New Delhi: The country’s gross domestic product (GDP) registered an annual average growth of 6.6% between 1990 and 2010, Parliament was informed on Thursday.
“Based on the data of world development indicators, the GDP of India at 2000, prices increased from $270.5 billion in 1990 to $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 that there is no indication of any contraction in wealth in the country during the period 1990-2010. Kumar said that as per Forbes magazine, there are 55 Indians who feature in the list of billionaires. “The list of billionaires compiled and published by the magazine on 10 March 2011, includes the names of 55 Indians as dollar-billionaires, i.e. individuals with a total net worth of $1 billion 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.