India's annual GDP growth at 9.4%

New Delhi, May 31 (UNI) India's GDP for the fiscal ended March 2007 grew at 9.4 per cent, higher than the government's estimate of 9.2 per cent, official data said today.

According to the Central Statistical Organisation's (CSO) revised estimates of annual national income and quarterly estimates of GDP, during the quarter ended March 2007 country's economy grew 9.1 per cent.

The GDP growth rate at constant prices in 2004-05 was 7.5 per cent and nine per cent in 2005-06.

The CSO also estimated the growth rate in per capita income at 8.4 per cent during 2006-07. In 2004-05 it was 5.7 per cent and 2005-06 it was 7.4 per cent.

The growth rate of the National Income (NI) has been estimated to rise to 9.9 per cent during 2006-07 in comparison to 9.1 per cent in 2005-06, it said.

The Net National Product (NNP) at factor cost, also known as national income, at 1999-2000 constant prices is estimated at Rs 25,22,576 crore as compared to Rs 25,15,372 crore estimated earlier during 2006-07.

This is against the previous year's Quick Estimate (QE) of Rs 22,95,243 crore.

The per capita income in real term at 1999-2000 prices during 2006-07 is estimated to attain a level of Rs 22,483 as against Rs 22,379 as estimated on February 7 this year as compared to the QE for the year 2005-06 of Rs 20,734.

The NNP of NI at factor cost at current prices is now estimated at Rs 32,96,639 crore during 2006-07 as compared to Rs 28,46,762 crore during 2005-06 -- showing a rise of 15.8 per cent.

The per capita income at current prices during 2006-07 is estimated to attain a level of Rs 29,382 as compared to the QE for the year 2005-06 of s 25,716 -- a rise of 14.3 per cent.

The GDP at the current prices in the year 2006-07 is estimated at Rs 37,43,472 crore showing a growth rate of 15.2 per cent over the QE of GDP for the year 2005-06 of Rs 32,50,932 crore as released on January 31, 2007.

MORE UNI