These advance estimates are based on anticipated level of agricultural and industrial production, analysis of budget estimates of government expenditure and performance of key sectors like, railways, transport other than railways, communication, banking and insurance, available so far.

Gross Domestic Product (GDP) at factor cost at constant (2004-05) prices in the year 2009-10 is likely to attain a level of Rs. 44, 53,064 crore, as against the Quick Estimates of GDP for the year 2008-09 of Rs. 41, 54,973 crore, released on 29 January 2010. The growth in GDPduring 2009-10 is estimated at 7.2% as compared to the growth rate of 6.7% in 2008-09.

The growth rate of 7.2% in GDP during 2009-10 has been due to the growth rates of over 5% in the sectors of 'mining & quarrying', 'manufacturing', 'electricity, gas and water supply', 'construction', 'trade, hotels, transport and communication', 'financing, insurance, real estate and business services', and 'community, social and personal services'.

Expected fall in agri output

The 'agriculture, forestry and fishing' sector is likely to show a decline of 0.2% in its GDP during 2009-10, as against the previous year's growth rate of 1.6 %. According to the information furnished by the Department of Agriculture and Cooperation (DAC), which hasbeen used in compiling the estimate of GDP from agriculture in 2009 10, production of foodgrains and oilseeds is expected to decline by 8% and 5%, respectively, as compared to the previous agriculture year. While production of cotton is expected to rise by 0.2%, that of sugarcane is expected to decline by 11.8% in 2009-10. Among thehorticultural crops, production of fruits and vegetables is expected to increase by 2.5% and 4.8%, respectively, during the year 2009-10.

National income

The net national income (NNI) at factor cost, also known as national income, at 2004-05 prices is likely to be Rs. 39, 24,183 crore during 2009-10, as against the previous year's Quick Estimate of Rs. 36, 72,192 crore. In terms of growth rates, the national income isexpected to rise by 6.9 % during 2009-10 in comparison to the growth rate of 6.4% in 2008-09.

The per capita income in real terms (at 2004-05 prices) during 2009-10 is likely to attain a level of Rs. 33,540 as compared to the Quick Estimate for the year 2008-09 of Rs. 31,821. The growth rate in per capita income is estimated at 5.4 % during 2009-10, as against the previous year's estimate of 5.0%.

Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs. 35, 64,405 crore in 2009-10 as against Rs. 32,18,198 crore in 2008-09. At constant (2004-05) prices, the PFCE is estimated at Rs. 27,64,261 crore in 2009-10 as against Rs. 26,55,533 crore in 2008-09. In terms of GDP at market prices, the rates of PFCE at current and constant (2004-05) prices during 2009-10 are estimated at 57.8% and 58.0%, respectively, as against the corresponding rates of 57.7% and 59.5%, respectively in 2008-09.

Government Final Consumption Expenditure (GFCE) at current prices is estimated at Rs. 7,45,680 crore in 2009-10 as against Rs. 6, 53,132 crore in 2008-09. At constant (2004-05) prices, the GFCE is estimated at Rs. 5,54,000 crore in 2009-10 as against Rs. 5,12,126 crore in2008-09. In terms of GDP at market prices, the rates of GFCE at current and constant (2004-05) prices during 2009-10 are estimated at 12.1% and 11.6 %, respectively, as against the corresponding rates of 11.7 % and 11.5 %, respectively in 2008-09.

Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs. 19, 93,347 crore in 2009-10 as against Rs. 18, 38,499 crore in 2008-09. At constant (2004-05) prices, the GFCF is estimated at Rs. 15, 48,100 crore in 2009-10 as against Rs.14,71,161 crore in 2008-09. In terms of GDP at market prices, the rates of GFCF at current and constant (2004-05) prices during 2009-10 are estimated at 32.3% and 32.5%, respectively, as against the corresponding rates of 33.0% and 32.9%, respectively in 2008-09.

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