National Income
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This document provides an overview of trends in India's national income from 2004-2010. It includes: 1. India's GDP growth rate remained between 6.7-9.7% during this period, with a dip to 6.7% in 2008-09. 2. Per capita income in current prices grew from Rs. 27,183 in 2005-06 to Rs. 43,749 in 2009-10. In constant 2004-05 prices it grew from Rs. 32,012 to Rs. 40,745 over the same period. 3. The sectoral growth rates varied, with agriculture declining 0.2% in 2009-10 while electricity, gas and water supply and manufacturing grew over
National Income
- 1. Indian Economy (BB301)Course Instructor Anshu Singh
- 2. Trends In National Income of India GDP Growth rate of India at2004 05 (%)2005-06 2006-07 2007-08 2008-09 2009-109.5 9.7 9.2 6.7 7.22 . Growth in per capita income (Rs) at current price and at 2004-05 (constant price)Current Price 2005-06 2006-07 2007-08 2008-09 2009-10 27,183 31,080 35,430 40,141 43,749Constant Price32,012 34,533 37,328 38,695 40,745 Note:2004 -05 is takes as the base year (for constant price)Source :Economic Survey 2009-10
- 3. 3. Sector wise rate of growth at factor cost at 2004-2005 prices (per cent) 2005-06 2006-07 2007-08 2008-09 2009-10Agriculture 5.2 3.7 4.7 1.6 -0.2Mining 1.3 8.7 3.9 1.6 8.7Manufacturing 9.6 14.9 10.3 3.2 8.9Electricity, 6.6 10.0 8.5 3.9 8.2 Gas & Water SupplyConstruction 12.4 10.6 10.0 5.9 6.5Trade, Hotels 12.4 11.2 9.5 5.3 8.3 & RestaurantsBanks,Insurance12.8 14.5 13.2 10.1 9.9and Real EstateCommunity, 7.6 2.6 6.7 13.9 8.2 and Social ServicesSource :Economic Survey 2009-10
- 4. Trends for Interstate Variation in National Income and GDPThere is vast variation amongst the Indian states w.r.t per capita income and their contribution to national income. 4. CONTRIBUTION OF STATES IN INDIAS NDP
- 6. From the above it is clear that planning in India has not been successful in removing disparities amongst the statesThe disparities are also attributed to vast differences in areas and population of the states. Punjab and Haryana have grown on account of their agricultural prosperity Maharashtra, Gujarat and Goa have shown appreciable industrial growth