,90,063 crore, released on 31st January 2008. National Income
10. The NNP at factor cost at current prices is now estimated at Rs. 37,89,482 crore during 2007-08, as compared to Rs. 33,25,817 crore during 2006-07, showing a rise of 13.9 per cent. Per Capita Income
11. The per capita income at current prices during 2007-08 is estimated to attain a level of Rs.33,299 as compared to the Quick Estimates for the year 2006-07 of Rs.29,642, showing a rise of 12.3 per cent. II ANNUAL ESTIMATES OF EXPENDITURES ON GDP, 2007-08 12. Alongwith the Revised Estimates of GDP by economic activity, the CSO is also releasing the estimates of expenditures of the GDP at current and constant (1999-2000) prices. These estimates have been compiled using the data on indicators available from the same sources as those used for compiling GDP estimates by economic activity, detailed data available on merchandise trade in respect of imports and exports, balance of payments, and monthly accounts of central government. As various components of expenditure on gross domestic product, namely, consumption expenditure and capital formation, are normally measured at market prices, the discussion in the following paragraphs is in terms of market prices only. Private Final Consumption Expenditure
13. Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs. 26,07,584 crore in 2007-08 as against Rs. 23,12,105 crore in 2006-07. At constant (1999-2000) prices, the PFCE is estimated at Rs. 19,77,876 crore in 2007-08 as against Rs. 18,26,490 crore in 2006-07. In terms of GDP at market prices, the rates of PFCE at current and constant (1999-2000) prices during 2007-08 are estimated at 55.3 per cent and 58.2 per cent, respectively, as against the corresponding rates of 55.8 per cent and 58.6 per cent, respectively in 2006-07. Government Final Consumption Expenditure
14. Government Final Consumption Expenditure (GFCE) at current prices is estimated at Rs. 4,77,697 crore in 2007-08 as against Rs. 4,27,007 crore in 2006-07. At constant (1999-2000) prices, the GFCE is estimated at Rs. 3,27,747 crore in 2007-08 as against Rs. 3,06,420 crore in 2006-07. In terms of GDP at market prices, the rates of GFCE at current and constant (1999-2000) prices during 2007-08 are estimated at 10.1 per cent and 9.6 per cent, respectively, as against the corresponding rates of 10.3 per cent and 9.8 per cent, respectively in 2006-07. Gross Fixed Capital Formation
15. Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs. 15,98,078 crore in 2007-08 as against Rs. 13,46,501 crore in 2006-07. At constant (1999-2000) prices, the GFCF is estimated at Rs. 10,85,618 crore in 2007-08 as against Rs. 9,54,350 crore in 2006-07. In terms of GDP at market prices, the rates of GFCF at current and constant (1999-2000) prices during 2007-08 are estimated at 33.9 per cent and 31.9 per cent, respectively, as against the corresponding rates of 32.5 per cent and 30.6 per cent, respectively in 2006-07. Thus, there is an increase of 1.4 percentage points in the estimated GFCF at current prices during 2007-08. The rates of Change in Stocks and Valuables at current prices during 2007-08 are estimated at 2.3 per cent and 1.3 per cent, respectively. Discrepancies
