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