Per Capita Income

Minister KTR wrote that 155 per cent growth in per capita income is the highest among all states

The latest numbers available are for 2021; income grew at 21.3 per cent between 2015 and 2021 in India

India's per capita income in nominal terms doubled to Rs 1,72,000 since 2014-15 when the Narendra Modi-led NDA came to power but uneven income distribution remains a challenge. As per the National Statistical Office (NSO), the annual per capita (net national income) at current prices is estimated at Rs 1,72,000 in 2022-23, up from Rs 86,647 in 2014-15, suggesting an increase of about 99 per cent. In real terms (constant prices), the per capita income has increased by about 35 per cent from Rs 72,805 in 2014-15 to Rs 98,118 in 2022-23. "You are looking at GDP in current prices, but if you account for inflation, the increase is much less," said noted development economist Jayati Ghosh on doubling of per capita income in nominal terms. She further said distribution is critical. "Most of this increase has accrued to the top 10 per cent of the population. By contrast, median wages are falling, and possibly even lower in real terms," said the former JNU professor. As per the NSO data,

While the e-commerce platforms have seen an uptick in their festival season sale to Rs 24,500 crore, the average user spending has come down significantly

In 2021, govt spent Rs 1,624.4 crore, or 77%, on undertrials alone

Since 1950, India's per capita income (PCI) has jumped over 500 times. In 1950, it stood at Rs 265, and increased to Rs 1,28,829 in 2020-21

Committed expenditures of the state, which has the lowest per capita income, exceed its own revenue by 47% in FY23

Delhi lawmakers just gave themselves a salary hike, joining counterparts in widening the gap with their voters' income

Leave no one behind with sustainable growth and well-being

Bangladesh is likely to topple India again for each of the next six years

Delhi ranked third in terms of per capita income behind Sikkim and Goa, according to the Economic Survey of Delhi 2021-22

In FY21, per capita income had dropped by 4% to Rs 1.29 lakh, showcasing the plight of common man who bore the brunt of lockdown and job losses

Assumes that Singapore's economy grows at a constant rate of 1.8% or lower, Delhi would need to nearly double its growth rate for per capita income to 9.1% to reach Singapore's level by 2047

Delhi Deputy Chief Minister Manish Sisodia said the AAP government's target is to raise Delhi's per capita income to Singapore's level by 2047. In a statement released on Tuesday, Sisodia said the national capital's growth rate has reached 11-12 per cent in the last six years and the per capita income is three times the national average. Highlighting that Delhi is one of the fastest growing states in the country, the deputy chief minister said the Arvind Kejriwal government is committed to fostering a progressive business environment in the city. In Delhi, the growth rate has been 11-12 per cent over the last 5-6 years. Delhi's contribution to the country's GDP is 4.4 per cent despite having only 1.49 per cent of the country's population. Delhi's per capita income is 3 lakh 54 thousand, which is three times the national per capita income standard, Sisodia said. The government intends to raise Delhi's per capita income to that of Singapore by the 100th anniversary of the country's .

India's economic recovery would be sharper compared to Asian peers

On 'more appropriate' economic metric, Bangladesh has not surpassed India and is unlikely to be in future, former chief economic adviser Arvind Subramanian said on Saturday, asserting that GDP per capita is an estimate for one indicator of the average standard of welfare in a country. Congress leader Rahul Gandhi had taken a dig at the government over IMF growth projections showing Bangladesh closing in on India in terms of per capita GDP this year and described it as a "solid achievement" of six years of the BJP's "hate-filled cultural nationalism". Government sources had emphasised that India's Gross Domestic Product (GDP) in terms of purchasing power parity was 11 times more than that of Bangladesh in 2019. "The India-vs.-Bangladesh GDP per capita comparison (post IMF WEO) has sparked anxiety & acrimony. But wrong numbers being compared... "NO, on more appropriate metric, India has not been surpassed and, according to IMF, unlikely to be in near future," Subramanian said in a ..

A bigger danger is that instead of taking corrective action, politicians may double down on past mistakes and seek salvation in autarky

Bangladesh might overtake India this year by per capita income in nominal dollars, but it is not yet close to becoming South Asia's economic powerhouse anytime soon. T N Ninan explains why

Among states, Delhi, Chandigarh, and Gujarat will be the worst hit with PCI falling 15.4 per cent, 13.9 per cent and 11.6 per cent, respectively in FY21

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