'Investment in economy up 12.1% to Rs 26.15 lakh cr in FY'12'

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The investment in the economy increased by 12.1 per cent in terms of gross fixed capital formation in 2011-12 to Rs 26.15 lakh crore.  (Reuters) The investment in the economy increased by 12.1 per cent in terms of gross fixed capital formation in 2011-12 to Rs 26.15 lakh crore. (Reuters)
SummaryInvestment in terms of Gross Fixed Capital Formation at current prices has risen to Rs 2,614,634 crore.

The investment in the economy increased by 12.1 per cent in terms of gross fixed capital formation in 2011-12 to Rs 26.15 lakh crore, Parliament was informed today.

"As per the revised estimates of Annual National Income released by Central Statistics Office, the investment measured in terms of Gross Fixed Capital Formation at current prices has risen from Rs 2,331,382 crore in 2010-11 to Rs 2,614,634 crore in 2011-12...

"...thereby indicating an increase by 12.1 per cent," Minister of State for Parliamentary Affairs and Planning Rajeev Shukla said in a written reply to the Rajya Sabha.

He was replying to a question whether there was a significant decline in the growth rate of investment in the economy during 2011-12 and if it had impacted the investment in the states as well.

In a separate reply to the house, Shukla said the annual plan for Rajasthan for 2012-13 has increased by Rs 6,000 crore over the previous year plan.

"The approved outlay of Rajasthan for the annual plan 2012-13 is Rs 33,500 crore while for the annual plan 2011-12, it was Rs 27,500 crore," the Minister said.

He also said Rajasthan government's draft annual plan for 2013-14 is under process and the details would be known only after finalisation of annual plan for the year.

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