Updates for Quiz 130

The Central Statistical Organization (CSO), Ministry of Statistics and Programme Implementation, has released the revised estimates of national income for the financial year 2008-09 and the quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2008-09, both at constant (1999-2000) and current prices.
Some memorable points:

1. GDP at factor cost at constant (1999-2000) prices in the year 2008-09=Rs. 33,39,375 crore (2007-08 Rs. 31,29,717 crore)
2. It has shown a growth rate of 6.7 per cent over the Quick Estimates of GDP for the year 2007-08
3. The sectors which showed growth rates of 5 per cent or more, are ‘construction’ (7.2 per cent), ‘trade, hotels, transport and communication’ (9.0 per cent), ‘financing, insurance, real estate and business services’ (7.8 per cent), and ‘community, social and personal services’ (13.1 per cent).
4. The net national product (NNP) at factor cost, also known as national income, at 1999- 2000 prices =Rs. 29,41,971 crore during 2008-09, (It was Rs. 27,64,795 crore for 2007-08)
5. National income is estimated to rise by 6.4 per cent during 2008-09, in comparison to the growth rate of 9.1 per cent in 2007-08.
6. The per capita income in real terms (at 1999-2000 prices) during 2008-09 =Rs. 25,494 ( for 2007-08 of Rs. 24,295)
7. The growth rate in per capita income is estimated at 4.9 per cent during 2008-09.
8. GDP at factor cost at current prices in the year 2008-09 is estimated at Rs. 49,33,183 crore, showing a growth rate of 14.2 per cent over the Quick Estimates of GDP for the year 2007-08 of Rs. 43,20,892 crore.
9. Net National Product at factor cost at current prices is now estimated at Rs. 43,26,384 crore during 2008-09, as compared to Rs. 37,87,597 crore during 2007-08.
10. NNP is showing a rise of 14.2 per cent.
11. The per capita income at current prices during 2008-09 is estimated to attain a level of Rs. 37,490 as compared to the Quick Estimates for the year 2007-08 of Rs. 33,283,
12. Per Capita Income is showing a rise of 12.6 per cent.
13. The Indian Wind Turbine Manufacturers Association (IWTMA) plans to launch a pilot wind energy project in Tamil Nadu, India. The Tamil Nadu region produces 50% of the wind energy in the country and has huge potential to generate more, according to the IWTMA. The IWTMA has shortlisted four international firms to help with design and planning; 3TIER Environmental Forecast Group, Garrad Hassan & Partners, AWS Truewind and Risoe. The IWTMA will run the project for one full wind season from September 2009.
14. The United Nations Environment Programme (UNEP) has launched a major worldwide tree planting campaign. Under the Plant for the Planet: Billion Tree Campaign, people, communities, business and industry, civil society organizations and governments are encouraged to enter tree planting pledges online with the objective of planting at least one billion trees worldwide each year. In a call to further individual and collective action, UNEP has set a new goal of planting 7 billion trees by the end of 2009. The campaign strongly encourages the planting of indigenous trees and trees that are appropriate to the local environment.

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Comments

  • Anonymous
    Reply

    Is there any difference between country's growth rate and national income????

  • sweetu
    Reply

    thanks sir it will clear the concept of answers..