CPSEs contribution to GDP on the decline

Tags: News
The contribution of public sector enterprises towards GDP in terms of gross value addition was declining for three years up to 2012-13, according to figures presented in Parliament today.

"The turnover of central public sector enterprises (CPSEs) for the last three years, 2010-11, 2011-12 and 2012-13 was Rs 14,98,018 crore, Rs 18,22,049 crore and Rs 19,45,777 crore respectively".

"The contribution of gross value addition of CPSEs in gross domestic product (GDP) is 6.18 per cent, 6.14 per cent and 5.85 per cent respectively," Minister of State for Heavy Industries & Public Enterprises P Radhakrishnan said in a written reply to the Lok Sabha.

Moreover, the percentage increase in turnover of CPSEs also reduced considerably from 20.34 per cent in 2010-11 to 6.79 per cent in 2012-13, according to figures.

Percentage wise increase in GDP at current market prices also witnessed a downward trajectory. It was reported at 12.25 per cent in 2012-13, down from 15.74 per cent in 2011-12 and 20.17 per cent in 2010-11.

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