National Income, Consumption, Saving estimates unveiled, 2011-12 GDP cut
The data further further said that the growth in the GDP during 2011-12 has been achieved due to expansion in financing, insurance, real estate and business services (11.7 per cent), transport, storage and communication (8.4 per cent), electricity, gas and water supply (6.5 per cent) and trade, hotels and restaurants (6.2 per cent).
On the Gross Domestic Saving (GDS) front, the growth at current prices in 2011-12 slowed to 30.8 per cent of GDP at market prices as against 34 per cent in the previous year.
The GDS is estimated at Rs 27,65,291 during last fiscal crore as against Rs 26,51,934 crore in 2010-11.
The slower growth in GDS has mainly been due to decline in financial savings of household sector from 10.4 per cent to 8 per 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
Be the first to comment.