The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation on May 31, 2018 released the estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) Q4 of 2017-18 and al income for the financial year 2017-18.
GDP at 2011-12 prices in the fourht quarter Q4 of financial year 2017-18 registered growth rate of 7.7 per cent as against 5.6 per cent, 6.3 per cent and 7.0 per cent respectively, in the first three quarters, Q1, Q2 and Q3 of 2017-18. As per the Provisional estimates of national income, the growth rate of GDP at constant (2011-12) prices for the financial year 2017-18 is estimated at 6.7 per cent.
India's Per Capita Income
India's per capita income grew at a slower pace of 8.6 per cent to Rs. 112,835 during the last fiscal ended March 2018, official data showed on May, 31, 2018. The per capita net national income in 2016-17 stood at Rs 103,870, witnessing a growth of over 10.3 per cent from the preceding fiscal ended March 2016 (at Rs 94,130). The per capita income at current price during 2017-18 is estimated to have attained a level of Rs 112,835 as compared to the estimates for the year 2016-17 of Rs 103,870, showing a rise of 8.6 per cent, showed the provisional estimates of annual income. 2017-18 released by the Ministry of Statistics and Programme implementation (MOSPI).
In real terms, calculated at constant prices with base 2011-12, the per capita income grew by 5.4 per cent to Rs. 86,668 in 2017-18 as compared to Rs 82,229 in 2016-17. The country's gross national income at current prices witness a rise of about 10 per cent at Rs 165.87 trillion during 2017-18 as against Rs 150.77 trillion during 2016-17. The country's gross national income on real terms (with 2011-12 base year), increased at 6.7 per cent to Rs 128.64 trillion in fiscal ended March 2018, as against the previous year's estimate of Rs 120.52 trillion. For fiscal ended March 2017, the real term GNI grew by 7.1 per cent.
