Nov 28: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the second quarter (July-September) Q2 of 2020-21, both at Constant (2011-12) and Current Prices, along with the corresponding quarterly estimates of expenditure components of the GDP.
GDP at Constant (2011-12) Prices in Q2 of 2020-21 is estimated at ₹ 33.14 lakh crore, as against ₹ 35.84 lakh crore in Q2 of 2019-20, showing a contraction of 7.5 percent as compared to 4.4 percent growth in Q2 2019-20. Quarterly GVA at Basic Prices at Constant (2011-12) Prices for Q2 of 2020-21 is estimated at ₹30.49 lakh crore, as against ₹ 32.78 lakh crore in Q2 of 2019-20, showing a contraction of 7.0 percent.
GDP at Current Prices for Q2 2020-21 is estimated at ₹ 47.22 lakh crore, as against ₹ 49.21 lakh crore in Q2 2019-20, showing a contraction of 4.0 percent as compared to 5.9 percent growth in Q2 2019-20. GVA at Basic Prices at Current Prices in Q2 2020-21 is estimated at ₹42.80 lakh crore, as against ₹44.66 lakh crore in Q2 2019-20, showing a contraction of 4.2 percent.
GDP at Constant (2011-12) Prices for H1 (April-September) 2020-21 is estimated at ₹ 60.04 lakh crore as against ₹ 71.20 lakh crores during the corresponding period of the previous year, showing a contraction of 15.7 percent in H1 2020-21 as against growth of 4.8 percent during the same period last year. GDP at Current Prices for H1 2020-21 is estimated at ₹ 85.30 lakh crore as against ₹ 98.39 lakh crores during the corresponding period of the previous year, showing a contraction of 13.3 percent in H1 2020-21 as against growth of 7.0 percent during the same period last year.
Estimates of GDP along with GVA at Basic Prices by kind of economic activity, Expenditures on GDP at Constant (2011-12) and Current Prices for Q2 2018-19 to 2020-21 and H1 2018-19 to 2020-21, are given in Statements 1 to 8.
The Second quarter estimates are based on First Advance Estimates of agricultural production during Kharif season of 2020-21 obtained from the Department of Agriculture, Cooperation & Farmers’ Welfare, estimates of production of major livestock products viz, Milk, Egg, Meat, and Wool for Livestock Sector obtained from the Department of Animal Husbandry & Dairying and Fish production data from the Department of Fisheries.
Index of Industrial Production (IIP); monthly accounts of Union Government Expenditure maintained by Controller General of Accounts (CGA) and of State Government expenditure maintained by Comptroller and Auditor General of India (CAG) for the period July-September 2020-21 have been used. Performance of key sectors like Transport including Railways, Road, Air and Water Transport, etc., Communication, Banking, and Insurance during the period July-September 2020-21 and the performance of corporate sector during July-September 2020-21 based on data received from BSE/NSE has been taken into account while compiling the estimates.
Percentage change in the main indicators used in the estimation are listed below:
With a view to contain the spread of the Covid-19 pandemic, restrictions were imposed on the economic activities not deemed essential during Q1. Though the restrictions have been gradually lifted, there has been an impact on the economic activities. In these circumstances, some other data sources such as GST, interactions with professional bodies, etc. were also referred to for corroborative evidence and these were clearly limited.
Estimates are, therefore, likely to undergo revisions for the aforesaid causes in due course, as per the release calendar.
The next release of quarterly GDP estimates for the quarter October-December, 2020 (Q3 of 2020- 21) will be on 26.02.2021.
Statement 1: Quarterly Estimates of GVA at Basic Prices in Q2 (July-September) of 2020-21 (at 2011-12 Prices)
(₹incrore)
Statement 2: Quarterly Estimates of Expenditures on GDP in Q2 (July-September) of 2020-21 (at 2011-12 Prices)
(₹incrore)
Statement 3: Quarterly Estimates of GVA at Basic Prices in Q2 (July-September) of 2020-21 (at Current Prices)
(₹incrore)
Statement 4: Quarterly Estimates of Expenditures on GDP in Q2 (July-September) of 2020-21 (at Current Prices)
(₹incrore)
Statement 5: Estimates of GVA at Basic Prices in H1 (April-September) of 2020-21 (at 2011-12 Prices) (₹ in crore)
Statement 6: Estimates of Expenditures on GDP in H1 (April-September) of 2020-21 (at 2011-12 Prices) (₹ in crore)
Statement 7: Estimates of GVA at Basic Prices in H1 (April-September) of 2020-21 (at Current Prices) (₹incrore)
Statement 8: Estimates of Expenditures on GDP in H1 (April-September) of 2020-21 (at Current Prices) (₹incrore)
