16 June 2011

Latest Data on India’s National Income, 2010-11

The Central Statistical Organisation (CSO) is a part of the Ministry of Statistics and Programme Implementation. It calculates India's national income accounting. 

Recently, the CSO released the Revised Estimates (RE) of national income for the financial year 2010-11 and the quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2010-11, both at constant (2004-05) and current prices.   

The Advance Estimates (AE) of national income for the year 2010-11, in February 2011, have now been revised incorporating latest estimates of agricultural production, index of industrial production and performance of key sectors like railways and government expenditure.

Gross Domestic Product
  • GDP at factor cost at constant prices (2004-05) in the year 2010-11 is now estimated at Rs48,77,842 crore, as against Rs48,79,232 crore as per AE in Feb 2011.
  • This shows a growth rate of 8.5 per cent (as against 8.6 per cent in the Advance Estimates). 
  • The downward revision in the GDP growth rate is mainly on account of lower performance in ‘mining and quarrying’, ‘manufacturing’ and ‘trade, hotels, transport, and communication’ and ‘financing, insurance, real estate & business services’ than anticipated.
Gross National Income
  • The Gross National Income (GNI) at factor cost at 2004-05 prices is now estimated at Rs48,34,759 crore, as compared to Rs48,44,971 crore estimated in February 2011, during 2010-11.
  • In terms of growth rates, the gross national income is estimated to have risen by 8.3 per cent during 2010-11, in comparison to the growth rate of 7.9 per cent in 2009-10.
Per Capita Net National Income
  • The per capita net national income in real terms (at 2004-05 prices) during 2010-11 is estimated to have attained a level of Rs35,917, as against Rs36,003 as per AE.
  • The growth rate in per capita income is estimated at 6.5 per cent during 2010-11 as against 6.1 per cent during 2009-10. 
In effect, India's GDP growth in the last financial year fell short of the Advanced Estimates; consequently, it has had a cascading negative impact, though marginal, on PCI too.

No comments: