(a) the projected Gross Domestic Product Growth during the
next two years, year-wise;
(b) whether it is the same as projected by the RBI; and
(c) if not, the reasons therefor?
(a) the projected Gross Domestic Product Growth during the
next two years, year-wise;
(b) whether it is the same as projected by the RBI; and
(c) if not, the reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL)
(a), (b) & (c): As per the Advance Estimates released by
the Central Statistical Organisation, the growth rate
in real gross domestic product (GDP) at factor cost
is estimated at 6 per cent for 2000-2001. Growth targets
are not fixed annually. However, the GDP growth target
for the Ninth Five Year Plan (1997-2002) is fixed at 6.5
per cent per annum on an average. The Reserve Bank of
India in their Mid-Term Review of Monetary and Credit
Policy has placed the growth in real GDP in the range
6.0 - 6.5 per cent for 2000-2001.