Second Advance Estimates of National Income 2019-20

Speed Post News Network

New Delhi  : 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  January 31, 2020. The growth in GDP during 2019-20 is estimated at 5 percent as compared to 6.1 percent in 2018-19.The GDP at Current Prices in 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 percent.

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 percent during 2019-20 as against 4.8 per cent in the previous year. The Per Capita Income at current prices during 2019-20 is estimated to be Rs 1,34,432, showing a rise of 6.3 percent as compared to Rs 1,26,521 during 2018-19, according to a PIB release.

The 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 percent.

The Second Advance Estimates for 2019-20 has been released in accordance with the release calendar of National Accounts. Quarterly Estimates of previous years along with the first and second quarter estimates of 2019-20 released earlier have undergone revision in accordance with the revision policy of National Accounts.