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UPSC Civil Services 2011 Prelims General Studies Paper I

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Question : 82

Total: 100

In the context of Indian economy, consider the following statements
1. The growth rate of GDP has steadily increased in the last five years.
2. The growth rate in per capita income has steadily increased in the last five years.
Which of the statements given above is/are correct ?

1 only
2 only
Both 1 and 2
Neither 1 nor 2

Solution:

Data categories and components	Units	2005-06	2006-07	2007-08	2008-09	2009-10	2009-11
GDP and Related indicators
GDP (Current market Prices)	₹ crore	3692485	4293672	4986426	5582623PE	6550271CE	7877947AE
Growth Rate	%	13.9	16.3	16.1	12	17.3	20.3
GDP (factor cost 2004-05 prices)	;₹ crore	3254216	3566011	3898958	4162509PE	4493743CE	879232AE
Growth Rate	%	9.5	9.6	9.3	6.8	8.0	8.6
Saving Rate	% of GDP	33.5	34.6	36.9	32.2	33.7	na
Capital Formation (Rate)	% of GDP	34.7	36.7	38.1	34.5	36.5	na
Per Cap. Net National Income
(Factor cost at current prices)	₹	27123	31198	35820	40605	46492	54527

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