16. The Discrepancies presented in the national accounts statistics refer to the differences between the GDP estimated by economic activity marked up by net indirect taxes (indirect taxes less subsidies) to arrive at GDP at market prices; and the GDP estimated from the expenditure side. These discrepancies are the sum total of (i) the statistical discrepancy in the National Disposable Income and its Appropriation Account, (ii) errors and omissions in the Capital Finance Account (in the estimation of gross capital formation), (iii) adjustment of merchandise exports to the change of ownership basis in the External Transactions Account, and (iv) adjustment of merchandise imports to the change of ownership basis, also in the External Transactions Account. The component-wise break-up of the discrepancies is available at the time of releasing the Quick Estimates of National Income, Consumption Expenditure, Saving and Capital Formation on 31st January, when all the above accounts are compiled based on detailed data given in the balance of payments statistics. The estimates of Saving and Gross Capital Formation (which is estimated using the funds-flow approach as sum of saving and net capital inflow from abroad) and their rates in terms of GDP at market prices are also released at the same time, as these are compiled using the detailed data available from central and state government accounts and on the private corporate sector from the Reserve Bank of India. Thus, the estimates of saving and capital formation for the year 2007-08 are not presented in this press release. 17. The discrepancies at current and constant (1999-2000) prices during 2007-08 are estimated at 0.2 per cent and 1.1 percent, respectively of the GDP at market prices, as against the corresponding rate of 1.0 per cent and 1.8 percent, respectively in 2006-07. 18. Estimates of gross/net national product, gross/net domestic product and per capita income, alongwith GDP at factor cost by kind of economic activity and the Expenditures on GDP for the years 2005-06, 2006-07 and 2007-08 at constant (1999-2000) and current prices are given in Statements 1 to 4. II QUARTERLY ESTIMATES OF GDP FOR Q4 (JANUARY-MARCH), 2007-08 (a) Estimates at constant (1999-2000) prices 19. The four quarters of a financial year are denoted by Q1, Q2, Q3 and Q4. GDP at factor cost at constant (1999-2000) prices in Q4 of 2007-08 is estimated at Rs. 8,52,270 crore, as against Rs. 7,83,618 crore in Q4 of 2006-07, showing a growth rate of 8.8 per cent. The sectors which registered significant growth rates in Q4 of 2007-08 over Q4 of 2006-07 are 'mining and quarrying' at 5.9 per cent, 'manufacturing' at 5.8 per cent, 'electricity, gas and water supply' at 5.6 per cent, 'construction' at 12.6 per cent, 'trade, hotels, transport and communication' at 12.4 per cent, 'financing, insurance, real estate and business services' at 10.5 per cent, and 'community, social and personal services' at 9.5 per cent. 20. The PFCE and GFCF at constant (1999-2000) market prices in Q4 of 2007-08 are estimated at Rs. 5,03,109 crore and Rs. 2,97,012 crore, respectively. The rates of PFCE and GFCF as percentage of GDP at market prices in Q4 of 2007-08 were 53.4 per cent and 31.6 per cent, respectively, as against the corresponding rates of 53.7 per cent and 30.9 per cent, respectively in Q4 of 2006-07. (b) Estimates at current prices 21. GDP at factor cost at current prices in Q4 of 2007-08 is estimated at Rs. 11,87,845 crore, as against Rs. 10,42,702 crore in Q4 of 2006-07, showing a rise of 13.9 per cent. 22. The PFCE and GFCF at current market prices in Q4 of 2007-08 are estimated at Rs. 6,79,067 crore and Rs. 4,44,110 crore, respectively. The rates of PFCE and GFCF at current prices as percentage of GDP at market prices in Q4 of 2007-08 are estimated at 51.5 per cent and 33.7 per cent, respectively, as against the corresponding rates of 51.6 per cent and 33.4 per cent, respectively in Q4 of 2006-07. 