India's GDP Growth Estimated At 4.7% In December Quarter, FY20 GDP Projected At 5%

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the Second Advance Estimates of National Income, 2019-20 as well as Quarterly Estimates of GDP for the quarter October-December (Q3), 2019-20 along with the corresponding quarterly estimates of expenditure components of GDP both at Constant (2011-12) and Current Prices.

Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2019-20 is estimated to attain a level of Rs 146.84 lakh crore, as against the First Revised Estimate of GDP for the year 2018-19 of Rs 139.81 lakh crore, released on 31st January 2020. The growth in GDP during 2019-20 is estimated at 5% as compared to 6.1% in 2018-19.

 

GDP at Current Prices in the year 2019-20 is estimated to attain a level of Rs 203.85 lakh crore, as against Rs 189.71 lakh crore in 2018-19, showing a growth rate of 7.5%.

The Per Capita Income in real terms (at 2011-12 Prices) during 2019-20 is estimated to attain a level of Rs 95,706 as compared to Rs 92,085 in the year 2018-19, giving a growth of 3.9% during 2019-20, as against 4.8% in the previous year. The Per Capita Income at current prices during 2019-20 is estimated to be Rs 134,432, showing a rise of 6.3% as compared to Rs 1,26,521 during 2018-19.

GDP at Constant (2011-12) Prices in Q3 of 2019-20 is estimated at Rs 36.65 lakh crore, as against Rs 35.00 lakh crore in Q3 of 2018-19, showing a growth of 4.7%. This marks a slight growth from 4.5% in the previous quarter.

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