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Industrial Production Trends

Index of Industrial Production- Growth Rates (%)

SECTORS

Weight

1997- 98

1998- 99

1999- 00

2000- 01

2001- 02

2002- 03

2003- 04

2005- 06 *

All Industries

100.00

6.7

4.1

6.7

5.0

2.7

5.7

7.0

8.8

Mining & Quarrying

10.47

6.9

- 0.8

1.0

2.8

1.2

5.8

5.2

3.1

Manufacturing

79.36

6.7

4.4

7.1

5.3

2.9

6.0

7.4

10.0

Electricity

10.17

6.6

6.5

7.3

4.0

3.1

3.2

5.1

3.0

Base: 1993- 94=100; *Quick Estimates for April 2005- 06

Industrial Production- Use Based Growth Rates (%)

SECTORS

Weight

1997- 98

1998- 99

1999- 00

2000- 01

2001- 02

2002- 03

2003- 04

2005- 06 *

1. All Industries

100.00

6.7

4.1

6.7

5.0

2.7

5.7

7.0

8.8

2. Basic Goods

35.57

6.9

1.6

5.5

3.7

2.6

4.9

5.4

5.9

3. Capital Goods

9.26

5.8

12.6

6.9

1.8

- 3.4

10.5

13.6

24.5

4. Intermediates

26.51

8.0

6.1

8.8

4.7

1.5

3.9

6.4

2.3

5. Consumer Goods

28.66

5.5

2.2

5.7

8.0

6.0

7.1

7.1

13.1

 a) Durables

5.36

7.8

5.6

14.1

14.5

11.5

- 6.3

11.6

18.6

 b) Non- Durables

23.30

4.8

1.2

3.2

5.8

4.1

12.0

5.8

11.4

Base: 1993- 94=100; * Quick Estimates for April 2005- 06

Performance in 2004- 05

The Indian economy recorded an impressive broad- based growth of 6.9% in 2004- 05. The growth performance in 2005- 06 has also been quite strong. Industrial Production recorded a growth rate of 8.8% during April 2005 as against 8.9% in April 2004. In fact, the growth in manufacturing, electricity, gas and water supply, construction and trade, hotels, transport and communication sectors has been much stronger so far this year.

This performance should be sustained for the rest of the year with the significant pick up in both investment and credit. With industry and service sectors remaining buoyant, the overall outlook for the Indian economy- one of the fastest growing economies in the world in recent years- continues to be reasonably bright in 2005- 06 and the growth rate is expected to be around 7%.

Revised Estimates of GDP at Factor Cost by Economic Activity (at 1993- 94 prices)

in Rs Crore

Industry

2002- 03

2003- 04

(Quick Estimate)

2004- 05 (Revised Estimate)

Percentage change over previous year

2003- 04

2004- 05

1. agriculture, forestry & fishing

283393

310611

314180

9.6

1.1

2. mining & quarrying

31185

33195

34700

6.4

4.5

3. manufacturing

227642

243400

265712

6.9

9.2

4. electricity, gas & water supply

31659

32827

34624

3.7

5.5

5. construction

69911

74819

78724

7.0

5.2

6. trade, hotels, transport and

 communication

326968

365559

407139

11.8

11.4

7. financing, insurance, real estate & business services

171463

183718

196820

7.1

7.1

8. community, social & personal services

176141

186419

197509

5.8

5.9

GDP at factor cost

1318362

1430548

1529408

8.5

6.9

Revised Estimates of GDP at Factor Cost by Economic Activity (at current prices)

in Rs Crore

Industry

2002- 03

2003- 04

(Quick Estimate)

2004- 05 (Revised Estimate)

Percentage change over previous year

2003- 04

2004- 05

1. agriculture, forestry & fishing

507863

575283

598163

13.3

4.0

2. mining & quarrying

62116

63357

79962

2.0

26.2

3. manufacturing

351824

392919

455789

11.7

16.0

4. electricity, gas & water supply

49883

54113

58039

8.5

7.3

5. construction

139754

155834

174571

11.5

12.0

6. trade, hotels, transport and

 communication

506021

578597

674681

14.3

16.6

7. financing, insurance, real estate & business services

310075

340102

387881

9.7

14.0

8. community, social & personal services

327352

359580

401378

9.8

11.6

GDP at factor cost

2254888

2519785

2830465

11.7

12.3

Revised Estimates of National Income for the year 2004- 05 (at current prices)

Item

2002- 03

2003- 04

(Quick Estimate)

2004- 05 (Revised Estimate)

A. ESTIMATES AT AGGREGATE LEVEL

        

 1. NATIONAL PRODUCT (Rs crore)

       

 1.1 Gross national product (GNP) at

 factor cost

2241722

2505707

(11.8)

2812758

(12.3)

 

 1.2 Net national product (NNP) at factor cost

2008770

2252070

(12.1)

2535627

(12.6)

 

 2. DOMESTIC PRODUCT (Rs crore)

       

2.1 Gross domestic product (GDP) at factor cost

2254888

2519785

(11.7)

2830465

(12.3)

  

2.2 Gross domestic product (GDP) at market prices

2463324

2760025

(12.0)

3105512

(12.5)

  

 2.3 Net domestic product (NDP) at factor cost

2021936

2266148

(12.1)

2553334

(12.7)

 

B. ESTIMATES AT PER CAPITA LEVEL

        

Population (million)

1055

1073

(1.7)

1091

(1.7)

 

Per capita NNP at factor cost (Rs)

19040

20989 (10.2)

23241

(10.7)

 

Note: The figures in parenthesis show the percentage change over previous year

 
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