Page 637 - ES 2020-21_Volume-1-2 [28-01-21]

264 Economic Survey 2020-21 Volume 2

• ` 18,000 crores additional outlay for PM Awaas Yojana (PMAY) –Urban
• Support for construction & infrastructure – relaxation of Earnest Money Deposit (EMD) &
performance security on Government tenders

• ` 1.10 lakh crores platform for infra debt financing – ` 6000 crores equity infusion in National
Investment and Infrastructure Fund (NIIF) Debt Platform, ` 10,200 crores additional budget
outlay will be provided towards capital and industrial expenditure for domestic defence
equipment, industrial incentives, industrial infrastructure, and green energy

8.3 As per the latest estimates on Gross Value Added (GVA), the industrial sector is expected
to record a growth of -9.6 per cent with an overall contribution in GVA of 25.8 per cent in
2020-21 (FY21). The contribution of the industrial sector has been constantly declining since
2011-12 (Figure 1). The fall in share is across the board except in case of ‘Electricity, gas, water
supply & other utility services’ whose share in GVA has increased from 2.3 per cent in FY12 to
2.7 per cent in FY21. The performance of the various components of the industrial sector namely,
manufacturing, mining and quarrying, electricity, and construction is presented in Table 1.
Figure 1: Share of Industry and its Components in GVA (Current Prices, Per cent)

35.0 32.5 31.8
30.8
30.0 30.0 29.3 29.2 28.9
30.0 27.5
9.6 9.2 25.8
25.0 8.9 8.5 7.9 7.7 7.7 7.8
7.5
2.3 2.3 6.9
20.0 2.5 2.5 2.7 2.5 2.7 2.7
2.7
2.7
15.0
17.4 17.1 16.5
10.0 16.3 17.1 16.7 16.4 16.1 15.1 14.5
5.0
3.2 3.1 2.9 2.7 2.3 2.3 2.3 2.3 2.1 1.7
0.0
FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21
Mining Manufacturing Electricity* Construction Industry

*Electricity, gas, water supply & other utility services.
Source: Survey calculations based on MoSPI data.

Table 1: Rate of Growth of GVA in Industry and Its Components (Per cent)

FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21

Industry 3.3 3.8 7.0 9.6 7.7 6.3 4.9 0.9 -9.6
Mining 0.6 0.2 9.7 10.1 9.8 4.9 -5.8 3.1 -12.4
Manufacturing 5.5 5.0 7.9 13.1 7.9 6.6 5.7 0.0 -9.4

Electricity* 2.7 4.2 7.2 4.7 10.0 11.2 8.2 4.1 2.7
Construction 0.3 2.7 4.3 3.6 5.9 5.0 6.1 1.3 -12.6
*Electricity, gas, water supply & other utility services
Source: Survey calculations based on MoSPI Data.