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09-Aug2018

India's average per capita income at Rs 79,882 in last four years

In an encouraging development, the government has said that India's average per capita income in the last four financial years was higher at Rs 79,882 as compared to the preceding four fiscals. In contrast, from 2011-12 to 2014-15 it was Rs 67,594.

Minister of State for Statistics Vijay Goel said that the average Per Capita NNI (net national income) in the country during 2011-12 to 2014-15 is estimated at Rs 67,594 whereas average Per Capita NNI in the country during 2014-15 to 2017-18 is estimated at Rs 79,882. As per the report, the per capita income grew by 4.6 percent in 2013-14 to Rs 68,572; 6.2 percent to Rs 72,805 in 2014-15; 6.9 percent to Rs 77,826 in 2015-16 and by 5.7 percent to Rs 82,229 in 2016-17.

Meanwhile, the Ministry of Statistics and Programme Implementation (MOSPI) data had showed that India's per capita income grew at a slower pace of 8.6 percent to Rs 1,12,835 during the last fiscal ended March 2018. The per capita net national income in 2016-17 stood at Rs 1,03,870, witnessing a growth of over 10.3 percent from the preceding fiscal ended March 2016 (at Rs 94,130). The per capita income is a crude indicator of the prosperity of a country.



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