New Delhi: The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the Provisional estimates of national income for the financial year 2016-17 and quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2016-17, both at constant (2011-12) and current prices.
- The estimates of Quarterly GDP have been compiled using the new series of Index of Industrial Production (IIP) and Wholesale price Indices (WPI). The new series of IIP and WPI with base 2011-12 was released by CSO and the Office of Economic Advisor (OEA), Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, respectively on 12th May, 2017.
- Accordingly, Annual estimates of GDP for the years 2011-12 to 2015-16, which were released on 31st January 2017 have been revised on account of using new series of IIP and WPI. Growth rates of GDP for the years 2011-12 to 2015-16, based on the new series of IIP and WPI and old series of IIP and WPI are given below:
| (At Current Prices( In Rs.crore)) | (At Constant Prices (In Rs. Crore)) | ||||||||
| Year | GDP | GDP growth rates (%) | Year | GDP | GDP growth rates (%) | ||||
| Old Series | New Series | Old | New | Old | New | Old | New | ||
| 2011-12 | 8736039 | 8736329 | 2011-12 | 8736039 | 8736329 | ||||
| 2012-13 | 9946636 | 9944013 | 13.9 | 13.8 | 2012-13 | 9215125 | 9213017 | 5.5 | 5.5 |
| 2013-14 | 11236635 | 11233522 | 13.0 | 13.0 | 2013-14 | 9817822 | 9801370 | 6.5 | 6.4 |
| 2014-15 | 12433749 | 12445128 | 10.7 | 10.8 | 2014-15 | 10522686 | 10536984 | 7.2 | 7.5 |
| 2015-16 | 13675331 | 13682035 | 10.0 | 9.9 | 2015-16 | 11357529 | 11381002 | 7.9 | 8.0 |
- Quarterly estimates of GDP of the previous years along with the first, second and third quarter estimates of 2016-17 released earlier have undergone revision in accordance with the revision policy of National Accounts. Quarterly estimates for the years 2014-15, 2015-16, and 2016-17 are presented in Statements 5 to 8.
