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GDP at Factor Cost and GDP at Market Price

Rs in Crores
GDP at
Factor
Cost

Year

GDP at
Market
Prices

2004-05

2971464

3242209

2005-06

3389621

3692485

2006-07

3952241

4293672

2007-08

4581422

4986426

2008-09

5282086

5582623

2009-10

6133230

6550271

2010-11

7306990

7875627

GDP at Factor Cost & GDP at market price
9000000
7875627

8000000
7306990

7000000

6550271
6133230

6000000

5582623
4986426

5000000
4000000
3000000

2971464 3242209

3389621

3692485

3952241

4293672

5282086

4581422

2000000
1000000
0

2004-05

2005-06

2006-07
GDP at Factor Cost

2007-08

2008-09

GDP at Market Prices

2009-10

2010-11

NOMINAL GDP SECTOR WISE
GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY
(AT CURRENT PRICES)
Industry
1

2004-05

2005-06

2006-07

2007-08@

( ` crore)
2008-09*

2
517,651

3
591,665

4
659,926

5
755,275

6
828,137

432,276

492,761

547,834

638,025

703,925

1.2 Forestry & logging

61,437

71,988

81,119

83,229

87,612

1.3 Fishing

23,937

26,916

30,973

34,021

36,600

70,927

77,703

88,568

102,490

107,211

354,196

407,596

502,490

579,732

638,268

3.1 Registered

213,269

253,617

321,052

369,345

411,121

3.2 Unregistered

140,927

153,979

181,437

210,387

227,147

25,393

26,352

27,603

26,011

21,738

5. Construction

220,980

262,632

308,719

364,441

429,084

6. Trade, hotels & restaurants

465,091

551,086

651,762

746,254

846,334

424,848

501,046

590,739

674,327

772,095

40,242

50,040

61,024

71,927

74,239

220,981

246,549

284,330

322,619

366,018

21,698

22,645

28,493

34,141

36,552

156,151

176,901

204,705

230,152

262,813

1,852

1,998

2,354

2,555

3,065

41,281

45,005

48,777

55,771

63,587

396,665

449,436

534,680

635,408

766,026

167,769

180,471

213,215

246,813

294,701

228,896

268,964

321,465

388,595

471,325

374,487

419,566

458,870

519,539

650,605

9.1 Public administration & defence

150,398

161,904

172,499

196,408

269,007

9.2 Other services

224,089

257,662

286,371

323,131

381,598

2,646,370

3,032,585

3,516,950

4,051,769

4,653,420

1. Agriculture, forestry & fishing
1.1 Agriculture

2. Mining & quarrying
3. Manufacturing

4. Electricity, gas & water supply

6.1 Trade
6.2 Hotels & restaurants
7. Transport, storage & communication
7.1 Railways
7.2 Transport by other means
7.3 Storage
7.4 Communication
8. Financing, insurance, real estate &
business services
8.1 Banking & insurance
8.2 Real estate, ownership of dwellings &
business services
9. Community, social & personal services

10. Total net domestic product at factor cost

TOTAL

2,646,370

3032585

3516950

4051769

4653420

Source : Central Statistics Office
@ provisional estimates
* quick estimates

REAL GDP SECTOR WISE
GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY SECTOR WISE
(AT 2004-05 PRICES)
(` crore)
Industry
1

