Abhishek Srivastava is teaching live on Unacademy Plus
Economic Survey 2017-18
An Overview of India's Economic Performance in 2017-18 GDP growth II
ABHISHEK SRIVASTAVA . Category leader at Unacademy . Top educator with more than 2 mn views . Appeared in UPSC CSE Mains twice . Qualified SSC CGL, IBPS PO, IIT JEE . Appeared in RBI Grade B Mains . Courses: o Editorial analysis- Oct,Nov & Dec'17 o News Analysis- Nov & Oct'17 o Crash courses . Polity, Modern, Ancient & Medieval History o Ncert Class VI History Summary o Delhi Sultanate o Essay writing https://unacademy.com/userlabhishek6077 F@abhishek6077
VOL.II Chapter 1: An Overview of India's Economic Performance in 2017-18 1. GDP growth in 2017-18 2. GDP and its Components 3. Savings and Investment 4. Public Finance 5. Prices and Monetary Management 6. External Sector 7. Prospects of Growth for 2018-19 8. Sectoral Developments 9. Sustainable Development, Energy and Climate Change
P accumulated prowth, in percent, const GDP growth in 2017-18 1. Statistical data discussion (last lesson) 2. GVA growth of major sectors 3. Quarter wise G VA growth 4. Per capita income
GVA arowth of maior sectors 2016-17 The agriculture sector registered significantly higher growth irn Food grains would be 275.7 million tonnes with both cereals and pulses achieving record levels of production. Reason:normal monsoon Public administration, defence & other services' sector also registered double-digit growth Reason: Seventh Pay Commission >-growth of industry sector declined by over 3% 1st half of the2nd half of the year 6.0 5.8 YEAR 2017-18 year 7.0 6.4 REAL GDP 6.5 GDP REAL GVA GVA The implicit growth of GVA for H2 of 2017-18 is estimated to be 6.4 per cent. The implicit growth in H2 of all three major sectors of the economy viz. agriculture & allied, industries, and services sectors being 2.2 per cent, 5.1 per cent and 8.7 percent respectively is better than H1 of 2017-18
Half-yearly growth in G VA at (2011-12) basic prices 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 2.0 -4.0 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 2014-15 2017-18 2013-14 2015-16 2016-17 Indust -Manufacturing - Services Agriculture & allied
Trade, transport, hotels, storage, communications and services relating to broadcasting', which is a part of services sector is the only sector that is likely to register a decline in growth in H2 vis- -vis H1 of 2017-18 Services (excluding public administration, defence, etc.) accounted for nearly 57 percent of the total GVA growth between 2012-13 and 2015-16 It declined to 41 per cent in 2016-17,mainly on account of lower growth in 'Financial real estate & professional services' sector. Contribution of 'Public administration, defence & other services' declined somewhat in as the growth of this sector decelerated. The contribution of industry sector to GVA growth declined in 2017-18, primarily on account of lower growth in this sector in H1 and particularly in Q1.
Quarter wise GVA growth GVA growth of manufacturing sector declined in each of the successive quarters from Q4 of 2015-16 (barring third quarter (Q3) of 2016-17) til Q1 of 2017-18,when it reached 1.2 per cent. It recovered sharply to 7.0 per cent in Q2 of 2017-18 Reason: slowdown in credit growth. ( This decline may be due to lower demand for credit or greater recognition of the problem of non-performing assets (NPAs) that might have led the banks to become more cautious on lending. Although, the value added in construction sector contracted ,recovered in the subsequent quarters. The growth of Trade,transport, storage, communications etc.' sector was low, at 6.5 per cent in Q4 of 2016-17, partly due to high base effect (12.8 percent in Q4 of 2015-16) Growth of services sector, which had declined in Q3 picked up slightly in Q4, primarily due to 17 per cent growth in real terms in Public administration, defence & other services' sector There has been some recovery in the services growth in the on the strength of higher growth in 'Financial services, real estate & professional services' and Trade, hotels,transport, communication & broadcasting services' sector.
Table 2: Quarter wise real GVA and GDP growth (per cent) 2017-18 01 Q2 5.6 2.3 1.6 1.2 8.7 7.1 5.7 GVA at basic prices gricultue&allid Q1 02 Q3 7.6 25 6.8 5.6 6.1 6.9 6.2 8.2 6.9 7.0 52 5.9 f, Manufcturing Services GDP at market prices 10.7 90 7.9 1.5
Mon | 05:51 PM Reviews & Ratings Thank You Vishnu Choure Thank you for the course, we really need it. Please keep doing this great work, I am really fond of your teaching, plain and simple Thank You, Abhishek sir Keep Learning!! Harshita Simple and crisp explanation of the editorial in short time span. Lots of thanks to Abhishek Sir for bringing this course. Time saving and effective. Thanks for all your amazing courses be it crash course in mih, ancient or mediaeval history. TArnika Negi very very useful please continue it.. thanks a lot Darshan Mp loving w,.hank you....kxepr poig