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Thursday 5 August 2021

Which sector is growing fast in India?

 At 2011-12 prices, GVA growth rates of Agriculture, Industry, and Services sector are 3.63%, -6.96%, and -8.36%, respectively in the year 2020-21. At current prices, growth rates are Agriculture (6.56%), Industry (-5.61%), and Services (-4.86%).

At 2011-12 prices, India has registered the highest growth of 3.63% in the 'Agriculture, forestry & fishing' sub-sector and the lowest -18.2% in 'Trade, hotels, transport, communication, and services related to broadcasting' sub-sector.

At current prices, India has registered the highest growth of 6.56% in the 'Agriculture, forestry & fishing' sub-sector and the lowest -17.91 in the 'Mining & quarrying' sub-sector.

The services sector has been the highest growing sector in six years. The Industry sector was the fastest growing sector in one year and the Agriculture sector was the fastest-growing sector in two years. First time in 2020-21, the Services sector has the lowest growth rate among the three sectors. Growth of the Agriculture sector has been fluctuating: lowest -0.22% in 2014-15 to highest 6.80% in 2016-17. Performance of Agriculture sector is much better in current prices as it has attained highest growth rate among all three sectors in five years since 2012-13.

The average growth rate between 2012-21 at constant 2011-12 prices are Agriculture (3.49%), Industry (3.82%), and Services (6.23%). At current prices, growth rates are Agriculture (10.30%), Industry (6.65%), and Services (10.54%).

  • Constant
  •  
  • Current
Sector-wise GDP Growth of IndiaAgricultureIndustryServices
Sector-wise GDP Growth of IndiaAgricultureIndustryServices
SectorGVA (Rupees in Crore) at constant prices
2012-132013-142014-152015-162016-172017-182018-192019-202020-21
1Agriculture Sector1.495.57-0.220.656.806.612.564.313.63
1.1Agriculture,forestry & fishing1.495.57-0.220.656.806.612.564.313.63
2Industry Sector3.273.797.009.587.725.865.31-1.23-6.96
2.1Mining & quarrying0.600.199.7210.159.84-5.620.28-2.54-8.53
2.2Manufacturing5.454.977.9013.067.937.535.28-2.44-7.15
2.3Electricity, gas, water supply & other utility services2.664.167.244.729.9710.618.012.051.90
2.4Construction0.352.664.303.605.915.226.340.98-8.61
3Services Sector8.337.669.819.448.466.347.207.19-8.36
3.1Trade, hotels, transport, communication and services related to broadcasting9.776.519.4210.247.7110.347.146.40-18.20
3.2Financial, real estate & prof servs9.7411.1511.0510.668.641.777.167.27-1.50
3.3Public Administration, defence and other services4.263.858.316.129.338.357.398.29-4.62
GVA at basic prices5.426.057.158.037.976.235.904.14-6.16
SectorGVA (Rupees in Crore) at current prices
2012-132013-142014-152015-162016-172017-182018-192019-202020-21
1Agriculture Sector11.5315.008.686.4013.0712.356.5912.526.56
1.1Agriculture,forestry & fishing11.5315.008.686.4013.0712.356.5912.526.56
2Industry Sector10.949.158.069.228.7810.5410.03-1.26-5.61
2.1Mining & quarrying9.503.484.29-4.6911.162.8512.22-5.66-17.91
2.2Manufacturing11.558.949.6214.268.749.989.30-3.32-4.67
2.3Electricity, gas, water supply & other utility services15.3720.818.5018.676.1919.685.857.330.17
2.4Construction9.278.496.251.239.0611.0612.441.40-6.33
3Services Sector15.9813.9413.6610.3711.6810.8512.4610.75-4.86
3.1Trade, hotels, transport, communication and services related to broadcasting17.7512.6512.448.8710.6613.3811.168.75-15.48
3.2Financial, real estate & prof servs16.0516.4814.2011.1210.867.4113.2810.540.89
3.3Public Administration, defence and other services13.4111.8914.5611.3014.3812.7413.0113.710.41
GVA at basic prices13.5212.6111.019.3011.0611.0310.687.58-2.96

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