Per capita gross domestic product is an approximation of the value of goods produced per person in the country, equal to the country's GDP divided by the total number of people in the country.
The per capita supply of the foodgrain fell to 436 grams a day in 2008, compared with 442.8 grams in 2007 and 445.3 grams the year before, according to the data presented by the minister of state for agriculture, K V Thomas, in a written reply in the Lok Sabha on Tuesday. The per capita supply dipped even though the country's foodgrain production touched an all-time-high of 230.78 million tonnes in 2007-08, followed by another year of bumper output at 233.88 MT.
'Over the next 20 years, we would be adding almost 10 million people to the workforce every year!' 'And we won't be able to give employment to even 2 million out of the 10 million every year.' 'Don't forget, it keeps adding every year.'
It expects rainfall to be about 106 per cent of the long period average, aided by La Nia conditions anticipated to play a role in the second half of the monsoon season.
Global rating agency Fitch on Thursday affirmed India's 'BBB-' rating with a stable outlook on strong growth outlook and fiscal credibility. Fitch said India is set to remain among the fastest-growing sovereigns globally with GDP growth of 7.2 per cent in the current fiscal year and 6.5 per cent in FY26, down from 8.2 per cent in FY24. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook," the global rating agency said in a statement.
Crisil Ratings on Wednesday projected India's GDP growth at 6.8 per cent in the next fiscal and said the country will become an upper middle-income nation by 2031 with the economy doubling to $7 trillion. In its India Outlook report, Crisil said the Indian economy will take support from domestic structural reforms and cyclical levers and can retain -- perhaps even improve -- its growth prospects to become the third largest economy by 2031. "After a better-than-expected 7.6 per cent this fiscal, India's real GDP growth will likely moderate to 6.8 per cent in fiscal 2025," said the Crisil India Outlook report.
Per capita income can be calculated for a country by dividing the country's national income by its population.
Per capita income in India has doubled between 2004-05 and 2010-11 to touch Rs 54,835 per annum. The PCI figure gives a fair idea of the standard of living of the people. India's per capita income in 2009-10 was Rs 46,492.
The average monthly per capita consumer expenditure in the country was Rs 554 for the rural areas, while for urban India it was Rs 1,022 according to the National Sample Survey, the Lok Sabha was informed on Wednesday.
The state's economic health is in focus as it has consistently breached the fiscal deficit in eight of the last 10 years since Telangana's formation.
The finding is part of a research report by Deutsche Bank
Let's take a look at some countries that have most billionaires per capita.
Let's take a look at per capita income in India and around the world.
IndiGo has delivered impressive operating performance in the past six quarters as it navigated cost and capacity challenges. It has managed to mitigate the impact of faulty engine-related groundings. The airline has also managed costs related to grounding, expensive secondary leasing, increasing airport charges, and pilot compensation inflation and delivered stronger yields and spreads.
The average income of a person in Bihar was lowest in the country for the year 2006-07, with the monthly income of a person in the state being just a little over Rs 800, Lok Sabha was informed on Wednesday.
CapitaLand, the Singapore state-owned developer, is set to make one of the biggest bets by a foreign company on India's retail property boom, investing in 15 shopping centres worth S$2.1bn ($1.46bn) in association with two Indian construction and property groups.
India's per capita income rose by 5.2 per cent to Rs 12,416 (about $285) during 2004-05.
Though India's per capita income is estimated to grow above Rs 60,000 per annum or over Rs 5,000 per month, it is ranked at 135 when compared to other nations.
The per capita income at current prices for the year 2004-05 is estimated at Rs 16,414 in rural areas and Rs 44,172 in urban areas.
In an indication of sustained economic growth, the per capita income in the national capital has increased to Rs 78,690 in the financial year 2007-08 as against the national figure of Rs 33,283.
India scores a pitiable rank at 127 in terms of per capita income.
'The conspiracy is to end India's entrepreneurship culture even before it fully blooms.' 'Negativity is being spread in society towards all those who do business, and this hatred for business and wealth creators is spilling everywhere.'
Mortgage finance remains a structural growth opportunity in India with a policy focus on affordable housing, housing shortages, low mortgage penetration, and rising incomes as drivers. Affordable Housing Finance Companies (AHFCs) serve the mass market, low-income segments, which is the least-serviced category, and to operate in this segment, the mortgage provider needs good assessment skills. AHFCs and HFCs have also been increasing exposure in other mortgage segments (loan against property, developer loans among others).
Tax devolution shares, which threaten to create a north-south divide among states, may have more to do with per capita income, and not so much with population.
Per capita income is a crude indicator of the prosperity of a country.
Could the MPCE survey results be used as a basis of reconstructing the Consumer Price Index with new weights, asks Madan Sabnavis.
Per capita income of Indians grew by 14.5 per cent to Rs 46,492 in 2009-10 from Rs 40,605 in the year-ago period, as per the revised data released by the government on Monday.
Gross state domestic product of the city went up by 10.53 per cent.
The per capita annual income in the national capital has increased to Rs. 2.01 lakh in 2012-13 compared to Rs 1.73 lakh in the previous fiscal, which is three times the national average and highest in the country.
'If such a practice were feasible, every state would seek additional funds, posing a significant risk to the overall health of the economy.'
India's economic growth accelerated to 8.4 per cent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining & quarrying and construction sectors. The Indian economy recorded a growth of 8.4 per cent in the third quarter of this fiscal (October-December 2023), according to data released by the National Statistical Office (NSO) on Thursday.
Chandigarh has highest per capita income of Rs 67,370 per annum, followed by Pondicherry (Rs 56,034) and Delhi (Rs 53,976).\n\n
Commerce and Industry Minister Piyush Goyal on Wednesday questioned Amazon's announcement of $1 billion investment in India, saying the US retailer was not doing any great service to the Indian economy but filling up for the losses it had suffered in the country. He said that their huge losses in India "smells of predatory pricing", which is not good for the country as it impacts crores of small retailers.
Long-term macro trends indicate growth in demand for air travel. Trends from the ticketing website MakeMyTrip indicate a likely annual growth of between 11-17 per cent in Indian air travel demand over FY24-30. Through that period, InterGlobe Aviation or IndiGo may continue to make gains in market share in both domestic and international travel, aided by large fleet additions. IndiGo is the largest global customer of Airbus by far with 950 aircraft orders outstanding.
Mahanagar Gas (MGL) has just hiked prices for compressed natural gas (CNG) and domestic piped natural gas (PNG) in the Mumbai Metro Area. The distributor raised prices by Rs 1.50 per kilogramme (kg) for CNG, bringing the price up to Rs 75 per kg, including taxes. Domestic PNG prices were hiked from Rs 1 per standard cubic meter (SCM) to Rs 48 per SCM, inclusive of taxes.
Singapore government's sovereign wealth fund Temasek is looking to invest $10 billion in India during the next three years, Ravi Lambah, Temasek's head of India and strategic initiatives, said.
The per capita income of India has grown 209 per cent from Rs 17,736 to Rs 54,835 during the years 2001 to 2011. Explore the map to see where your state stands.
The national per capita income in 2013-14 stood at Rs 87,748.
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