National Income, Consumption, Saving estimates unveiled, 2011-12 GDP cut

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The per capita income at current prices is estimated at Rs 61,564 in 2011-12. (Reuters) The per capita income at current prices is estimated at Rs 61,564 in 2011-12. (Reuters)
SummaryPer capita income estimated at Rs 61,564 in 2011-12, Gross Domestic Saving slows.

cent, private corporate sector from 7.9 per cent to 7.2 per cent and that of public sector from 2.6 per cent to 1.3 per cent in 2011-12 as compared to 2010-11.

At constant (2004-05) prices, the Gross National Income (GNI) at factor cost in 2011-12 is estimated at Rs 51,96,848 crore as against Rs 48,82,249 crore in 2010-11, showing a rise of 6.4 per cent during the year, the CSO said. The increase was 8.8 per cent in the previous year, .

At current prices, the GNI in 2011-12 is estimated at Rs 82,76,665 crore as compared to Rs 71,85,160 crore in 2010-11, showing a rise of 15.2 per cent as against an increase of 18.4 per cent in the previous year.

In absolute terms, CSO said, the saving of the household sector has increased from Rs 18,32,901 crore in 2010-11 to Rs 20,03,720 crore in 2011-12, increasing by 9.3 per cent. The saving of private corporate sector has gone up by 4.1 per cent from Rs 6,19,370 crore in 2010-11 to Rs 6,44,473 crore in 2011-12.

On the other hand, saving of public sector has gone down by 41.4 per cent from Rs 1,99,662 crore in 2010-11 to Rs 1,17,097 crore in 2011-12.

The Gross Domestic Capital Formation has increased from Rs 28,71,649 crore in 2010-11 to Rs 31,41,465 crore in 2011-12 at current prices and it increased from Rs 21,20,377 crore in 2010-11 to Rs 21,31,839 crore in 2011-12 at constant (2004-05) prices.

The rate of growth of Gross Capital Formation at current prices stood at 35 per cent in 2011-12 as against 36.8 per cent in 2010-11. The rate of growth of Gross Capital Formation at constant (2004-05) prices is 37.9 per cent in 2011-12 as against 40.0 per cent in 2010-11.

The data further revealed that at constant prices, the primary sector, i.e. agriculture, forestry & fishing has shown a growth of 3.6 per cent during 2011-12 as against 7.9 per cent during the year 2010-11.

The growth of secondary sector is 3.5 per cent and that of service sector is 8.2 per cent during 2011-12, as against a growth of 9.2 per cent and 9.8 per cent, respectively, in the previous year.

The CSO said that the first revised estimates for the year 2011-12 (earlier called Quick Estimates) have been compiled using industry-wise/institution-wise detailed information instead of the benchmark indicator method.

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