India’s GDP grew 8.4 per cent in 2010-11
31 Jan 2012
India's gross domestic product (at factor cost at constant 2004-05 prices) is estimated to have expanded by 8.4 per cent to Rs48,85,954 crore in the 2010-11 financial year, from Rs45,07,637 crore in 2009-10.
The Indian economy had grown at the same pace in the previous financial year (2009-10) as well, quick estimates released by the Central Statistical Office (CSO) showed.
At current prices, India's GDP is estimated to have grown 17.5 per cent year-on-year to Rs71,57,412 crore in 2010-11, from Rs60,91,485 crore in 2009-10.
The country's gross national income (at factor cost at constant 2004-05 prices) is estimated to have grown 7.9 per cent to Rs48,33,178 crore in 2010-11, from Rs44,79,973 crore in 2009-10.
Gross national income at current prices grew 16.9 per cent to Rs70,78,512 crore in 2010-11, from Rs60,53,585 crore in 2009-10.
The 8.4 per cent growth in GDP during 2010-11 has been achieved due to high growth in the transport and communication, trade, hospitality, construction and financial services sectors.
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