23. Estimates of GDP at factor cost by kind of economic activity and the Expenditures on GDP for the four quarters of 2005-06, 2006-07 and 2007-08 at constant (1999-2000) and current prices, are given in Statements 5 to 8. 24. The next release of quarterly GDP estimate for the quarter April-June, 2008 (Q1 of 2008-09) will be on 29.08.2008 | STATEMENT 1: Estimates of National Income and Expenditures on GDP, 2007-08 | | (At 1999-2000 prices) | | Item | 2005-06 | 2006-07 (QE) | 2007-08 (RE) | | A. ESTIMATES AT AGGREGATE LEVEL | | | | | 1. NATIONAL PRODUCT (Rs. Crore) | | | | | 1.1 Gross national product (GNP) at factor cost | 25,93,160 | 28,45,156 (9.7) | 31,09,361 (9.3) | | 1.2 Net national product (NNP) at factor cost | 23,06,894 | 25,30,495 (9.7) | 27,67,682 (9.4) | | 2. DOMESTIC PRODUCT (Rs. Crore | | | | | 2.1 Gross domestic product (GDP) at factor cost | 26,12,847 | 28,64,310 (9.6) | 31,22,862 (9.0) | | 2.2 Gross domestic product (GDP) at market prices | 28,41,967 | 31,17,372 | 33,98,767 | | 2.3 Net domestic product (NDP) at factor cost | 23,26,581 | 25,49,649 (9.6 ) | 27,81,182 (9.1) | | 2.4 Private Final Consumption Expenditure (PFCE) | 17,05,663 | 18,26,490 | 19,77,876 | | 2.5 Government Final Consumption Expenditure | 2,88,495 | 3,06,420 | 3,27,747 | | 2.6 Gross Fixed Capital Formation (GFCF) | 8,28,986 | 9,54,350 | 10,85,618 | | 2.7 Change in Stocks (CIS) | 61,702 | 64,091 | 68,541 | | 2.8 Valuables | 33,140 | 38,091 | 3,404 | | 2.9 Exports | 5,39,460 | 6,41,228 | 6,89,636 | | 2.10 Less Imports | 6,19,076 | 7,70,961 | 8,30,006 | | 2.11 Discrepancies | 3,597 | 57,663 | 35,950 | | B. ESTIMATES AT PER CAPITA LEVEL | | | | | Population (million) | 1,106 | 1,122 | 1,138 | | Per capita NNP at factor cost (Rs.) | 20,858 | 22,553 (8.1) | 24,321 (7.8) | | Note: The figures in parenthesis show the percentage change over previous year | | QE: Quick Estimate; RE: Revised Estimate | | STATEMENT 2: Estimates of GDP at Factor Cost by Economic Activity | | | | | | (At 1999-2000 prices) | | | | | | Rs. Crore |
| |
| | Percentage change over previous year | | Industry | 2005-06 | 2006-07 (QE) | 2007-08 (RE) | 2006-07 | 2007-08 | | 1. agriculture, forestry & fishing | 5,11,013 | 5,30,236 | 5,54,336 | 3.8 | 4.5 | | 2. mining & quarrying | 55,150 | 58,294 | 61,061 | 5.7 | 4.7 | | 3. manufacturing | 3,93,557 | 4,40,770 | 4,79,456 | 12.0 | 8.8 | | 4. electricity, gas & water supply | 57,309 | 60,737 | 64,544 | 6.0 | 6.3 | | 5. construction | 1,84,255 | 2,06,338 | 2,26,579 | 12.0 | 9.8 | | 6. trade, hotels, transport and communication | 6,86,738 | 7,67,884 | 8,60,212 | 11.8 | 12.0 | | 7. financing, insurance, real estate & business services | 3,59,942 | 4,10,030 | 4,58,364 | 13.9 | 11.8 | | 8. community, social & personal services | 3,64,883 | 3,90,020 | 4,18,307 | 6.9 | 7.3 | | 9. GDP at factor cost | 26,12,847 | 28,64,310 | 31,22,862 | 9.6 | 9.0 | | STATEMENT 3: Estimates of National Income and Expenditures on GDP, 2007-08 | | | | (At current prices) | | Item | 2005-06 | 2006-07 (QE) | 2007-08 (RE) | | A. ESTIMATES AT AGGREGATE LEVEL | | | | | 1. NATIONAL PRODUCT (Rs. Crore) | | | | | 1.1 Gross national product (GNP) at factor cost | 32,49,554 | 37,60,285 (15.7) | 42,81,795 (13.9) | | 1.2 Net national product (NNP) at factor cost | 28,70,750 | 33,25,817 (15.9) | 37,89,482 (13.9) | | 2. DOMESTIC PRODUCT (Rs. Crore) | | | | | 2.1 Gross domestic product (GDP) at factor cost | 32,75,670 | 37,90,063 (15.7) | 43,03,654 (13.6) | | 2.2 Gross domestic product (GDP) at market prices | 35,80,344 | 41,45,810 (15.8) | 47,13,148 (13.7) | | 2.3 Net domestic product (NDP) at factor cost | 28,96,866 | 33,55,595 (15.8) | 38,11,341 (13.6) | | 2.4 Gross National Disposable Income | 36,62,793 | 42,42,120 | 48,36,361 | | 2.5 Private Final Consumption Expenditure (PFCE) | 20,55,387 | 23,12,105 | 26,07,584 | | 2.6 Government Final Consumption Expenditure | 3,73,076 | 4,27,007 | 4,77,697 | | 2.7 Gross Fixed Capital Formation (GFCF) | 11,09,160 | 13,46,501 | 15,98,078 | | 2.8 Change in Stocks (CIS) | 86,248 | 96,103 | 1,09,321 | | 2.9 Valuables | 41,392 | 49,709 | 59,211 | | 2.10 Exports | 7,12,087 | 9,15,674 | 10,05,065 | | 2.11 Less Imports | 8,13,466 | 10,40,797 | 11,51,739 | | 2.12 Discrepancies | 16,460 | 39,508 | 7,930 | | B. ESTIMATES AT PER CAPITA LEVEL | | | | | Population (million) | 1,106 | 1,122 | 1,138 | | Per capita NNP at factor cost (Rs.) | 25,956 | 29,642 (14.2) | 33,299 (12.3) | | Note: The figures in parenthesis show the percentage change over previous year | | | | | QE: Quick Estimate; RE: Revised Estimate | | | | | STATEMENT 4: Estimates of GDP at Factor Cost by Economic Activity | | | | | | (At current prices) | | | | | | Rs. Crore | | |
| | Percentage change over previous year | | Industry | 2005-06 | 2006-07 (QE) | 2007-08 (RE) | 2006-07 | 2007-08 | | 1. agriculture, forestry & fishing | 615844 | 695423 | 764082 | 12.9 | 9.9 | | 2. mining & quarrying | 94153 | 101816 | 118712 | 8.1 | 16.6 | | 3. manufacturing | 519387 | 617954 | 705103 | 19.0 | 14.1 | | 4. electricity, gas & water supply | 64406 | 70563 | 75329 | 9.6 | 6.8 | | 5. construction | 264616 | 319497 | 366946 | 20.7 | 14.9 | | 6. trade, hotels, transport and communication | 815698 | 949469 | 1085468 | 16.4 | 14.3 | | 7. financing, insurance, real estate & business services | 452593 | 526755 | 614066 | 16.4 | 16.6 | | 8. community, social & personal services | 448972 | 508586 | 573948 | 13.3 | 12.9 | | 9. GDP at factor cost | 3275670 | 3790063 | 4303654 | 15.7 | 13.6 | | STATEMENT 5: Quarterly Estimates of GDP for 2007-08PERCENTAGE CHANGE OVER PREVIOUS YEAR (at 1999-2000 prices) | | GDP AT FACTOR COST (Rs. in crore) | PERCENTAGE CHANGE OVER PREVIOUS YEAR | | 2005-06 | 2006-07
| 2007-08
| 2006-07 | 2007-08 | | industry | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | | 1. agriculture, forestry & fishing | 119462 | 95550 | 162245 | 133756 | 122660 | 98606 | 168666 | 140305 | 128042 | 103199 | 178741 | 144354 | 2.7 | 3.2 | 4.0 | 4.9 | 4.4 | 4.7 | 6.0 | 2.9 | | 2. mining & quarrying | 13306 | 12430 | 14018 | 15397 | 13852 | 12916 | 14863 | 16663 | 14083 | 13621 | 15706 | 17651 | 4.1 | 3.9 | 6.0 | 8.2 | 1.7 | 5.5 | 5.7 | 5.9 | | 3. manufacturing | 92185 | 95270 | 99720 | 106382 | 103009 | 106853 | 110948 | 119960 | 114270 | 116685 | 121574 | 126928 | 11.7
