ESTIMATES STATE DOMESTIC PRODUCT, ODISHA

Transcription

1 GOVERNMENT OF ODISHA ESTIMATES OF STATE DOMESTIC PRODUCT, ODISHA (Both at Basic Prices and Market Prices) TO (1 st Estimate) and (Advance Estimate) With Base FEBRUARY, 2016 DIRECTORATE OF ECONOMICS & STATISTICS, ODISHA, BHUBANESWAR 1

2 2

3 DIRECTORATE OF ECONOMICS AND STATISTICS, ODISHA, BHUBANESWAR NEW SERIES ESTIMATES OF STATE DOMESTIC PRODUCT, (Base year ) Brief Note Estimates of State Domestic Product for Odisha are the outcome of complex exercises of value additions in all economic & social sectors and sub sectors of the State. The base year revision of GDP at national accounts as well as SDP at regional accounts is contemplated every five to six year in order to accommodate the changes accrued in structural and technological issues in the economy; methodological issues; scope & coverage of institutional sectors; data/ rate & ratios sources /updating etc during the transition period. In case of base year revisions, apart from a shift in the reference year for measuring the real growth, conceptual changes, as recommended by the international guidelines, are incorporated. Further, statistical changes like revisions in the methodology of compilation, adoption of latest classification systems, and, inclusion of new and recent data sources are also made. Changes are also made in the presentation of estimates to improve ease of understanding for analysis and facilitate international comparability. Accordingly state Domestic Product (SDP) with new base has been estimated. 2. National Accounts Divisions (NAD), Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation (MOSPI), Government of India have introduced new base year of in place of existing base for estimation the GDP of India during January 2015, A series of national & regional level workshops and joint discussions on comparable estimates of SDP between State s DES & CSO were organized by the NAD, CSO for all state Directorate of Economics and Statistics to update their respective estimates of State Domestic Product in the light of Changes of new data base and methodologies. 3. The major changes in the new base are as follows: Change from GVA at factor cost to GVA at basic prices, which includes GVA at factor cost with production taxes less production subsidies. The SDP will be estimated at market prices at aggregate level as practiced internationally. Separate estimates of GVA Crop and GVA Livestock. The Sewage activities removed from Other Services sector and made a part of Electricity, Gas, Water Supply and Utility Services. Incorporation of results of recent NSS surveys, population census 2011, livestock census 2012, use of Ministry of Company Affairs (MCA) 21 project data for private corporate sector, new rates and ratios, use of CPI rural, urban and combined, WPI etc. The Directorate of Economics and Statistics, Government of Odisha is now releasing the new series of State Domestic Product, revising the base year from to The base year from to of State Domestic Product was last revised in January The State Domestic Product (SDP) at factor cost will no longer be discussed. As is the practice internationally, industry-wise estimates will be presented as Gross Value Added (GVA) at basic prices, while SDP at market prices will henceforth be referred to as SDP. Estimates of GVA at factor cost (earlier called GSDP at factor cost) can be compiled by using the estimates of GVA at basic prices and production taxes less subsidies. GVA at basic prices, GSDP, NVA at basic prices, NSDP and per capita NSDP both at Current and Constant prices along with Growth over previous year for the years from to (AE) are presented in Statements 1.1 &

4 6. SDP new series at base has been estimated with the following limitations: i. Provisional GVA of various sectors and sub-sectors like Private Corporate, Private Unorganised, Railways, Financial Services, Communication, Central Govt. Administration, Central Autonomous Bodies, Central NDCUs, Central DCUs etc. are allocated and supplied to the states by CSO for the years from to For the subsequent years, GVA are being extrapolated on the basis of past years growth or rates/ ratios/ indicators. ii. As such, it may be treated as provisional, and it will need some more time to give a stabilised and improved estimate for the new base Gross State Domestic Product GSDP for the base year is estimated as Rs thousand crore. Nominal GSDP or GSDP at current prices for the year is estimated as Rs thousand crore while that for the year is estimated as Rs thousand crore and for the year is estimated as Rs thousand crore, exhibiting a growth of percent, 8.62 percent and percent during the years , and respectively. 8. Real GSDP or GSDP at constant ( ) prices stands at Rs thousand crore, Rs thousand crore and Rs.2546 thousand crore, respectively for the years , and showing growth of 3.52 percent during , 72 percent during and 6.24 percent during As per advance estimates of GSDP for the year at constant prices is likely to attain a level of Rs thousand crore anticipating a rise of 6.16 per cent over the quick estimate for the year Advance estimate of GSDP at current prices for the year is likely to attain a level of Rs thousand crore anticipating a rise of 27 per cent over the quick estimate. Net State Domestic Product 10. NSDP for the base year is estimated as Rs thousand crore. Nominal NSDP or NSDP at current prices for the year is estimated as Rs thousand crore while that for the year is estimated as Rs thousand crore and for the year is estimated as Rs thousand crore, registering a growth of 129 percent, 8.13 percent and percent during the years , and respectively. 11. Real NSDP or NSDP at constant ( ) prices stands at Rs thousand crore, Rs thousand crore and Rs thousand crore, respectively for the years , and showing growth of 3.84 percent during , 30 percent during and 6.30 percent during As per advance estimates of NSDP for the year at constant prices is likely to attain a level of Rs thousand crore anticipating a rise of 6.01 per cent over the quick estimate for the year Advance estimate of NSDP at current prices for the year is likely to attain a level of Rs.2907 thousand crore anticipating a rise of 07 per cent over the quick estimate. Industry-wise Analysis 13. The Gross Value Added (GVA) at basic prices at current prices in different sectors of the economy are presented in Statements and the percent share & growth over previous 4

