In 1994-95, GDP at current market prices is expected to be Rs.8.87 trillion, or Rs.9,970 per capita. The recent track record on growth rates of GDP in real terms is as follows:
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Growth (%)
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Year GDP Per Capita
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1980-81 7.2 5.2
1981-82 6.1 4.1
1982-83 3.1 1.1
1983-84 8.2 6.2
1984-85 3.8 1.8
1985-86 4.1 2.1
1986-87 4.3 2.3
1987-88 4.3 2.3
1988-89 10.9 8.9
1989-90 5.6 3.6
1990-91 5.2 3.2
1991-92 1.1 -0.9
1992-93 4.3 2.7
1993-94 4.3 2.3
1994-95 5.6 3.6
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The average growth rate of real GDP over the decade of the 1980s was 5.5%.
Centre for Monitoring Indian Economy, Bombay
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Last updated: August 1995.