The following is the unedited transcript of the news release from the Ministry of Statistics and Programme Implementation of India.

The Central Statistical Organisation (CSO), Ministry of Statistics and Programme Implementation has released the quarterly estimates of Gross Domestic Product (GDP) for the third quarter [Oct-Dec (Q3)] of 2006-07, both at constant (1999-2000) and current Prices. The details of the estimates are presented below.

Estimates at constant (1999-2000) prices

Quarterly GDP at factor cost at constant (1999-2000) prices for Q3 of 2006-07 is estimated at Rs. 7,56,296 crore, as against Rs. 6,96,146 crore in Q3 of 2005-06, showing growth rate of 8.6 per cent over the corresponding quarter of previous year.

The sectors which registered significant growth in Q3 of 2006-07 over Q3 of 2005-06 are, ‘mining & quarrying’ at 5.7 per cent, ‘manufacturing’ at 10.7 per cent, ‘electricity, gas and water supply’ at 9.3 per cent, ‘construction’ at 9.8 per cent, ‘trade, hotels, transport and communication’ at 13.0 per cent, ‘financing, insurance, real estate and business services’ at 11.6 per cent, and ‘community, social and personal services’ at 7.5 per cent.

The key indicators of construction sector, namely, cement and finished steel registered growth rates of 9.3 per cent and 9.7 per cent, respectively during October-December of 2006-07, as against the growth rates of 10.0 per cent and 15.9 per cent, respectively in the corresponding period of previous year. During April-December, 2006, production of cement and finished steel has gone up by 9.9 per cent and 9.7 per cent, respectively, as against the growth rates of 10.9 per cent and 10.7 per cent, respectively in the corresponding period of previous year.

The other key indicators, namely, production of commercial vehicles, cargo handled at major ports, cargo handled by civil aviation, passengers handled by civil aviation, and number of telephones installed, have shown growth rates of 35.3 per cent, 12.6 per cent, 24.3 per cent, 6.9 per cent, and 51.5 per cent, respectively, during the third quarter of 2006-07, while aggregate bank deposits, bank credits and revenue expenditure of central government registered growth rates of 23.0 per cent, 30.1 per cent and 17.3 per cent, respectively, during April-December of 2006-07 over April-December of 2005-06.

GDP at factor cost at current prices in Q3 of 2006-07, is estimated at Rs. 10,01,541 crore, as against Rs. 8,77,725 crore in Q3 of 2005-06, showing a rise of 14.1 per cent.

The wholesale price index (WPI) in respect of the groups, food articles, fish, minerals, manufactured products, electricity and all commodities, has risen by 8.1 per cent, (-) 7.3 per cent, 18.7 per cent, 4.9 per cent, 5.9 per cent, and 5.5 per cent, respectively during October-Decmber, 2006-07 over the corresponding period of 2005-06. The consumer price index for industrial workers (CPI-IW) has shown a rise of 6.8 per cent during October-December of 2006-07 over October-December of 2005-06.

Estimates of GDP at factor cost and the growth rates, by kind of economic activity for Q3 of 2006-07 and the corresponding period in 2005-06 at constant (1999-2000) and current prices are given in Statements 1 and 2.

The next release of quarterly GDP estimates for the quarter January-March, 2007 (Q4 of 2006-07) will be on 31.05.2007.


Available at:

http://mospi.nic.in/press_note_28feb07.htm