India’s per capita income has grown up to Rs. 46,492 from Rs. 40,605 in 2009-10
February 1, 2011 Leave a comment
According to the government announcement, India's per capita income has grown up to Rs. 46,492 from Rs. 40,605 in 2009-10. As per the revised data the per capita income rose about 14.5 per cent.
Output of the six core infrastructure industries grew by a healthy 6.6 per cent in December, 2010, an indicator that the Indian economy is on a firm wicket. The data released by the Industry Ministry today revealed that the six core sectors — crude oil, petroleum refinery products, coal, electricity, cement and finished steel — expanded by 6.2 per cent in December, 2009. The 6.6 per cent growth charted in December, 2010, is significantly higher than the 3 per cent expansion recorded in the previous month and it is all set to lift the index of industrial production or IIP numbers for December. Industrial output, as measured by the IIP, had sunk to an 18-month low of 2.7 per cent in November, 2010. These core industries account for 26.68 per cent of the country's total industrial output. Petroleum refinery output grew by 8.3 per cent, while production of coal registered 3 per cent growth in December, 2010.
However, growth in cement production slowed to 2.2 per cent in December, 2010, compared to 11 per cent expansion in December, 2009. Finished steel production grew by 11.2 per cent in December, 2010, from 9.6 per cent in the comparable period a year ago.