India's GDP grew at 8 per cent in 2009-10: CSO
31 Jan 2011
India's gross domestic product (GDP) grew at 8.0 per cent in 2009-10 against a growth rate of 6.8 per cent during the previous financial year (2008-09), revised estimates (with 2004-05 as the base year) released by the Central Statistical Organisation (CSO) showed.
Gross domestic product (GDP) of the country at factor cost at constant (2004-05) prices is estimated to have grown to Rs44,93,743 crore in 2009-10 from Rs41,62,509 crore in 2008-09.
At current prices, India's GDP in 2009-10 is estimated to have grown 16.1 per cent to Rs61,33,230 crore from Rs52,82,086 crore in 2008-09.
Gross national income (GNP) of the country, at constant (2004-05) factor costs, is estimated to have grown to Rs44,64,854 crore in 2009-10 from Rs41,37,125 crore in 2008-09, showing a rise of 7.9 per cent year-on-year.
At current prices, the gross national income of the country is estimated at Rs60,95,230 crore in 2009-10 against Rs52,49,163 crore in 2008-09, showing a rise of 16.1 per cent.
The estimated growth rate of 8.0 per cent in GDP during 2009-10 was based on the high growth rates in transport, storage and communication (15 per cent), community, social and personal services (11.8 per cent), financing, insurance, real estate and business services (9.2 per cent) and manufacturing (8.8 per cent), CSO said.