Real Income and Net National Income
The per capita real income i.e., per capita net national income at constant (2011-12) prices,
as per the provisional estimates for 2017-18 turned out to be ₹ 86,668 as against the first revised
estimate of ₹ 82,229 for 2016-17. This indicates growth in per capita real income of about 5.4
per cent during 2017-18. The per capita income at current prices during 2017-18 is estimated at ₹
112,835 as compared to ₹ 103,870 for 2016-17, showing a rise of 8.6 per cent.
According to the provisional estimates of national income, 2017-18, released in May 2018,
the GDP at constant (2011-12) prices in 2017-18 is ₹ 130.1 lakh crore as against the first revised
estimate of ₹ 121.9 lakh crore for 2016-17, released in January 2018. The growth in real GDP
during 2017-18 is estimated at 6.7 per cent as compared to the growth rate of 7.1 per cent in
The share of services in India’s Gross Value Added (GVA) at basic prices (at current prices)
increased from 49 per cent in 2011-12 to 53.9 per cent in 2017-18 as per Provisional Estimates
(PE). On including construction, this share increases and becomes 61.2 per cent in 2017-18. With
a 20.8 per cent share, ‘financial, real estate, and professional services’ as a group is the largest
contributor to GVA among the various services sub-sectors, followed by ‘trade, hotels, transport,
communication and services related to broadcasting’ with a 18.5 per cent share and ‘public
administration, defence and other services’ with a share of 14.5 per cent.
In 2017-18, growth of the services sector at constant (2011-12) was observed at 7.9 per cent
as compared to 7.5 per cent in 2016-17. This sector’s growth is higher than the overall GVA
growth of 7.1 per cent and 6.5 per cent at constant prices in 2016-17 and 2017-18 respectively.
In 2016-17 at current prices, services were exported amounting to US$ 163.2 billion
compared to US$ 154.5 billion during 2015-16 showing a growth of 5.6 per cent in 2016-
17.Whereas, the services were imported amounting to US$ 95.7 billion and US$ 84.8 billion at
current prices, during 2016-17 and 2015-16 respectively, showing a growth of 12.9 per cent in
2016-17. This shows a negative growth of (-3.2) per cent on net import of services in 2016-17 as
compared to (9.1) per cent in 2015-16. In 2016-17, net import of services financed almost 63.3
per cent of the India’s trade deficit on net import of goods.
Annual Survey of Industries
The Annual Survey of Industries (ASI) is the principal source of industrial statistics in
India. It provides statistical information to access and evaluate, objectively and realistically, the
change in the growth, composition and structure of the organized manufacturing sector
comprising activities related to manufacturing processes, repair services, generation,
transmission, etc., of electricity, gas and water supply and cold storage.
The ASI extends to the entire country. It covers all factories registered under Sections 2m (i)
and 2m (ii) of the Factories Act, 1948, where the manufacturing process is defined under Section
2 (k) of the said Act. Details the survey also covers bidi and cigar manufacturing establishments