The government today estimated that the GDP for FY 2015-16 would be 7.6 per cent, higher than most estimates.
Real GVA, i.e, GVA at basic constant prices (2011-12) is anticipated to increase from Rs 97.27 lakh crore in 2014-15 to Rs 104.38 lakh crore in 2015-16. Anticipated growth of real GVA at basic prices in 2015-16 is 7.3 per cent against 7.1 per cent in 2014-15.
The sectors which are likely to register growth rate of over 7.0 per cent are 'financial, real estate and professional services', ‘trade, hotels, transport, communication and services related to broadcasting', and manufacturing'.
The growth in the ‘agriculture, forestry and fishing', ‘mining and quarrying', ‘electricity, gas, water supply and other utility services', ‘construction' and ‘public administration, defence and other services' is estimated to be 1.1 per cent, 6.9 per cent, 5.9 per cent, 3.7 per cent and 6.9 per cent respectively.