| 12.2 | 11.3 | 12.8
| 10.9
| 9.2
| 9.6 | 5.8 | | 4. electricity, gas & water supply | 14322 | 14031 | 14289 | 14667 | 14942 | 14961 | 15372 | 15462 | 16121 | 15990 | 16109 | 16324 | 4.3 | 6.6 | 7.6 | 5.4 | 7.9 | 6.9 | 4.8 | 5.6 | | 5. construction | 43284 | 43522 | 47623 | 49826 | 48967 | 48745 | 52745 | 55880 | 52720 | 54478 | 56474 | 62907 | 13.1 | 12.0 | 10.8 | 12.2 | 7.7 | 11.8 | 7.1 | 12.6 | | 6. trade, hotels, transport & commn. | 155516 | 158038 | 179221 | 193962 | 172481 | 178064 | 200900 | 216439 | 195068 | 197728 | 224091 | 243325 | 10.9 | 12.7 | 12.1 | 11.6 | 13.1 | 11.0 | 11.5 | 12.4 | | 7. financing, ins., real est. & bus. services | 85665 | 87353 | 90111 | 96813 | 97331 | 99526 | 103342 | 109831 | 109559 | 111833 | 115639 | 121334 | 13.6 | 13.9 | 14.7 | 13.4 | 12.6 | 12.4 | 11.9 | 10.5 | | 8. community, social & personal services | 81996 | 89578 | 89488 | 103822 | 90404 | 96043 | 94495 | 109078 | 95086 | 103451 | 100325 | 119446 | 10.3 | 7.2 | 5.6 | 5.1 | 5.2 | 7.7 | 6.2 | 9.5 | | GDP at factor cost | 605737 | 595771 | 696714 | 714625 | 663645 | 655713 | 761333 | 783618 | 724949 | 716984 | 828659 | 852270 | 9.6 | 10.1 | 9.3 | 9.7 | 9.2 | 9.3 | 8.8 | 8.8 | STATEMENT 6: Quarterly Estimates of GDP for 2007-08 | industry | GDP AT FACTOR COST (Rs. in crore) | PERCENTAGE CHANGE OVER PREVIOUS YEAR | | 2005-06 | 2006-07 | 2007-08 | 2006-07 | 2007-08 | Q1
| Q2
| Q3 | Q4 | Q1
| Q2
| Q3 | Q4 | Q1
| Q2
| Q3 | Q4 | Q1
| Q2
| Q3 | Q4 | Q1
| Q2
| Q3 | Q4 | | 1. agriculture, forestry & fishing | 139826 | 115383 | 199365 | 161271 | 155326 | 127706 | 225723 | 186669 | 175004 | 143319 | 246379 | 199381 | 11.1 | 10.7 | 13.2 | 15.7 | 12.7 | 12.2 | 9.2 | 6.8 | | 2. mining & quarrying | 21485 | 21026 | 24630 | 27012 | 23943 | 22954 | 26074 | 28845 | 27396 | 24692 | 27504 | 39119 | 11.4 | 9.2
| 5.9
| 6.8 | 14.4 | 7.6
| 5.5 | 35.6 | | 3. manufacturing | 121064 | 125638 | 132223 | 140462 | 140869 | 148829
| 157073 | 171183 | 165280 | 170305 | 179165 | 190353 | 16.4 | 18.5 | 18.8
| 21.9 | 17.3 | 14.4 | 14.1 | 11.2 | | 4. electricity, gas & water supply | 15838 | 16034 | 15963 | 16571 | 17009 | 17271 | 18213 | 18069 | 18790 | 18643 | 18782 | 19114 | 7.4
| 7.7
| 14.1 | 9.0 | 10.5
| 7.9 | 3.1
| 5.8 | | 5. construction | 61100 | 62522 | 69124 | 71870 | 73912 | 75247 | 82623 | 87715 | 83866 | 87534 | 91448
| 104098 | 21.0
| 20.4
| 19.5 | 22.0
| 13.5
| 16.3 | 10.7 | 18.7 | | 6. trade, hotels, transport & commn | 184729 | 188417 | 216835 | 225718 | 212200 | 220224 | 253370 | 263675 | 248229 | 248151 | 285976 | 303112 | 14.9 | 16.9 | 16.8
| 16.8 | 17.0
| 12.7 | 12.9 | 15.0 | | 7. financing, ins., real est. & bus. services | 106441 | 110228 | 114520 | 121404 | 122772 | 127998 | 134188 | 141796 | 145106 | 149195 | 154793 | 164973 | 15.3 | 16.1
| 17.2
| 16.8 | 18.2 | 16.6 | 15.4
| 16.3 | | 8. community, social & personal services | 98544 | 109912 | 111349 | 129168 | 114474 | 124629 | 124733 | 144750 | 127199 | 141128 | 137927 | 167695 | 16.2 | 13.4 | 12.0
| 12.1 | 11.1
| 13.2 | 10.6 | 15.9 | | GDP at factor cost | 749026 | 749159 | 884009 | 893476 | 860505 | 864860 | 1021996 | 1042702 | 990868 | 982968 | 1141973 | 1187845 | 14.9
| 15.4
| 15.6 | 16.7 | 15.1
| 13.7
