Home / Knowledge / News / Gross Domestic Product up by 6.7%
Gross Domestic Product up by 6.7%
Mar '08
The Census and Statistics Department (C&SD) released March 25 the preliminary figures of chain volume measures of Gross Domestic Product (GDP) by economic activity for the fourth quarter of 2007 and the whole year of 2007.

GDP by economic activity shows the value of production for individual economic activities. The value of production is measured by net output or value-added, which is calculated by deducting intermediate input consumed in the process of production from the gross value of output. Volume measures of GDP by economic activity enable analysis of the growth profiles of individual economic sectors in real terms, by removing the effect of price changes.

GDP increased by 6.7% in real terms in the fourth quarter of 2007 over a year earlier, compared with the 6.3% growth in the third quarter. For 2007 as a whole, GDP recorded a growth of 6.3% in real terms over 2006.

Analysed by constituent sector and on a year-on-year comparison, net output in all the service activities taken together rose by 7.6% in real terms in the fourth quarter of 2007 over a year earlier, compared with the growth of 7.3% in the third quarter. For 2007 as a whole, there was an increase of 7.2%.

Net output in the wholesale, retail and import and export trades, restaurants and hotels sector increased by 7.1% in real terms in the fourth quarter of 2007 over a year earlier, compared with the 7.5% increase in the third quarter.

For 2007 as a whole, net output in this sector increased by 7.2% in real terms. The growth was mainly attributable to the robust local consumer demand and vibrant inbound tourism. Also contributed was the continuous growth in external trade and offshore trade.

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search