CONCEPTS AND DEFINITIONS
Mandal Domestic Product (MDP) is defined as the sum of the economic value of all goods and services produced or rendered within the specific geographical boundaries of the Mandal without duplication during a specified period of time, usually a year.
In order to estimate the Mandal Domestic Product, the economy is broadly categorized into three sectors viz.,
- Agriculture & Allied Sector
- Industry Sector
- Service Sector
- Agriculture Sector includes
- Forestry & Logging
Industry Sector includes
- Mining & Quarrying
- Manufacturing (Registered & Unregistered)
- Electricity, Gas & Water Supply
Service Sector includes
- Trade, Hotels and Restaurants
- Transport by other means and Storage
- Banking and Insurance
- Real Estates, Ownership of dwelling and Business Services
- Public Administration
- Other services
Mandal Income Estimates are prepared at current prices with new base year 2011-12. The Mandal Domestic Product Estimates at Current Prices are obtained by the goods and services produced during the year 2015-16.
Apart from the Agriculture Sector and Manufacturing Sector, the availability of Mandal level data in respect of other sectors is inadequate. Maiden attempt is made on pilot basis to calculate the Mandal level Domestic Product (MDP). These estimates for the year are purely provisional and will be revised as and when more reliable and firm data is available.