NSO estimated India's GDP growth rate as 5% for the current fiscal
National Statistical Office (NSO): A fact file
- National Statistical Office (NSO) has estimated India's GDP
growth rate for 2019-20 estimated at 5% on 7 January 2020. It has seen dipping
to an 11-year low of 5% in the current fiscal.
- This is mainly due to poor
showing by the manufacturing and construction sectors.
- The previous low
economic growth was recorded at 3.1% in 2008-09.
per the first advance estimates of the national income released by NSO, the
estimated growth of the Indian economy of 5% in 2019-20 as against 6.8% in the
report also states that the output of the manufacturing sector is expected to
decelerate to 2% in 2019-20 from 6.2% in the previous fiscal.
- The reduction was
also witnessed in sectors like construction and electricity, agriculture, gas
and water supply.
sectors like mining, public administration, and defence have shown minor
estimated growth of real Gross Value Added (GVA) in 2019-20 is 4.9% as against
6.6% in 2018-19.
- Also, Gross Fixed Capital Formation (GFCF) at current prices has been estimated
at Rs.57.42 lakh crore in 2019-20 as against Rs.55.70 lakh crore in 2018-19.
has estimated the per capita income at current prices at Rs.1,35,050, showing a
rise of 6.8% against Rs.1,26,406 during 2018-19 with a growth rate of 10.0%.
- NSO is responsible to conduct large scale sample surveys in
diverse fields on an All India basis.
- It functions under the Ministry of
Statistics and Programme Implementation (MSoPI).
- It maintains a frame of urban
area units for use in sample surveys in urban areas.
- The four divisions of NSO are Field Operations Division
(FOD), Survey Design and Research Division (SDRD), Survey Coordination Division (SCD), and Data
Processing Division (DPD).