{"id":39662,"date":"2018-01-29T13:48:30","date_gmt":"2018-01-29T13:48:30","guid":{"rendered":"https:\/\/www.edristi.in\/?p=39662"},"modified":"2018-01-29T13:48:30","modified_gmt":"2018-01-29T13:48:30","slug":"first-advance-estimates-national-income-released","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/first-advance-estimates-national-income-released\/","title":{"rendered":"First advance estimates of national income released"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question- Recently according to the &#8216;First Advance Estimates of National Income&#8217; issued by &#8216;Ministry of Statistics and Program Implementation&#8217;, what percentage of India&#8217;s GDP growth rate is estimated to be in the year 2017-18? <\/strong><br \/>\n(a) 6.5 percent<br \/>\n(b) 7.4 percent<br \/>\n(c) 7.2 percent<br \/>\n(d) 7.5 percent<br \/>\n<strong>Answer: (a)<br \/>\nRelated Facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On January 5th, 2018, for the year 2017-18 the first advance estimates of the National Income by the National Statistical Organization (CSO) were released.<\/li>\n<li>It is important that under this &#8216;Ministry of Statistics and Program Implementation&#8217; this organization is a responsible institution for the compilation of national accounts.<\/li>\n<li>In addition, it compiles the Index of Industrial Production, annual survey of industries and organizing economic calculation and Consumer Price Index.<\/li>\n<li>According to the recent estimates of the CSO, GDP growth in the year 2017-18 is down by 0.6 percent from 7.1 percent in the year 2016-17.<\/li>\n<li>Estimated growth of real GVA at the original prices in the year 2017-18 is 6.1 percent compared to 6.6 percent in the year 2016-17.<\/li>\n<li>Sectors that registered more than 7 percent are &#8216;Public administration, defense and other services&#8217;, &#8216;services related to business, hotels, transport, communication and broadcasting&#8217;, &#8216;electricity, gas, water supply and other utility services, and&#8217; financial , Real estate and professional services&#8217;.<\/li>\n<li>In the year 2017-18, the increase in &#8216;agriculture forestry and fishing&#8217;, &#8216;mining and quarrying&#8217;, &#8216;manufacturing and construction&#8217; is estimated at 2.1 percent, 2.9 percent, 4.6 percent and 3.6 percent, respectively.<\/li>\n<li>Whereas in the previous year (2016-17) the growth rate of these sectors is 4.9 percent, 1.8 percent, 7.9 percent and 1.7 percent, respectively.<\/li>\n<li>Thus, due to poor performance of agriculture and manufacturing sector, the growth rate of GDP will be at the lower level of 6.5% in the current year 2017-18.<\/li>\n<li>This will be the lowest growth rate in the current working Central Government.<\/li>\n<li>The increase in per capita income is estimated at 5.3 percent this year (in 2017-18) compared to 5.7 percent for the year 2016-17.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference:<\/strong><br \/>\n<a href=\"http:\/\/pib.gov.in\/PressReleseDetail.aspx?PRID=1515693\" target=\"_blank\" rel=\"noopener\">http:\/\/pib.gov.in\/PressReleseDetail.aspx?PRID=1515693<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question- Recently according to the &#8216;First Advance Estimates of National Income&#8217; issued by &#8216;Ministry of Statistics and Program Implementation&#8217;, what percentage of India&#8217;s GDP growth rate is estimated to be in the year 2017-18? (a) 6.5 percent (b) 7.4 percent (c) 7.2 percent (d) 7.5 percent Answer: (a) Related Facts: On January 5th, 2018, for [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":38710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-39662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/39662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=39662"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/39662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/38710"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=39662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=39662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=39662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}