Kerala Economic Review 1979

Abstract

The year 1979-80 being the terminal year of the second development decade, it may be appropriate to briefly indicate a broad over-view of the trends in the major sectors of the economy over the last ten years. India's population which stood at 540 million in 1970-71 is estimated to have increased to 650 million by 1979-80 representing an annual growth rate of 2.1 per cent. During the same period, national income in real terms grew at an average annual rate of 2.5 per cent. In terms of per capita real income, the annual rate of increase was, however only 0.3 per cent.