January 2011
According to the `Quick estimates` for 2009-10, released by the C.S.O. (Central Statistical Organisation) on 31st January.
Indian GDP growth for 2009-10 revised up to 8% from the 7.4% estimated earlier for the fiscal. It occurred mainly on the better showing by manufacturing and service sectors.
The country`s GDP at factor cost at constant (2004-05) prices in 2009-10 is estimated at Rs 44.94 lakh crores as against Rs. 41.63 lakh crores in 2008-09.
However, at current prices, it is estimated much higher at Rs 61.33 lakh crores as against Rs 52.82 lakh crores in 2008-09.
The per capita income in real terms (at 2004 - 05 prices) is estimated at Rs 33,731 for 2009-10 as against Rs 31,801 in 2008-09.
At current prices, it is estimated at Rs 46,492 for 2009-10 as against Rs 40,605 for 2008-09.
ONGC said it had struck natural gas reserves in its maiden well drilled to tap shale gas in West Bengal. This is the first time gas has been discovered in sedimentary shale gas rocks outside the U.S.and Canada.