Friday, June 24, 2011

GROSS STATE DOMESTIC PRODUCT – 2010-11 (UPDATED ADVANCE ESTIMATES) OF ANDHRA PRADESH

The Updated Advance estimates of GSDP for the year 2010-11 at constant (2004-05) prices is prepared based on the 3rd Advance estimates of Agriculture Production, production data on annual estimates for Live stock production furnished by the animal husbandry Department production data on Fisheries furnished by the Fisheries Department actual production data from Minning & Quarrying from Mines & Geology Department ,Index of Industrial Production (IIP),Building construction Index (BCI) , analysis of budget estimates of government expenditure and relevant indicators. The Updated advance estimates at current prices are derived
by estimating the implicit price deflators (IPD) at sectoral level from the relevant price indices.

I. Updated Advance estimates of GSDP-2010-11
Estimates at constant (2004-05) prices:
The GSDP at constant (2004-05) prices for the year 2010-11 is estimated at Rs. 372142 Crore as against 2009-10 (quick estimates) of Rs. 340712 Crore. The growth in GSDP during 2010-11 is estimated at 9.22 percent as compared to the growth rate of 5.79 percent in 2009-10. The sectors viz., Public Administration (17.32), Fishing (14.15), Real Estate, Ownership of Dwellings and Business services (11.76), Transport by other means & Storage (10.85) Mining & Quarrying (10.15), and Construction (9.68) have influenced in registering a higher growth when compared to the previous year. The sector wise compositions of the estimates are detailed below.

1. Agriculture Sector:
The Updated Advance Estimates for the year 2010-11 is estimated at Rs. 80330 Crore as against the quick estimates for the year 2009-10 of Rs. 73633 Crore registering a growth rate of 9.10 percent in GSDP during 2010-11 as against the previous year’s growth rate of 1.09 percent. A higher growth in the production of groundnut and paddy is expected during the current fiscal.. The inland fish products are also expected to rise higher as per the targets for the year 2010-11 furnished by the fisheries department. Hence a higher growth rate in agriculture sector is registered when compared to the previous year.

2. Industry Sector:
The Updated Advance Estimates for the year 2010-11 is estimated at Rs. 92298 Crore as against the quick estimates for the year 2009-10 of Rs. 85107 Crore registering a growth rate of 8.45 percent in GSDP during 2010-11 over previous year’s growth rate of 7.10 percent. The growth in GSDP for Mining & Quarrying and construction during 2010-11 is 10.15 and 9.68 respectively over previous year. The IIP is the key indicator in estimating GSDP of Industry sector which has influenced a higher growth in contribution of Electricity and Manufacturing sectors.

3. Services Sector:
Updated Advance Estimates for the year 2010-11 is estimated at Rs. 199513 Crore as against the quick estimates for the year 2009-10 of Rs. 181972 Crore registering a growth rate of 9.64 percent over previous year’s growth rate of 7.20 percent. The estimated growth in GSDP for the Public Administration, Real estate, Ownership of dwellings and Business services and Transport by other means and storage during 2010-11 is 17.32, 11.76 and 10.85 respectively. The contribution from Public Administration is expected to rise due to the increase in government expenditure on Salaries and wages. The GVO’s of commodity producing sectors
viz., Mining & Quarrying, Agriculture and Fishing have influenced the growth in the sectors of Trade, Hotel and Restaurant and Transport.

Estimates at current prices: 
GSDP at current prices in the year 2010-11 is estimated at Rs. 567636 crore showing a growth of 19.44 percent over the quick estimates of 2009-10 of Rs. 475267 crore. The key indicators of IPD and WPI are used to estimate GSDP at current prices for the year 2010-11.

II. Per Capita Income:
The per capita income at current prices during 2010-11 is estimated at Rs. 60458 as compared to Rs. 51025 during 2009-10 showing a growth of 18.49 percent. The estimated per capita is higher than the All India per capita of Rs. 54835.
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