Achhe Din can wait: GDP growth projection down to 7.1 % for 2016-17

The increase rate of per capita income is estimated at 5.6 per cent during 2016-17, when compared to 6.2 per cent recorded during the previous year.

Achhe Din can wait: GDP growth projection down to 7.1 % for 2016-17

The GDP Growth of the country during 2016-17 has been estimated at 7.1%, as compared to 7.6% in 2015-16.

Chief Statistician Dr.T.C.A.Anant, while releasing the First Advance estimates of GDP of 2016 said, expected growth of real Gross Value Added(GVA) at basic prices in 2016-17 is 7.0%, against 7.2% during last year.

The increase rate of per capita income is estimated at 5.6 per cent during 2016-17, when compared to 6.2 per cent recorded during the previous year.

Four sectors--'public administration, defence and other services’, 'financial, real estate and professional services' and ‘manufacturing’-- witnessed a growth rate above 7.0 percent.

It noted that growth in 'agriculture, forestry and fishing’, ‘mining and quarrying’, ‘electricity, gas, water supply and other utility services’, ‘construction’ and ‘Trade, hotels, transport, communication and services related to broadcasting’  will be 4.1 per cent, (-)1.8 per cent, 6.5 percent, 2.9 per cent and 6.0 percent respectively.