Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF ECONOMIC AFFAIRS

RAJYA SABHA

UNSTARRED QUESTION NO. 2559

ANSWERED ON 16TH JULY 2019

Encouragement to Private Sector Investment

 

  1. SHRI RAJEEV CHANDRASEKHAR:

 

Will the Minister of FINANCE be pleased to state:

 

(a)the measures taken by Government in encouraging private sector investment in the in the domestic markets; and

 

(b)the breakdown of growth in private sector investment over the last three years, State/UT-wise?

 

ANSWER

MINISTER OF STATE (FINANCE)

(SHRI ANURAG THAKUR)

 

(a)The government is constantly taking various initiatives to encourage investment in the economy, including investment by private sector, which, inter-alia, include measures to improve ease of doing business, comprehensive reforms in the Foreign Direct Investment policy, various facilitation measures under flagship programmes like Make-in-India, Start-up India, reduced corporate tax rate of 25 per cent for companies with turnover up to Rs. 250 crore (this limit is proposed to be increased further to Rs 400 crore vide Finance (No.2) Bill, 2019), launch of a support and outreach program for helping the growth, expansion and facilitation of Micro, Small and Medium Enterprises sector, etc. Further, steps taken to boost private sector investment in infrastructure sectors include launching of innovative financial vehicles such as Infrastructure Debt Funds, Infrastructure Investment Trusts (InvITs), Real Estate Investment Trusts (REITs), mainstreaming of Public Private Partnerships (PPPs) across infrastructure sectors through viability gap funding, periodic review of Harmonized Master List of Infrastructure Sub-sectors, and establishment of the National Investment and Infrastructure Fund (NIIF). Besides this, a Project Monitoring-Invest India Cell (PMIC) has also been set up for resolving of issues and fast tracking the setting up and expeditious commissioning of large Public, Private and Public-Private Partnership Projects.

 

(b)Details of State/UT-wise Private Sector Investment are not compiled by Ministry of Statistics & Programme Implementation. A statement indicating industry-wise data relating to GFCF for private corporations and households for the years 2014-15 to 2016-17 at current and constant 2011-12 prices, available with National Statistical Office is at Annexure.

 

Annexure

Statement referred in reply to part (b) Rajya Sabha Unstarred Question No.2559 for 16.07.2017

Gross Fixed Capital Formation (GFCF) for Private Sector at constant (2011-12) prices (Rs. In Crores)

 

S.No.Economic Activity2014-152015-162016-17
Private

Corporations

HouseholdPrivate

Corporations

HouseholdPrivate

Corporations

Household
1.Agriculture, forestry & fishing609722101263911791216750203820
1.1Crops379018660443701467894603167617
1.2Livestock130619478107515979109818212
1.2Forestry & logging536713471141156
1.3Fishing & aquaculture947148638121628190817835
2.Mining & quarrying119544576106423921127687135
3.Manufacturing453671746405173845981361120470478
4.Electricity, Gas, water supply and other utility service97985550100537721114907936
5.Construction440685135948545361555868860089
6.trade, repair, hotels & restaurant98175194915141273243502117258185604
6.1Trade & repair services8077518051811389322275892895169209
6.2Hotels & restaurants174011439727380207442436216396
7.Transport, storage & communication & service related to broadcasting94182651671840806904922792492777
7.1Railways205270137760186330
7.2Road Transport120015195716796571141674579051
7.3Water transport1680662612702526122
7.4Air transport289804644058410
7.5Services incidental to transport83081445169331204197811234
7.6Storage137422892055261614711394
7.7Communication & services related to broadcasting476649409127265804516292810976
8.Financial services256630357760318670
9.Real estate, ownership of dwelling and professional services309043610978299992447032336895496366
10.Public administration and Defence000000
11.Other services73795761161078126552712792283251
 Total121463412993141452433110484116461831200457

 

Source: statements 7.2B and 7.2C of National Accounts Statistics 2018 publication

Gross Fixed Capital Formation (GFCF) for Private Sector at current prices (Rs. In Crores)

S.No.Economic Activity2014-152015-162016-17
Private

Corporations

HouseholdPrivate

Corporations

HouseholdPrivate

Corporations

Household
1.Agriculture, forestry & fishing694426717474522213897987259171
1.1Crops436522698551911833765575216569
 Livestock146023292119219292121922397
1.2Forestry & logging617316079170175
1.3Fishing & aquaculture10581682490918642102320031
2.Mining & quarrying138175066120584304145097754
3.Manufacturing502195855635776036643368044979187
4.Electricity, Gas, water supply and other utility service1086586171124957951296601036
5.Construction455825185849741353785740053242
6.trade, repair, hotels & restaurant111947224022159055270720134418209589
6.1Trade & repair services92008207443128266247630106514191036
6.2Hotels & restaurants199381657930789230892790318552
7.Transport, storage & communication & service related to broadcasting1065987150920963174382259020102046
7.1Railways245650174760236510
7.2Road Transport132965630318996610051935386404
7.3Water transport1812712779742754133
7.4Air transport313605205066840
7.5Services incidental to transport93131659191431337225931392
7.6Storage156526452283291816631587
7.7Communication & services related to broadcasting5291110831143748904818232112530
8.Financial services290850413100374990
9.Real estate, ownership of dwelling and professional services364999710241359200510236405102579872
10.Public administration and Defence000000
11.Other services84476875591238657293114885594164
 Total137430115036091652411125656818749001386062

Source: statements 7.2B and 7.2C of National Statistics 2018 publication

 

 

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