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Estimates of State Domestic Product 2003-04(Provisional)

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Estimates of State Domestic Product 2003-04(Provisional) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI ESTIMATES OF STATE DOMESTIC PRODUCT 2003-04 (Provisional) & 2004-05 (Quick) (BASE YEAR: 1993-94) DIRECTORATE OF ECONOMICS & STATISTICS ROOM No.148, OLD SECRETARIAT, DELHI-110054. GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI ESTIMATES OF STATE DOMESTIC PRODUCT 2003-04 (Provisional) & 2004-05 (Quick) (BASE YEAR: 1993-94) DIRECTORATE OF ECONOMICS & STATISTICS ROOM NO.148, OLD SECRETARIAT, DELHI-110054 Tel:23890183, Fax:23890362, E-Mail: [email protected] Visit our website www.des.delhigovt.nic.in PREFACE The Estimates of State Domestic Product representing the value of all goods and services produced within the State is one of the important indictor used to measure the growth of the State’s Economy in a nutshell. The Directorate of Economics & Statistics has been bringing out estimates of State Domestic Product since 1970, and making them up to date from time to time as per the guidelines and methodology provided by the National Accounts Division, Central Statistical Organisation, M/o Statistics and Programme Implementation, Govt. of India. This issue presents current series of Estimates of Gross/Net State Domestic Product of Delhi from 1993-94 to 2003-04 as well as Quick Estimates for 2004-05 at current and constant prices with the base year 1993- 94. The estimates and the report has been prepared by Smt. Sharda Tiwari, Research Officer, Sh. Bal Krishna, Statistical Assistant, Sh. Vikas Garg, Statistical Investigator under the supervision of Sh. Jitendra Singh, Statistical Officer. Dr. R.N. Sharma, Deputy Director, provided the guidance on key issues. The extra efforts put in by Sh. Bal Krishna, Statistical Assistant and Smt. K. Madhu Lata, Stenographer in the data collection/scrutiny and computer applications in the process of report making deserves special mention. The cooperation extended by various departments and organizations functioning in the National Capital Territory of Delhi, in the preparation of these estimates by providing required data is gratefully acknowledged. I hope that policy makers and research scholars may find this publication useful in the study of economic growth of Delhi State. Suggestions if any, for improvement of the coverage and contents of this brochure, are welcome. DELHI Dr. B.K. Sharma June, 2006 Director I N D E X S.No. CONTENTS PAGE 1 Introduction 1 2 Sectoral Composition 2 3 Gross State Domestic Product 4 4 Net State Domestic Product/ State Income 5 5 Per Capita Income ( Delhi Vs All India) 6 6 Agriculture and Allied Activites 7 7 Mining & Quarrying 8 8 Manufacturing ( Registered & Un-registered) 9 9 Electricity, Gas and Water Supply 10 10 Construction 11 11 Trade, Hotels & Restaurants 12 12 Transport, Storage & Communciation 13 13 Financial, Insurance, Real Estate & Business Services 14 14 Community, Social and Personal Services 15 Statistical Tables 1. Comparative Statement of Delhi Vs All India 16 2. Gross State Domestic Product by Economic Activity at Current Prices 17 3. Percentage change in GSDP over previous year at Current Prices 18 4. Percentage Distribution of GSDP by Economic Activity at Current 19 Prices 5. Gross State Domestic Product by Economic Activity at Constant 20 (1993-94) Prices 6. Percentage change in GSDP over previous year at Constant (1993-94) 21 Prices 7. Percentage Distribution of GSDP by Economic Activity at Constant 22 (1993-94) Prices 8. Net State Domestic Product by Economic Activity at Current Prices 23 9. Percentage change in NSDP over previous year at Current Prices 24 10. Percentage Distribution of NSDP by Economic Activity at Current 25 Prices 11. Net State Domestic Product by Economic Activity at Constant (1993- 26 94) Prices 12. Percentage change in NSDP over previous year at Constant (1993-94) 27 Prices 13. Percentage Distribution of NSDP by Economic Activity at Constant 28 (1993-94) Prices 14 Per Capita Income of States, Union Territorties and All India at 29 Current Prices 15 Per Capita Income of States, Union Territorties and All India at 30 Constant (1993-94) Prices OFFICIALS ASSOCIATED WITH THE PREPARATION OF THE REPORT 1. DR. R.N. SHARMA : DEPUTY DIRECTOR 2. SH. JITENDRA SINGH : STATISTICAL OFFICER 3. SH. UMESH SHARMA : RESEARCH OFFICER 4. SH. K.S. BANSAL : PROGRAMMER 5. SH. BAL KRISHNA : STATISTICAL ASSISTANT 6. SMT. SHARDA TIWARI : STATISTICAL ASSISTANT 7. SH. VIKAS GARG : STATISTICAL INVESTIGATOR 8. SH. BHARAT SAH : JR. GESTETNOR OPERATOR *********** STATE DOMESTIC PRODUCT (BASE YEAR 1993-94) 1. INTRODUCTION tate Domestic Product is a measure in monetary terms of the volume of all goods and S services produced by an economy during a given period of time accounted without duplication. The measure obviously has to be in value terms as the different units of production and different measures of services are not directly additive. The estimates of State Domestic