Economy

India's annual average GDP growth at 6.6% in 1990-2010

PTI New Delhi | Updated on August 18, 2011 Published on August 18, 2011

The country’s gross domestic product registered an annual average growth of 6.6 per cent between 1990 and 2010, Parliament was informed today.

“Based on the data of world development indicators, the GDP of India at 2000 prices increased from $270.5 billion in 1990 to $971.5 billion in 2010 registering an annual average growth rate of 6.6 per cent in real terms,” the Minister of State for Planning, Mr Ashwani Kumar, said in a written reply to Rajya Sabha.

He said there is no indication of any contraction in wealth in the country during the period 1990-2010.

Mr Kumar said as per the ‘Forbes’ magazine, there are 55 Indians who feature in a list of billionaires.

“The list of billionaires compiled and published by Forbes magazine on March 10, 2011, includes the names of 55 Indians as ‘dollar-billionaires’, i.e. individuals with a total net worth of one billion dollars and above,” he said.

The minister added that these 55 Indians account for roughly 4.5 per cent of the total 1,210 billionaires across the world.

Published on August 18, 2011
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