New Delhi, Jan 31: India's economic growth was pegged at 5.6 per cent in 2001-02 as against a growth of 4.4 per cent during the previous year. As per the quick estimates of national income, GDP at constant prices in 2001-02 was estimated at Rs 12,65,429 crore as against Rs 11,98,685 crore in the previous year. The growth rate of 5.6 per cent in GDP during the fiscal 2001-02 has been attributed mainly to a high growth of 17 per cent in communication, 11.2 per cent growth in hotel and restaurants, 8.7 per cent in trade and 5.7 per cent in agriculture. The quick estimates also revised the growth rate of GDP for 2000-01 to 4.4 per cent as against the earlier estimate of 4.0 per cent. At constant prices, the country's national income rose by 6.2 per cent to Rs 11,15,157 crore in 2001-02 as against Rs 10,50,177 crore in the previous year.

Per capita income during the fiscal 2001-02 rose by 4.3 per cent to Rs 10,754 as against Rs 10,306 the previous year.

The country's Gross Domestic Savings (GDS) increased marginally at Rs 5,49,963 crore in 2001-02 accounting for 24 per cent of the GDP at market prices.

The marginal increase is mainly due to rise in savings by the households and the private corporate sector even as there was a "steep fall" in the savings of the public sector.

The GDS in 2000-01 was Rs 4,91,761 crore accounting for 23.4 per cent of the country's GDP.

Households savings in financial assets rose to Rs 2,56,647 crore in 2001-02 as compared to Rs 2,17,841 crore in the previous year while that in the physical assets it went upto Rs 2,58,918 crore from Rs 2,35,800 crore in the previous year.

Bureau Report