What Sector-Wise Data Has Been Used To Compile GDP?

The GDP data for the third quarter of FY 2022 has come in at a disappointing 5.4%. Here is a look at what the sector-wise estimates have been compiled using.

To compile the data indicators like (i) Index of Industrial Production (IIP), (ii) financial performance of Listed Companies in the Private Corporate Sector available upto quarter ending December, 2021 (iii) Second Advance Estimates of crop production, (iv) Production of major livestock products in Rainy season, (v) Accounts of Central & State Governments (vi) Bank Deposits & Credits, (vii) Net Tonne Kilometres and Passenger Kilometres for Railways, (viii) Passengers and Cargo handled by Civil Aviation, (ix) Cargo handled at Major Sea Ports, (x) Sales of Commercial Vehicles, etc., available for first 9/10 months of the financial year. Annual projections for 2021-22 for passengers and cargo handled by civil aviation, cargo handled at major sea ports made available by the concerned agencies were also made use of in compilation of estimates of respective sectors. Extrapolation of some indicators like IIP has been done by making use of the information available for the first 9 months of the current financial year along with necessary modification in the projection technique to account for the pandemic led fluctuations.