The country's Gross Domestic Product registered an annual average growth of 6.6% between 1990 and 2010, Parliament was informed today.
The country's Gross Domestic Product registered an annual average growth of 6.6% 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 USD 270.5 billion in 1990 to USD 971.5 billion in 2010 registering an annual average growth rate of 6.6% in real terms," Minister
of State for Planning 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. 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% of the total 1,210 billionaires across the world.In reply to a question on public distribution system, Kumar said the World Bank has brought out a report titled 'Social Protection for a Changing India' and has used data from the National Sample Survey to analyse the performance of the PDS.
"As one of several options, it recommends offering households the option of a cash transfer where appropriate. Other suggestions include improving viability of fair price shops, decentralisation of grain purchases, strengthening the
use of information and communication technology, etc.," he said.
The country's Gross Domestic Product registered an annual average growth of 6.6% 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 USD 270.5 billion in 1990 to USD 971.5 billion in 2010 registering an annual average growth rate of 6.6% in real terms," Minister
of State for Planning 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. 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% of the total 1,210 billionaires across the world.In reply to a question on public distribution system, Kumar said the World Bank has brought out a report titled 'Social Protection for a Changing India' and has used data from the National Sample Survey to analyse the performance of the PDS.
"As one of several options, it recommends offering households the option of a cash transfer where appropriate. Other suggestions include improving viability of fair price shops, decentralisation of grain purchases, strengthening the
use of information and communication technology, etc.," he said.