Page 31 - economic_survey_2021-2022
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State of the Economy    5



              Manufacturing                       -2.4           -7.2           12.5          104.4
              Electricity, gas, water supply &    2.1            1.9            8.5           110.5
              other utility services
              Construction                        1.0            -8.6           10.7          101.2

              Services                            7.2            -8.4           8.2            99.2
              Trade, hotels, transport,           6.4           -18.2           11.9           91.5
              communication and services
              related to broadcasting
              Financial,  real estate  &          7.3            -1.5           4.0           102.5
              professional services
              Public administration, defence      8.3            -4.6           10.7          105.6
              and Other Services
              GVA at basic price                  4.1            -6.2           8.6           101.9
             Source: NSO
             Note: RE - Revised Estimates, PE - Provisional Estimates, AE - Advance Estimates

             1.4  As shown in Figures 5 and 6 below, the area sown under Kharif and Rabi crops, and
             the production of wheat and rice has been steadily increasing over the years. In line with the
             longer term trend, the area sown in the Kharif cycle of 2021-22 was again higher than in the
             previous year (the Rabi cycle data was incomplete at the time of writing). In the current year,
             food grains production for the Kharif season is estimated to post a record level of 150.5 million
             tonnes. Procurement of food grains under the central pool accordingly maintained its rising
             trend in 2021-22 along with minimum  support prices, which augur well for national  food
             security and farmers’ incomes. Importantly, the strong performance of the sector was supported
             by Government policies that ensured timely supplies of seed and fertilizers despite pandemic
             related disruptions. It was also helped by good monsoon rains as reflected in reservoir levels
             being higher than the 10-year average (Figure 4).

                    Figure 3: Real GVA of Agriculture                Figure 4: Reservoir Levels
                            & Allied Sectors

                                                                  Current live storage  Last 10 years average
                                                              100

                                                               80
                                                              Per cent of FRL  60


                                                               40


                                                               20

                                                                0
                                                                    Jan/19  Jun/19  Nov/19  Apr/20  Sep/20  Feb/21  Jul/21  Dec/21


             Source: NSO, Central Water Commission
             Note: FRL stands for Full Reservoir Level
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