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First Advance Estimates of National Income, 2018-19

First Advance Estimates of National Income, 2018-19

The Central Statistics Office (CSO) under the Ministry of Statistics and Programme Implementation has released the first advance estimates of National Income for 2018-19.

National Income for 2018-19

The Indian economy is expected to grow at 7.2% in the financial year 2018-19 which is higher than the 6.7% GDP growth in the previous financial year 2017-18.

The Real GVA (Gross Value Added) is expected to grow at 7% in the current fiscal as against 6.5 per cent in 2017-18.

The CSO estimates that the expansion in activities in agriculture, forestry and fishing is likely to increase to 3.8 per cent in the current fiscal from 3.4% in the preceding year.

The manufacturing sector is expected to grow at 8.3 per cent in 2018-19, up from 5.7 per cent in 2017-18.

India’s per capita income in real terms (at 2011-12 prices) during 2018-19 is likely to attain a level of Rs 91,921 as compared to Rs 86,668 for the year 2017-18. The per capita income would grow at a rate of 6.1 per cent.

CSO

The Central Statistics Office (CSO) under the Ministry of Statistics and Programme Implementation coordinates the statistical activities in the country and evolves statistical standards.

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