Product (SDP), of the National Capital Territory of Delhi, are prepared at current and constant prices by the Directorate of Economics & Statistics, Delhi. The estimates of SDP at current prices are obtained by evaluating the product at current prices prevailing during the year. The estimates of SDP at current prices, over the time do not reveal actual economic growth because these contain the combined effect of (i) the changes in volume of goods and services and (ii) the changes in the prices of goods and services. In order to eliminate the effect of price changes/inflation, the estimates of SDP are also prepared by evaluating the goods and services at the prices prevailing in the fixed year known as base year and are called the estimates of State Domestic Product at constant prices. The estimates of State Domestic Product are prepared for all the sectors of economy both in terms of Gross and Net basis. The difference between the two is that in the gross estimates, no deduction is made for Consumption of Fixed Capital (CFC) which takes place in the process of production, whereas for the net estimates, CFC is subtracted from the gross value figures. Net State Domestic Product is also called State Income. Again, capital is one of the primary factors used in production and this results in the consumption of the fixed capital and hence, a reduction in the economic life of the capital. In other words, the capital depreciates as a result of its use in the process of production. The CFC measures the replacement value of that part of the capital stock, which has been used up in the production process during the year. Various approaches adopted to compute the estimates of State Domestic Product are defined briefly hereunder. The production approach is adopted for Agriculture, Livestock, Forestry, Fishing, Mining & Quarrying and Manufacturing (Regd.). In this approach, output of the relevant activities is evaluated by their basic/wholesale prices and inputs are deducted from respective outputs to arrive at estimates of gross value added from these activities. The expenditure approach is followed only for Construction activity in the secondary sector. Estimates of basic material inputs in pucca construction work are prepared by adding together the value of commodities for construction at prices paid by builders at the site of construction following the commodities flow approach. Capital expenditure is taken into account from the budget documents/annual reports in the case of the public sector for both pucca & kutcha construction work. For household sector component of kutcha construction is estimated on the basis of All India Debt & Investment Survey (AIDIS) results. The income approach is mainly adopted for the remaining economic activities namely, Manufacturing (Un-registered), Electricity, Gas and Water Supply as well as the entire tertiary sector comprising Trade, Hotel & Restaurants, Transport, Storage, Communication, Financial, Insurance, Real Estate, Business Services, Public Administration including Defence and Other Services. This approach differentiates between two categories, public and private. In the public sector, income is computed by analyzing the budget documents according to economic and purpose categories. To estimate contribution of workers in the private sector, value added per worker per annum is multiplied by the relevant work force. Under the present series, the estimates of Gross/Net State Domestic Product at current and constant prices with base year 1993-94 have been prepared from 1993-94 to 2003-04 on the basis of latest available data. Whereas Quick Estimates for 2004-05 have been projected by using time series extrapolation techniques as well as national trends. 2. SECTORAL COMPOSITION Percentage Distribution of GSDP The analysis of sectoral growth in At Current Prices Gross State Domestic Product (GSDP) at Primary Secondary Tertiary current prices reveals that Primary Sector Year Sector Sector Sector comprising of Agriculture, Live Stock, 1993-94 3.85 25.20 70.95 Forestry, Fishing, Mining & Quarrying and also the Secondary Sector comprising of 1994-95 1.85 27.24 70.91 Manufacturing, Electricity, Gas, Water 1995-96 1.41 21.33 77.26 Supply and Construction, is on the decline. On the other hand, The Tertiary Sector, also 1996-97 1.20 19.28 79.52 known as Service Sector, comprising of 1997-98 1.37 21.22 77.41 Trade, Hotels & Restaurants, Transport, Storage, Communication, Financial, 1998-99 1.62 18.74 79.64 Insurance, Real Estate, Business Services, 1999-00® 1.36 16.57 82.07 Public Administration and Other Services, the major contributor in the economy of Delhi, is 2000-01® 1.29 21.85 76.86 enhancing regularly. The contribution of the 2001-02® 1.20 19.85 78.95 Primary Sector, which was 3.85% during 1993-94 has come down to 1.00% in 2004-05 2002-03(R) 1.20 18.92 79.88 at current prices. Similarly, the contribution 2003-04(P) 1.09 18.67 80.24 of Secondary Sector recorded at 25.20% in 1993-94, has also declined to 19.86% in 2004- 2004-05(Q) 1.00 19.86 79.14 05.
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