From the official report:
ESTIMATES OF GDP BY ECONOMIC ACTIVITY
(a) At constant (2004-05) prices
2. Quarterly GDP at factor cost at constant (2004-05) prices for Q2 of 2010-11 is
estimated at Rs. 11,46,637 crore as against Rs. 10,53,057 crore in Q2 of 2009-10, showing a
growth rate of 8.9 per cent over the corresponding quarter of previous year.
3. The economic activities which registered significant growth in Q2 of 2010-11 over Q2
of 2009-10 are, ‘mining and quarrying’ at 8.0 per cent, ‘manufacturing’ at 9.8 per cent,
‘construction’ at 8.8 percent, ‘trade, hotels, transport and communication’ at 12.1 per cent,
‘financing, insurance, real estate and business services’ at 8.3 per cent, and ‘community,
social and personal services’ at 7.3 per cent. The growth rate in ‘agriculture, forestry &
fishing’ is estimated at 4.4 per cent in this period.
(b) At current prices
7. GDP at factor cost at current prices in Q2 of 2010-11, is estimated at Rs. 16,64,088
crore, as against Rs. 14,01,815 crore in Q2, 2009-10, showing an increase of 18.7 per cent.
Nominal GDP is up 18.7% and inflation adjusted GDP (Real) is up 8.9%.
That’s brilliant. Of course some of this data needs some serious mining to be really informative.
Interestingly, private consumption expenditure is now up 57%, at 10.18 lakh crore (nominal) which is about 60% of GDP. Government expenditure is up 11%, and investment is up 32%.
Exports are up 20% while imports are up 22%. The gap widens, but look at the strength in the economy! We’re still a hugely consumer led economy – and eventually this is where everything must happen. FMCG, Auto, Retail are interesting stories. Telecom and Banks are scam scares, but still worth a shot. Real estate is dangerous, and with fin services, is about 20% of the economy – that could be a dampener. Anyways, this is not an investment post – thought I’d highlight a few, that’s all.