macroeconomics basic

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Rs in Crores

Year

GDP at

Factor

Cost

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 and GDP at Market Price

29714643389621

3952241

4581422

5282086

6133230

7306990

3242209

3692485

4293672

4986426

5582623

6550271

7875627

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

8000000

9000000

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

GDP at Factor Cost & GDP at market price

GDP at Factor Cost GDP at Market Prices

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( ` crore)2004-05 2005-06 2006-07 2007-08@ 2008-09*

2 3 4 5 6

517,651 591,665 659,926 755,275 828,137 

432,276 492,761 547,834 638,025 703,925 

61,437 71,988 81,119 83,229 87,612 

23,937 26,916 30,973 34,021 36,600 

2. Mining & quarrying 70,927 77,703 88,568 102,490 107,211 

3. Manufacturing 354,196 407,596 502,490 579,732 638,268 

213,269 253,617 321,052 369,345 411,121 

140,927 153,979 181,437 210,387 227,147 

4. Electricity, gas & water supply 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 

7. Transport, storage & communication 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 

8. Financing, insurance, real estate &

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 

9. Community, social & personal services 374,487 419,566 458,870 519,539 650,605 

 Industry

3.2 Unregistered

6.1 Trade

business services

7.1 Railways

1. Agriculture, forestry & fishing

1.1 Agriculture

7.3 Storage

7.4 Communication

8.1 Banking & insurance

8.2 Real estate, ownership of dwellings &

GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY

NOMINAL GDP SECTOR WISE

7.2 Transport by other means

1

3.1 Registered

(AT CURRENT PRICES)

6.2 Hotels & restaurants

1.2 Forestry & logging

1.3 Fishing

business services

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(` crore)

2004-05 2005-06 2006-07 2007-08@ 2008-09*

2 3 4 5 6

1. Agriculture, forestry & fishing 517,651 543,418 562,316 588,760 595,017 

432,276 455,587 472,164 495,885 498,744 

61,437 62,692 64,544 65,975 67,888 

23,937 25,139 25,609 26,900 28,384 

2. Mining & quarrying 70,927 70,213 75,825 76,991 76,657 

3. Manufacturing 354,196 387,462 448,961 494,020 501,641 

213,269 237,465 281,076 306,674 312,205 

140,927 149,997 167,885 187,346 189,436 

4. Electricity, gas & water supply 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 

7. Transport, storage & communication 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 8. Financing, insurance, real estate &

business services 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 

150,398 155,064 154,839 165,998 208,401 

224 089 247 170 255 380 269 862 291 069

REAL GDP SECTOR WISE

1

 Industry

(AT 2004-05 PRICES)

GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY SECTOR WISE

7.3 Storage

8.2 Real estate, ownership of dwellings &

1.3 Fishing

3.1 Registered

8.1 Banking & insurance

9.1 Public administration & defence

7.2 Transport by other means

3.2 Unregistered

6.1 Trade

6.2 Hotels & restaurants

business services

7.4 Communication

9 2 Other services

1.1 Agriculture

1.2 Forestry & logging

7.1 Railways

9. Community, social & personal

services

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Year Nominal GDP Real GDP GDP Defletor

2004-05 2646370 2646370 100

2005-06 3032585 2897156 105

2006-07 3516950 3176860 111

2007-08 4051769 3467041 117

2008-09 4653420 3688991 126

Nominal GDP and Real GDP

2646370

3032585

3516950

4051769

4653420

26463702897156

31768603467041 3688991

0

500000

1000000

1500000

2000000

2500000

3000000

3500000

4000000

4500000

5000000

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

Nominal GDP

Real GDP

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Year Nominal GDP Real GDP

GDP Defletor (NominalGDP/Real GDP)x100

2004-05 2646370 2646370 100

2005-06 3032585 2897156 105

2006-07 3516950 3176860 111

2007-08 4051769 3467041 117

2008-09 4653420 3688991 126

GDP Deflator

100105

111117

126

0

20

40

60

80

100

120

140

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

GDP Defletor

GDP Defletor

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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 YearAmount in Rs

Year Price of Idli sambhar Price of Samosas2007

2008

2009

2010

Step-3 : Cost of the Basket of goods in each year

2007 ( 12 Per Plate of idli sambhar * 3 Plates of Idli sambhar) + ( 3 Per samosa * * 4 samosas ) = 48 Per Basket

2008 ( 15 Per Plate of idli sambhar * 3 Plates of Idli sambhar) + ( 4 per samosa * 4 samosas ) = 61 Per Basket

2009 ( 17 Per Plate of Idli sambhar * 3 Plates of idli sambhar) + ( 6 per samosa * 4 samosas ) = 75 Per Basket

2010 ( 20 Per Plate of Idli sambhar * 3 Plates of idli sambhar) + ( 8 per samosa * 4 samosas ) = 92 Per Basket

12

15

17

20

3

4

6

8

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

CPI

100.00 Consumer Price Index = Price Of Basket of Goods and Services * 100

127.08 Price of Basket in Base Year

156.25

191.67

Inf lation Rate in Year 2 = CPI in Year 2 - CPI in Year 1 * 100

CPI in Year 1

Step-5 : Compute the Inflation Rate From Previous Year

Year

2008

2009

2010

27.08

29.17

35.42

Cost of Base

Year

2007

2008

2009

2010

61

75

92

Percentage

Year Cost of Each Year

48 48

48

48

48

100.00

127.08

156.25

191.67

0.00

50.00

100.00

150.00

200.00

250.00

2007 2008 2009 2010

CPI