Tuesday, February 1, 2011

Statistics Lies: Black Money, Grinding Poverty and Corruption Camouflaged

Monday, January 31, 2011
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the Quick estimates of national income, consumption expenditure, saving and capital formation for the financial year 2009-10. The estimates of GDP and other aggregates for the previous years have been revised on account of using the new series of Wholesale price Index (WPI) with base 2004-05 and also subsequent revision in Index of industrial production (IIP). The revision in estimates is also on account of use of latest available data on agricultural production, industrial production, government expenditure and also detailed and more comprehensive data available from various source agencies.
The salient features of the estimates, which are based on latest available information, are indicated below:
Gross domestic product (GDP) at factor cost at constant (2004-05) prices in 2009-10 is estimated at Rs. 44,93,743 crore as against Rs. 41,62,509 crore in 2008-09 registering a growth of 8.0 per cent during the year as against the growth rate of 6.8 per cent during the previous year. At current prices, GDP in 2009-10 is estimated at Rs. 61,33,230 crore as against Rs. 52,82,086 crore in 2008-09, showing an increase of 16.1 per cent during the year.
At constant (2004-05) prices the gross national income at factor cost in 2009-10 is estimated at Rs 44,64,854 crore as against Rs. 41,37,125 crore in 2008-09 showing a rise of 7.9 per cent during the year. At current prices, the gross national income in 2009-10 is estimated at Rs. 60,95,230 crore as compared to Rs 52,49,163 crore in 2008-09, showing a rise of 16.1 per cent during the year.
The growth rate of 8.0 per cent in the GDP during 2009-10 has been achieved due to high growth in transport, storage and communication (15.0%), community, social and personal services (11.8%), financing, insurance, real estate & business services (9.2%), and manufacturing (8.8%).
The per capita income (per capita net national income at factor cost) in real terms, i.e. at 2004-05 prices, is estimated at Rs. 33,731 for 2009-10 as against Rs. 31,801 in 2008-09, registering an increase of 6.1 per cent during the year. The per capita income at current prices is estimated at Rs. 46,492 in 2009-10 as against Rs. 40,605 for the previous year depicting a growth of 14.5 per cent.
click here to read the rosy picture of India's economic growth

No comments:


The contents posted on these Blogs are personal reflections of the Bloggers and do not reflect the views of the "Report My Signal- Blog" Team.
Neither the "Report my Signal -Blogs" nor the individual authors of any material on these Blogs accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Blogs.
This is not an official Blog site. This forum is run by team of ex- Corps of Signals, Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, Director General of Signals or Government/ State.
The Report My Signal Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The Blog Team is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the blog in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Blog Moderator: Lt Col James Kanagaraj (Retd)