| 11.7 | 13.9 | STATEMENT 7: Quarterly Estimates of Expenditures of GDP for 2007-08 | industry | AT MARKET PRICES (Rs. in crore)
| RATES OF GDP AT MARKET PRICES (%)
| | 2006-07 | 2007-08 | 2006-07 | 2007-08 | Q1
| Q2
| Q3
| Q4
| Q1
| Q2
| Q3
| Q4
| Q1
| Q2 | Q3 | Q4
| Q1 | Q2 | Q3 | Q4 | 1. Private Final Consumption Expenditure (PFCE)
| 427605 | 435557 | 498914 | 464414 | 460272 | 468855 | 545639 | 503109 | 60.7
| 60.3
| 60.4
| 53.7
| 59.8
| 59.5
| 60.7
| 53.4 | | 2. Government Final Consumption Expenditure | 80911 | 61861 | 73140 | 90508 | 79152 | 68219 | 74782 | 105593 | 11.5
| 8.6
| 8.9
| 10.5
| 10.3
| 8.7
| 8.3
| 11.2 | 3. Gross Fixed Capital Formation (GFCF)
| 217321 | 225607 | 244272 | 267150 | 246203 | 263322 | 279081 | 297012 | 30.8
| 31.2
| 29.6
| 30.9
| 32.0
| 33.4
| 31.0
| 31.6
| | 4. Change in Stocks | 14978 | 15537 | 16133 | 17443 | 16335 | 16681 | 17380 | 18145 | 2.1
| 2.2
| 2.0
| 2.0
| 2.1
| 2.1
| 1.9
| 1.9 | 5. Valuables
| 9243 | 9367 | 9671 | 9810 | 9480 | 10579 | 12551 | 10794 | 1.3
| 1.3
| 1.2
| 1.1
| 1.2 | 1.3
| 1.4
| 1.1 | | 6. Exports | 172606 | 135973 | 147657 | 184992 | 182881 | 132133 | 170925 | 203698 | 24.5
| 18.8
| 17.9
| 21.4
| 23.8
| 16.8
| 19.0 | 21.6 | | 7. Less Imports | 180579 | 194898 | 199740 | 195744 | 191460
| 195727 | 228186 | 214632 | 25.6
| 27.0
| 24.2
| 22.6
| 24.9
| 24.8
| 25.4
| 22.8 | | 8. Discrepancies | 37244 | 33351 | 35354 | 26201 | 32993 | 24452 | 26926 | 17564 | -5.3
| 4.6
| 4.3
| 3.0
| -4.3
| 3.1
| 3.0
| 1.9 | | GDP at market prices | 704841 | 722355
| 825401 | 864774 | 769871 | 788514 | 899098 | 941283 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | STATEMENT 8: Quarterly Estimates of Expenditures of GDP for 2007-08 | industry | AT MARKET PRICES (Rs. in crore)
| RATES OF GDP AT MARKET PRICES (%)
| | 2006-07 | 2007-08 | 2006-07 | 2007-08 | Q1
| Q2
| Q3
| Q4
| Q1
| Q2
| Q3
| Q4
| Q1
| Q2 | Q3 | Q4
| Q1 | Q2 | Q3 | Q4 | 1. Private Final Consumption Expenditure (PFCE)
| 524769 | 547834 | 641156 | 598346 | 595537 | 613038 | 719943 | 679067 | 57.3
| 57.2 | 57.6 | 51.6 | 56.1 | 56.8 | 57.5 | 51.5 | | 2. Government Final Consumption Expenditure | 109446 | 85779 | 103513 | 128269 | 111933 | 99085 | 109703 | 156976 | 11.9
| 9.0 | 9.3 | 11.1
| 10.5
| 9.2
| 8.8
| 11.9 | 3. Gross Fixed Capital Formation (GFCF)
| 298053 | 314446 | 347290 | 386712 | 357045 | 385921 | 411002 | 444110 | 32.5 | 32.8
| 31.2 | 33.4 | 33.6 | 35.7 | 32.8 | 33.7 | | 4. Change in Stocks | 21908 | 23146 | 24428 | 26622 | 25625 | 26404 | 27778 | 29513 | 2.4 | 2.4
| 2.2 | 2.3 | 2.4
| 2.4
| 2.2 | 2.2 | 5. Valuables
| 13015 | 13331 | 14015 | 9347 | 14073 | 15676 | 18806 | 10656 | 1.4
| 1.4
| 1.3
| 0.8 | 1.3 | 1.5
| 1.5
| 0.8 | | 6. Exports | 206273 | 228930 | 215183 | 265289 | 223634 | 227638 | 254885 | 298908 | 22.5
| 23.9
| 19.3
| 22.9
| 21.1
| 21.1 | 20.4 | 22.7 | | 7. Less Imports | 245903 | 266763 | 263627 | 264504 | 268153 | 275535 | 309756 | 298295 | 26.8 | 27.9
| 23.7 | 22.8
| 25.2
| 25.5
| 24.7
| 22.6 | | 8. Discrepancies | 11084 | 11010 | 31198 | 8386 | 2351 | 12293 | 19785 | -1913 | -1.2
| 1.1
| 2.8
| 0.7 | 0.2
| -1.1 | 1.6
| -0.1 | | GDP at market prices | 916476 | 957712
| 1113155 | 1158468 | 1062045 | 1079935 | 1252147 | 1319021 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | See: Farm gains prop up GDP growth to 9 per cent in FY08
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