Question: As per the report on First Advance Estimates of National Income, 2018-19 the Per Capita Net National Income during 2018-19 is estimated to be around-
(a) Rs 1,25,397
(b) Rs 1,40,500
(c) Rs 1,50,500
(d) Rs 1,60,500
Answer: (a)
Related facts:
- The Per Capita Net National Income during 2018-19 is estimated to be Rs 1, 25,397 showing a rise of 11.1 % as compared to Rs 1, 12,835 during 2017-18 with the growth rate of 8.6 %.
- The Central Statistics Office (CSO), has released the First Advance Estimates of National Income at Constant (2011-12) and Current Prices, for the financial year 2018-19.
- For the year 2018-19, the Budget Estimates of Tax Revenue as provided by Controller General of Accounts (CGA) has been used for estimating taxes on products at Current Prices.
- Real GDP or Gross Domestic Product (GDP) at Constant Prices (2011-12) in the year 2018-19 is likely to attain a level of Rs 139.52 lakh crore, as against the Provisional Estimate of Gross Domestic Product (GDP) for the year 2017-18 of Rs 130.11 lakh crore, released on 31st May 2018.
- The growth in GDP during 2018-19 is estimated at 7.2percent as compared to the growth rate of 6.7per cent in 2017-18.
- The growth in GDP (Gross Domestic Product) during 2018-19 is estimated at 7.2 percent as compared to the growth rate of 6.7 percent in 2017-18.
- Real GVA, i.e. GVA (Gross Value Added) at Basic Constant Prices (2011-12) is anticipated to increase from Rs 119.76 lakh crore in 2017-18 to Rs 128.09 lakh crore in 2018-19. Anticipated growth of real GVA at Basic Prices in 2018-19 is 7.0percentas against 6.5percent in 2017-18.
Links:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=187267
https://www.businesstoday.in/current/economy-politics/gdp-advance-estimates-govt-pegs-economic-growth-at-7.2-pct-for-fy19/story/307693.html