Down at 5%: Q1 FY13 GDP

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the first quarter (April-June) Q1 of 2012-13, both at constant (2004-05) and current prices, along with the corresponding quarterly estimates of expenditure components of the GDP.

Quarterly GDP at factor cost at constant (2004-2005) prices for Q1 of 2012-13 is estimated at ` 13,06,276 crore, as against `12,38,738 crore in Q1 of 2011-12, showing a growth rate of 5.5 per cent over the corresponding quarter of previous year.

The economic activities which registered significant growth in Q1 of 2012-13 over Q1 of 2011-12 are ‘construction' at 10.9 per cent,‘financing, insurance, real estate and business services' at 10.8 per cent and ‘community, social and personal services' at 7.9 per cent.