Per capita income has been steadily growing over the last five years. The annual increase has been 6 per cent in 2000-01, 7.7 per cent in 2001-02, 6.8 per cent in 2002-03, 10.2 per cent in 2003-04 and 11.1 per cent during 2004-05, as per a report of ministry of statistics and programme implementation.
This is against the increase of 3.8 per cent, 4.3 per cent, 4 per cent, 3.9 per cent and 3.8 per cent respectively in the consumer price index for industrial workers during the period, an official release quoting the report said.
According to the report, per capita income in real terms also (at 1993-94 prices), grew over 9 per cent during 2004-05 to Rs 12,416 compared to Rs 11,799 in the previous year.
The GDP in real terms grew 6.9 per cent during 2004-05. The rate of gross domestic savings (as percentage of GDP at market prices) during 2003-04 was 28.1 per cent as against 26.1 per cent in the previous year.
The Gross Domestic Capital Formation also rose by 26.3 per cent during 2003-04 against 24.8 per cent in the previous year.
According to the revised estimates of annual national income during 2004-05, the GDP at current prices during the year was estimated at Rs 28,30,465 crore (Rs 28304.65 billion), indicating a growth of 12.3 per cent over the quick estimates of GDP for the year 2003-04, which was estimated at Rs 25,19,785 crore (Rs 25197.85 billion).
The national income at current prices for the year 2004-05 also showed an increase of 12.6 per cent, the release said.
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