India may have a per capita income of about $17,000 by the year 2050, which is same as Korea's at present.

Also, incremental demand is expected to rise by 10 percent over the next five years, mainly due to addition of more women to the workforce.

This information was provided by Roopa Purshothaman, chief economist of the Future Group and author of Dreaming with BRICs: The path to 2050, while addressing students of the Indian Institute of Management, Lucknow, on Tuesday.