Estimation of Per- Capita Income and Gross Domestic Product

Minister of State (Independent Charge) for Statistics & Programme Implementation Shri Rao Inderjit Singh has said that State estimates of Per Capita Income and Gross Domestic Product are compiled by concerned State Governments. The estimates available for the last three years are given at Annex.

          In a written reply in the Rajya Sabha today Shri Singh said, the Government has undertaken several steps to increase per-capita income in the country. The steps include skill development in both rural and urban areas; proposals to boost agriculture including technology driven second green revolution with focus on higher productivity; development of industrial corridors with emphasis on Smart Cities linked to transport connectivity to spur growth in manufacturing; incentives for the sectors like power, food processing and packaging machinery;  and rationalization of duties of specific commodities– all of which are likely to result in high growth in production, improved employment opportunities and hence, higher per capita income.

The Minister said, similarly, to contain inflation, some of the measures taken by the Government recently include recommending the delisting of fruits & vegetables from the purview of Agricultural Produce Marketing Committee Acts of the States; reducing import duties for wheat, onion, pulses and refined edible oils; banning export of certain edible oils and pulses; imposing stock limits to prevent hoarding and black marketing in the case of select essential commodities; suspending Futures trading in rice, urad and tur; inclusion of onions and potatoes under the purview of stock holding limits under the Essential Commodities Act, 1955. The Union Budget 2014-15 outlines the measures to bring down inflation on a sustainable basis that inter alia include: laying emphasis on bringing technology driven second green revolution with focus on higher productivity and “Protein revolution”; establishing a Price Stabilization Fund to mitigate the risk of price volatility in the agriculture produce; accelerating the setting up of a National Market and re-orientation of State APMC Acts; encouraging farmers’ markets in towns to enable the farmers to sell their produce directly; restructuring FCI on priority basis and reducing transportation and distribution losses and improving efficacy of the public distribution system.

Shri Singh said, apart from the above administrative and fiscal measures taken by the Government, the Reserve Bank of India (RBI) has taken necessary monetary measures to moderate demand to levels consistent with the capacity of the economy, with a view to containing inflation and anchoring inflation expectations.

Click here to see Annexure: