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Govt revises economic growth to 8.4%
Tue, 01/31/2012 - 06:00
New Delhi, Jan 31 (IBNS): The government on Tuesday revised the economic growth rate for 2010-2011 financial year to 8.4 percent in comparison to the previous estimate of 8.5 percent.
“Gross Domestic Product (GDP) at factor cost at constant (2004-05) prices in 2010-11 is estimated at Rs. 48,85,954 crore as against Rs. 45,07,637 crore in 2009-10 registering a growth of 8.4 per cent during the year which is same as in the year 2009-10,” the Quick Estimates of economic growth released on Tuesday by the Ministry of Statistics and Programme Implementation mentioned.
“At current prices, GDP in 2010-11 is estimated at Rs. 71,57,412 crore as against Rs. 60,91,485 crore in 2009-10, showing an increase of 17.5 per cent during the year,” the release said.
The growth of secondary sector is 7.2 per cent and that of service sector is 9.3 per cent during 2010-11.
The per capita Private Final Consumption Expenditure (PFCE) in the domestic market in 2010-11 is estimated to be Rs. 36,760 at current prices and Rs. 26,029 at constant (2004-05) prices as against Rs. 31,812 and Rs. 24,379 respectively in 2009-10.
“Gross Domestic Product (GDP) at factor cost at constant (2004-05) prices in 2010-11 is estimated at Rs. 48,85,954 crore as against Rs. 45,07,637 crore in 2009-10 registering a growth of 8.4 per cent during the year which is same as in the year 2009-10,” the Quick Estimates of economic growth released on Tuesday by the Ministry of Statistics and Programme Implementation mentioned.
“At current prices, GDP in 2010-11 is estimated at Rs. 71,57,412 crore as against Rs. 60,91,485 crore in 2009-10, showing an increase of 17.5 per cent during the year,” the release said.
The growth of secondary sector is 7.2 per cent and that of service sector is 9.3 per cent during 2010-11.
The per capita Private Final Consumption Expenditure (PFCE) in the domestic market in 2010-11 is estimated to be Rs. 36,760 at current prices and Rs. 26,029 at constant (2004-05) prices as against Rs. 31,812 and Rs. 24,379 respectively in 2009-10.
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