5 year are shown in the statement and respectively. Similarly the GVA at basic prices at Constant prices are given in the Statement 2.2.0, and respectively. 1 The Net Value Added (NVA) at basic prices at current prices in different sectors of the economy are presented in Statements and the percent share & growth over previous year are shown in the statement and respectively. Similarly the NVA at basic prices at Constant prices are given in the Statement 3.2.0, and respectively. 15. The growth in GVA during has been higher than that in due to higher growth in Crop (12.34%), Electricity (218%), Trade (10.47%), Transport by Other means (12.73%) and Other Services (13.54%). Per Capita Net State Domestic Product 16. For the purpose of estimation of Per Capita Income, Population Projections compiled on the basis of Census 2011 have been used. Per Capita Income at current prices, estimated as Per Capita Net State Domestic Product at current prices, is estimated at Rs , Rs , Rs and Rs for the years , , and respectively registering the growth rate of per cent 04 per cent and per cent during the years , and respectively. Correspondingly, Per Capita Net State Domestic Product at constant prices, for the years from to are estimated as Rs , Rs , Rs and Rs respectively registering the growth rate of 2.80 per cent 3.25 per cent and 5.23 per cent during the years , and respectively. 1 Per Capita Income as per advance estimates for the year is anticipated to attain at Rs and Rs at current price and constant price estimate respectively anticipating the growth rate of 5.99 per cent at current prices and 95 per cent at constant prices. *************** 5

6 6

7 Statement 1.1: Key aggregates of state domestic product at current prices 1. Item Gross State Value Added at basic prices (Rs. in Lakh) Growth over previous year (in %) (A) (A) Taxes on Products Less Subsidies on Products Gross State Domestic Product (1+2-3) Consumption of Fixed Capital Net State Value Added at basic prices (1-5) Net State Domestic Product (4-5) Population (Lakh) Per Capita Net State Domestic Product (Rupees) Statement 1.2: Key aggregates of state domestic product at constant ( ) prices 1. Item Gross State Value Added at basic prices (Rs. in Lakh) Growth over previous year (in %) (A) (A) Taxes on Products Less Subsidies on Products Gross State Domestic Product (1+2-3) Consumption of Fixed Capital Net State Value Added at basic prices (1-5) Net State Domestic Product (4-5) Population (Lakh) Per Capita Net State Domestic Product (Rupees)

8 (A) Rupees (A) Rs. In Crore GSDP at Market Prices At current prices At prices Per Capita NSDP At current prices At prices 8

9 Statement 2.1.0: Gross State Value Added by economic activity at current basic prices 9 Rs. Lakh Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Public Administration and Defence Other Services Tertiary TOTAL GSVA at Basic Prices Gross State Domestic Product

10 Statement 2.1.1: Gross State Value Added by economic activity at current basic prices Percentage Share Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Public Administration and Defence Other Services Tertiary TOTAL GSVA at Basic Prices

11 Statement 2.1.2: Gross State Value Added by economic activity at current basic prices Growth over previous year Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Public Administration and Defence Other Services Tertiary TOTAL GSVA at Basic Prices Gross State Domestic Product

12 Statement 2.2.0: Gross State Value Added by economic activity at constant ( ) basic prices Rs. Lakh Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Public Administration and Defence Other Services Tertiary TOTAL GSVA at Basic Prices Gross State Domestic Product

13 Statement 2.2.1: Gross State Value Added by economic activity at constant ( ) basic prices Percentage Share Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Public Administration and Defence Other Services Tertiary TOTAL GSVA at Basic Prices

14 Statement 2.2.2: Gross State Value Added by economic activity at constant ( ) basic prices Growth over previous year Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Public Administration and Defence Other Services Tertiary TOTAL GSVA at Basic Prices Gross State Domestic Product

15 Statement 3.1.0: Net State Value Added by economic activity at current basic prices Rs. Lakh Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Public Administration and Defence Other Services Tertiary TOTAL NSVA at Basic Prices Net State Domestic Product Per capita NSDP (In Rupees)

16 Statement 3.1.1: Net State Value Added by economic activity at current basic prices Percentage Share Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Public Administration and Defence Other Services Tertiary TOTAL NSVA at Basic Prices

17 Statement 3.1.2: Net State Value Added by economic activity at current basic prices Growth over previous year Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Public Administration and Defence Other Services Tertiary TOTAL NSVA at Basic Prices Net State Domestic Product Per capita NSDP

18 Statement 3.2.0: Net State Value Added by economic activity at constant ( ) basic prices Rs. Lakh Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services 5. Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Public Administration and Defence Other Services Tertiary TOTAL NSVA at Basic Prices Net State Domestic Product Per capita NSDP (In Rupees)

19 Statement 3.2.1: Net State Value Added by economic activity at constant ( ) basic prices Percentage Share Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Public Administration and Defence Other Services Tertiary TOTAL NSVA at Basic Prices

20 Statement 3.2.2: Net State Value Added by economic activity at constant ( ) basic prices Growth over previous year Agriculture, Forestry and Fishing Crops Livestock Forestry and Logging Fishing and Aquaculture Mining and Quarrying Primary Manufacturing Electricity, Gas, Water Supply & Other Utility Services Construction Secondary Trade, Repair, Hotels and Restaurants Trade & Repair Services Hotels & Restaurants Transport, Storage, Communication & Services related to Railways Transport by means other than Railways Road transport Water transport Air transport Services Incidental to Transport Storage Financial Services Real estate, Ownership of Dwelling & Professional Services Public Administration and Defence Other Services Tertiary TOTAL NSVA at Basic Prices Net State Domestic Product Per capita NSDP