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India's GDP growth in 2011-12 has been the lowest in nine years. The Indian economy is estimated to grow by 6.9 per cent in 2011-12, after having grown at the rate of 8.4 per cent in each of the two preceding years.
At sectoral level, growth is estimated to be 2.5 per cent for 2011-12 for agriculture and allied sectors, a little lower than expected. However, this has to be seen in light of the high growth of 7 per cent achieved in 2010-11, says the Economic Survey report.
While agriculture constituted about 53.1 per cent of the GDP in 1950-52, it has fallen considerably to 13.9 per cent in 2011-12. However, service sector which was 16.6 per cent of the GDP has grown to 27 per cent.
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Quarterly growth | Q1 | Q2 | Q3 |
FY11 | 3.1 | 4.9 | 11.0 |
FY12 | 3.2 | 3.9 | 2.7 |
(Q1: April to June, Q2: July to September, Q3: October to December)
Mining and Quarrying
(Quarterly growth rate for first three quarters (per cent)
Quarterly growth | Q1 | Q2 | Q3 |
FY12 | 8.3 | 5.7 | 7.6 |
FY11 | 5.1 | 3.2 | 2.6 |
Manufacturing
Quarterly growth rate for first three quarters (per cent)
Quarterly growth | Q1 | Q2 | Q3 |
FY11 | 9.1 | 6.1 | 7.8 |
FY12 | 7.2 | 2.7 | 0.4 |
Electricity, gas and water supply
Quarterly growth rate for first three quarters (per cent)
Quarterly growth | Q1 | Q2 | Q3 |
FY11 | 2.9 | 0.3 | 3.8 |
FY12 | 7.9 | 9.8 | 9.0 |
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Construction
Quarterly growth rate for first three quarters (per cent)
Quarterly growth | Q1 | Q2 | Q3 |
FY11 | 8.4 | 6.0 | 8.7 |
FY12 | 1.2 | 4.3 | 7.2 |
Trade, hotels, transport & communication
Quarterly growth rate for first three quarters (per cent)
Quarterly growth | Q1 | Q2 | Q3 |
FY11 | 12.7 | 10.8 | 9.8 |
FY12 | 12.8 | 9.9 | 9.2 |
Financing, insurance, real estate & business services
Quarterly growth rate for first three quarters (per cent)
Quarterly growth | Q1 | Q2 | Q3 |
FY11 | 10.0 | 10.4 | 11.2 |
FY12 | 9.1 | 10.5 | 9.0 |
Community, social and personal services
Quarterly growth rate for first three quarters (per cent)
Quarterly growth | Q1 | Q2 | Q3 |
FY11 | 4.4 | 4.5 | -0.1 |
FY12 | 5.6 | 6.6 | 7.9 |
Services
Quarterly growth rate for first three quarters (per cent)
Quarterly growth | Q1 | Q2 | Q3 |
FY11 | 10.0 | 9.1 | 7.7 |
FY12 | 10.0 | 9.3 | 8.9 |