2004-05
2

2005-06
3

2006-07
4

2007-08@
5

2008-09*
6

517,651

543,418

562,316

588,760

595,017

432,276

455,587

472,164

495,885

498,744

1.2 Forestry & logging

61,437

62,692

64,544

65,975

67,888

1.3 Fishing

23,937

25,139

25,609

26,900

28,384

70,927

70,213

75,825

76,991

76,657

354,196

387,462

448,961

494,020

501,641

3.1 Registered

213,269

237,465

281,076

306,674

312,205

3.2 Unregistered

140,927

149,997

167,885

187,346

189,436

25,393

26,739

28,617

30,330

30,224

5. Construction

220,980

248,011

273,091

298,870

314,940

6. Trade, hotels & restaurants

465,091

522,166

580,168

634,970

667,623

424,848

474,643

525,618

573,518

608,971

40,242

47,523

54,549

61,451

58,653

220,981

247,968

280,811

320,349

356,956

21,698

23,659

26,558

30,037

32,753

156,151

170,537

185,399

199,799

210,481

1,852

1,928

2,115

2,199

2,449

41,281

51,844

66,739

88,313

111,273

396,665

448,945

516,852

586,892

646,463

167,769

194,850

236,431

276,621

315,310

228,896

254,096

280,421

310,271

331,153

374,487

402,234

410,219

435,860

499,470

9.1 Public administration & defence

150,398

155,064

154,839

165,998

208,401

9.2 Other services

224,089

247,170

255,380

269,862

291,069

2,646,370

2,897,156

3,176,860

3,467,041

3,688,991

1. Agriculture, forestry & fishing
1.1 Agriculture

2. Mining & quarrying
3. Manufacturing

4. Electricity, gas & water supply

6.1 Trade
6.2 Hotels & restaurants
7. Transport, storage & communication
7.1 Railways
7.2 Transport by other means
7.3 Storage
7.4 Communication
8. Financing, insurance, real estate &
business services
8.1 Banking & insurance
8.2 Real estate, ownership of dwellings &
business services
9. Community, social & personal
services

Total

Source : Central Statistics Office

Nominal GDP and Real GDP
Year
2004-05
2005-06
2006-07
2007-08
2008-09

Nominal GDP
2646370
3032585
3516950
4051769
4653420

Real GDP
2646370
2897156
3176860
3467041
3688991

GDP Defletor
100
105
111
117
126

5000000

4653420

4500000

4051769

4000000

3516950

3500000

3032585
3000000
2500000

2646370

2897156

3176860

3467041

3688991
Nominal GDP

2646370

Real GDP

2000000
1500000
1000000
500000
0

2004-05

2005-06

2006-07

2007-08

2008-09

GDP Deflator

Year
2004-05
2005-06
2006-07
2007-08
2008-09

Nominal GDP
2646370
3032585
3516950
4051769
4653420

GDP Defletor (Nominal
GDP/Real GDP)x100
100
105
111
117
126

Real GDP
2646370
2897156
3176860
3467041
3688991

GDP Defletor
140
120
100

100

105

111

117

126

80
GDP Defletor
60
40
20

0
2004-05

2005-06

2006-07

2007-08

2008-09

Calculating the Consumer Price Index and Inflation Rate
Step-1 : To Determine a Fixed Basket of Goods
Basket = 3 Plates of Idli sambhar, 4 Samosas

Step-2 : Price of Each Good in Each Year
Amount in Rs

Year
2007
2008
2009
2010

Price of Idli sambhar
12
15
17
20

Price of Samosas
3
4
6
8

Step-3 : Cost of the Basket of goods in each year
2007
2008
2009
2010

( 12 Per Plate of idli sambhar * 3 Plates of Idli sambhar) + ( 3 Per samosa * 4*samosas
4 samosas
) = )48
= Per
48 Per
Basket
Basket
( 15 Per Plate of idli sambhar * 3 Plates of Idli sambhar) + ( 4 per samosa * 4 samosas ) = 61 Per Basket
( 17 Per Plate of Idli sambhar * 3 Plates of idli sambhar) + ( 6 per samosa * 4 samosas ) = 75 Per Basket
( 20 Per Plate of Idli sambhar * 3 Plates of idli sambhar) + ( 8 per samosa * 4 samosas ) = 92 Per Basket

Step- 4 : Choose One Year as a Base Year ( 2007) and Compute the Consumer rice Index in each year

Year

Cost of Each Year

2007
2008
2009
2010

48
61
75
92

Cost of Base
Year
CPI
48
48
48
48

Consumer Price Index = Price Of Basket of Goods and Services
Price of Basket in Base Year

100.00
127.08
156.25
191.67

Inflation Rate in Year 2 = CPI in Year 2 - CPI in Year 1
CPI in Year 1

* 100

* 100

Step-5 : Compute the Inflation Rate From Previous Year
Year
2008
2009
2010

Percentage
27.08
29.17
35.42

250.00

200.00

191.67

150.00

156.25
127.08

100.00

CPI

100.00

50.00

0.00

2007

2008

2009

2010