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Growth in per capita income likely to slow down in 2017-18

By TIOL News Service

NEW DELHI, JAN 05, 2018: AS per the CSO latest data, the per capita income in real terms (at 2011-12 prices) during 2017-18 is likely to attain a level of Rs 86660 as compared to Rs 82269 for the year 2016-17. The growth rate in per capita income is estimated at 5.3 per cent during 2017-18, as against 5.7 per cent in the previous year.

Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2017-18 is likely to attain a level of Rs 129.85 lakh crore, as against the Provisional Estimate of GDP for the year 2016-17 of Rs 121.90 lakh crore, released on May 31, 2017. The growth in GDP during 2017-18 is estimated at 6.5 per cent as compared to the growth rate of 7.1 per cent in 2016-17.

ESTIMATES AT CURRENT PRICES

GDP is derived by adding taxes on products net of subsidies on products to GVA at basic prices. GDP at current prices in the year 2017-18 is likely to attain a level of Rs 166.28 lakh crore, as against Rs 151.84 lakh crorein 2016-17 showing a growth rate of 9.5 per cent.

National Income

The nominal Net National Income (NNI), also known as national income (at current prices) is likely to be Rs 147.11 lakh crore during 2017-18, as against Rs 134.08 lakh crore for the year 2016-17. In terms of growth rates, the national income registered a growth rate of 9.7 per cent in 2017-18 as against the previous year's growth rate of 11.0 per cent.

Per Capita Income

The per capita net national income during 2017-18 is estimated to be Rs 111,782 showing a rise of 8.3 per cent as compared to Rs 103,219 during 2016-17 with the growth rate of 9.7 per cent.


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