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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
GDP growth predicted to 4.5 per cent for 2012-13
Feb 01, 2014

The government has declared the expansion of economy by 4.5 per cent in 2012-13, compared with the earlier estimate of 5 per cent, on account of subdued performance in agriculture, mining and manufacturing. Gross domestic product at factor cost at constant (2004-05) prices in 2012-13 is estimated at Rs.54.80 lakh crore as against Rs.52.50 lakh crore in 2011-12, registering a growth of 4.5 per cent during the year as against a growth of 6.7 per cent in the year 2011-12.

However, gross domestic product (GDP) growth in 2011-12 has been revised upwards to 6.7 per cent from 6.2 per cent, according to the estimates of national income, consumption expenditure, saving and capital formation.

The estimates for 2012-13 were released by the Central Statistics Office (CSO) under the Ministry of Statistics and Programme Implementation, along with the second revised estimates for 2011-12 and third revised estimates for 2010-11.

According to the revised estimates for 2012-13, the primary sector, which includes agriculture, fishing, mining and quarrying, grew by one per cent against the earlier estimate of 1.6 per cent.

Growth in the secondary sector, including manufacturing, electricity, gas, water supply and construction, was 1.2 per cent, down from the original estimate of 2.3 per cent.

The 4.5 per cent growth rate in 2012-13 is on account of expansion in financing, insurance, real estate as well as business services (10.9 per cent), transport, storage and communication (6 per cent) and community, social and personal services (5.3 per cent).

At current prices, the gross national income in 2012-13 is estimated at Rs.92.70 lakh crore as compared to Rs.83.10 lakh crore in 2011-12, showing a rise of 11.5 per cent during the year, as against an increase of 16.0 per cent in the previous year.


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