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The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the First Advance Estimates of National Income at Constant (2011-12) and Current Prices, for the financial year 2018-19. The advance estimates shows India's GDP would grow 7.2% in 2018-19, showing acceleration from 6.7% growth in 2017-18

Real GVA, i.e, GVA at Basic Constant Prices (2011-12) is anticipated to increase 7.0% in 2018-19 up from 6.5% growth in 2017-18.

The sectors which registered growth rate of over 7.0% are, 'Electricity, Gas, Water Supply and Other Utility Services', 'Construction', 'Manufacturing', 'Public Administration, Defence and Other Services'. The growth in the 'Trade, Hotels, Transport, Communication and Services related to Broadcasting', 'Financial, Real Estate and Professional Services', 'Agriculture, Forestry and Fishing' and 'Mining and Quarrying', is estimated to be 6.9%, 6.8%, 3.8% and 0.8% respectively.

GVA at Basic Prices for 2018-19 from 'Agriculture, Forestry and Fishing' sector is estimated to grow by 3.8% as compared to growth of 3.4% in 2017-18. According to the information furnished by the Department of Agriculture, Cooperation & Farmers Welfare (DAC& FW), the production of food grains during the Kharif season of agriculture year 2018-19 was 141.59 million tonnes as compared to 140.73 million tonnes during the same period in 2017-18.

GVA at Basic Prices for 2018-19 from 'Mining and Quarrying' sector is estimated to grow by 0.8% as compared to growth of 2.9% in 2017-18. The key indicators of Mining sector, namely, production of Coal, Crude Oil and Natural Gas registered growth rates of 9.0%, (-) 3.6% and (-) 0.7% respectively during April-November 2018-19. Annual forecast of production estimated in respect of these items have been used to extrapolate the Provisional Estimates of value of output of Coal, Crude Petroleum, and other major and minor Minerals, respectively. IIP of Mining registered growth rate of 3.8% during April-October, 2018-19. The Advance Estimate of IIP of Mining compiled for the current year has been used for compilation. The Private Corporate sector growth in the Mining sector for 2018-19 is estimated using the information available on the performance of major Listed Companies during the first half of financial year 2018-19.

GVA at Basic Prices for 2018-19 from 'Manufacturing' sector is estimated to grow by 8.3% as compared to growth of 5.7% in 2017-18. IIP Manufacturing registered growth of 5.6% during April-October 2018-19. The Wholesale Price Index (WPI), in respect of the manufactured products registered a growth of 4.1% during April-November,2018-19.

GVA at Basic Prices for 2018-19 from 'Electricity, Gas, Water Supply and Other Utility Services' sector is expected to grow by 9.4% as compared to growth of 7.2% in 2017-18. Advance Estimate of IIP of Electricity compiled for 2018-19 has been used for compilation. IIP of Electricity registered a growth rate of 6.8% during April-October 2018-19.

GVA at Basic Prices for 2018-19 from 'Construction' sector is expected to grow by 8.9% as compared to growth of 5.7% in 2017-18. Key indicators of Construction sector, namely, Production of Cement and Consumption of Finished Steel registered growth rates of 14.2% and 8.2%respectively during April-November 2018-19.

The estimated growth in GVA for the Trade, Hotels, Transport and Communication and Services related to Broadcasting services during 2018-19 is placed at 6.9% as against growth of 8.0% in the previous year. Among the Other Services sectors, the key indicators of Railways, namely, the Net Tonne Kilometres and Passenger Kilometres have shown growth rate of 7.4% and 0.5% respectively during April-November 2018-19. Among the other service sectors, Cargo handled at major Sea Ports, Cargo handled by the Civil Aviation, Passangers handled by the Civil Aviation and Sales of Commercial Vehicles registered a growth of 4.8%, 4.3%, 15.06% and 31.5% respectively during April-November, 2018-19.

The estimated growth in GVA for this sector during 2018-19 is placed at 6.8% as compared to growth of 6.6% in 2017-18.The key indicators of this sector are the growth of Corporate Sector for Real Estate sector and Computer related activities which are estimated using latest available information on Listed Companies for the first half of financial year 2018-19. Aggregate Bank Deposits and Bank Credits have shown growth rates of 9.0% and 14.6% respectively as on October 2018.

GVA at Basic Prices for 2018-19 from this sector is expected to grow by 8.9% as compared to growth of 10.0% in 2017-18. The key indicator of this sector namely, Union Government Expenditure, Net of Interest Payments and Subsidies grew by 9.7% during April-November 2018-19.

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