The country's economy, or gross domestic product (GDP), had expanded at 4.5 percent in 2012-13, the slowest pace in the past decade. (Agencies)
Growth in 2013-14 was less than the Central Statistics Office's advance estimate of 4.9 percent. The economy expanded 4.4 percent in the fourth quarter (January-March) of 2012-13, according to official data released here on Friday by the Central Statistics Office (CSO).
The manufacturing sector declined 1.4 percent in the fourth quarter as against growth of 3 percent a year ago and contracted 0.7 percent in the financial year compared with growth of 1.1 percent in 2012-13.
Mining and quarrying contracted 0.4 percent in the January-March quarter as against a decline of 4.8 percent in the same period of 2012-13. During 2013-14, the sector's output shrank 1.4 percent compared with a 2.2 percent dip in production in 2012-13.
Farm output expanded 6.3 percent in January-March compared with 1.6 percent growth in same period of 2012-13. The agriculture sector grew 4.7 percent in 2013-14 compared with 1.4 percent in the previous financial year.
Per capita net national income in real terms (at 2004-05 prices) in 2013-14 is estimated to have attained a level of Rs 39,904 compared with Rs 38,856 in 2012-13.
The growth in per capita income is estimated at 2.7 percent during 2013-14 against 2.1 percent during 2012-13.
Per capita income at current prices during 2013-14 is estimated to have climbed to Rs 74,380 from Rs 67,839 in 2012-13, a rise of 9.6 percent.
Gross Fixed Capital Formation (GFCF), a barometer of investment at current prices, is estimated at Rs 32.11 lakh crore in 2013-14 as against Rs 30.72 lakh crore in 2012-13.
At constant (2004-05) prices, GFCF is estimated at Rs 20 lakh crore in 2013-14 as against Rs 20.02 lakh crore in 2012-13.
The country's economy, or gross domestic product (GDP), had expanded at 4.5 percent in 2012-13, the slowest pace in the past decade.