07-01-2005, 04:52 AM
<b>India's per capita up by 5.2 per cent: CSO</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->India remains one of the fastest-growing economies in the world. The latest figures released by the Central Statistical Organisation (CSO) point out that <b>the economy clocked a growth rate of 6.9 per cent during fiscal 2004-05 as against 8.5 per cent the previous financial year.</b>Â <!--emo&:thumbdown--><img src='style_emoticons/<#EMO_DIR#>/thumbsdownsmileyanim.gif' border='0' style='vertical-align:middle' alt='thumbsdownsmileyanim.gif' /><!--endemo--> This is in line with earlier government estimates. Interestingly, per capita income rose by 5.2 per cent to Rs 12,416 during 2004-05 as against Rs 11,799 reported for 2002-03.
The revised estimates of national income and quarterly estimates of GDP were released here on Thursday by the CSO. The growth rate was marginally higher at 7 per cent in the last quarter (January-March) of 2004-05. However, this is much behind China, whose economy expanded at 9.4 per cent in the same period.
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The revised estimates of national income and quarterly estimates of GDP were released here on Thursday by the CSO. The growth rate was marginally higher at 7 per cent in the last quarter (January-March) of 2004-05. However, this is much behind China, whose economy expanded at 9.4 per cent in the same period.
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