GOVERNMENT OF INDIA

MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION

LOK SABHA

UNSTARRED QUESTION NO: 3989

ANSWERED ON:18.08.2010

GDP GROWTH RATE

(a)whether the rate of Gross Domestic Project (GDP) growth in the country has been on a constant rise during the last three years and the current year;

(b)if so, the details thereof;

(c)the assessment made in respect of the annual rate of GDP growth from 2004-05 to 2009-10, year-wise;

(d)this rise in the annual growth rate of GDP is due to the rise in inflation in the country;

(e)if so, the reaction of the Government thereto; and

(f)the likely percentage increase in the annual growth rate of GDP during the current year on account of inflation?

ANSWER

MINISTER OF STATE (INDEPENDENT CHARGE), MINISTRY OF COAL AND STATISTICS & PROGRAMME IMPLEMENTATION (SHRI SRIPRAKASH JAISWAL)

(a) & (b):The growth rate of Gross Domestic Product (GDP) at factor cost at constant prices (2004-05 prices) is estimated as 9.7% in 2006-07, 9.2% in 2007-08, 6.7% in 2008-09 and 74% in 2009-10.

(c):The estimated annual growth rate of GDP from the year 2004-05 to 2009-10 is given in the table.

Table: Growth rate of Gross Domestic Product (GDP)

Year Growth rate over previous year (%) at constant at current (2004-05) prices prices 2004-05 (at 1999-00 prices) 7.5 13.4 2005-06 9.5 14.62006-07 9.7 15.9 2007-08 9.2 15.2 2008-09 6.7 15.12009-10 7.4 12.2

Source: Central Statistics Office: National Accounts Statistics, 2010

(d) & (e):The growth rate of GDP at constant prices is in real terms and does not include inflation.

(f):The annual growth rate of GDP at current prices is inclusive of inflation. During the current year, the growth in GDP at current prices is 12.2% as against 7.4% at constant prices.