GROWTH RATE INCREASED IN LAST QUARTER AND PER CAPITA INCOME ALSO INCREASED


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In the last quarter (January-March) of financial year 2009-10 the growth rate of India has crossed 8.6%. This growth rate has pushed Indian economy to cross the estimated growth rate for whole year 7.2% to 7.4%. It was totally unexpected, but it was led by manufacturing by 10.8%.

Per capita income, i.e. average income of Indians has reached Rs. 44345 in 2009-10, whereas it was Rs. 40141 in 2008-09. Thus, there is a 10.5% growth in per capita income in current financial year. One factor for this growth is inflation.





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