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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture