Internet subscribers, income growth, literacy and dependency ratio are the biggest drivers of growth.
The "huge mountain of debt" in developed economies and the risk of a possible unravelling is a matter of concern for India, Union Minister for Railways, Information & Broadcasting, Electronics & Information Technology Ashwini Vaishnaw said on Wednesday, pointing to the recent spike in Japanese bond yields.
Growth rate in per capita income is projected to fall to the lowest in 21 years this financial year - except for the financial years 2019-20 (FY20) and 2020-21 (FY21) - according to the first advance estimates. During the last 21 years, the two periods - FY20 and FY21 - saw growth rates in per capita income lower than 7.9 per cent, seen during FY24. This was despite the real gross domestic product (GDP) being projected to grow by 7.3 per cent in the current financial year by the first advance estimates.
CA Sumeet Mehta analyses the Union Budget 2026-2027, identifying key positives and negatives.
'It is too early to conclude that there will be a bloodbath, that there will be no jobs, and that there will be civil unrest.' 'Let's calm down.' 'AI is a tool, it is not a weapon, it is not a virus.'
In terms of MLA salaries, Odisha is followed by Telangana (about Rs 2.7 lakh), Maharashtra (Rs 2.6 lakh), Manipur (Rs 2.5 lakh), and Uttar Pradesh (Rs 2.4 lakh).
India's per capita income grew by 10.5 per cent to Rs 44,345 in 2009-10 against Rs 40,141 in the year-ago period, according to government data.
Kerala has overtaken more industrialised states in personal electric vehicle adoption, driven by strong middle-class uptake, policy support, and charging infrastructure.
The Congress party has strongly criticized the Union Budget, calling it 'lacklustre' and 'disappointing,' claiming it fails to address the needs of farmers, unemployed youth, and other key sectors.
The country's per capita income is likely to grow by close to 70 per cent to $4,000 by fiscal 2030 from $2,450 in fiscal 2023, helping it become a middle-income economy with $6-trillion GDP, more than half of which will be coming in from household consumption, says a research report. Per capita income/GDP has risen from $460 in fiscal 2001 to $1,413 in fiscal 2011 and further to $2,150 in fiscal 2021. The biggest growth driver will be external trade which may nearly double to $2.1 trillion by 2030 from $1.2 trillion in fiscal 2023 when the GDP printed in at $3.5 trillion, Standard Chartered Bank said in a weekend report which assumes a 10 per cent nominal GDP growth annually from now on.
India has become the fourth largest economy in the world, yet it lags behind several nations in per capita income.
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Puducherry recorded the second highest per capita income in the country at Rs 1,75,006.
India lags behind 132 countries in per capita income.
The share of services in gross value added (GVA) in 2023-24 was the highest in Chandigarh (88.8 per cent), followed by Delhi (84.1 per cent), said a NITI Aayog report released recently.
The key question is how much of the latest growth record represents recovery from the 2020-2021 downturn, and what is the sustainable growth rate now, asks T N Ninan.
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.
India's per capita income rose by 5.2 per cent to Rs 12,416 (about $285) during 2004-05.
'Given that the population is almost evenly split, the Indian economy cannot grow without women participating in the workforce.' 'While women's participation has increased, it is still well below 40 per cent,' says Kartik Narayan, CEO of the professional networking and jobs platform, Apna.
Per capita income can be calculated for a country by dividing the country's national income by its population.
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.
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.
India needs to increase the investment rate to 34-35 per cent from 31-32 per cent currently to achieve a growth rate of 7 per cent and above, said S Mahendra Dev, chairman, economic advisory council (EAC) to the Prime Minister, on Wednesday.
The finding is part of a research report by Deutsche Bank
India scores a pitiable rank at 127 in terms of per capita income.
The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a "landmark step" for making insurance affordable and inclusive. In a panel discussion at the Business Standard BFSI Insight Summit 2025, Anup Bagchi, managing director (MD) & chief executive officer (CEO) of ICICI Prudential Life Insurance; Mahesh Balasubramanian, MD & CEO of Kotak Life Insurance; Tarun Chugh, MD & CEO of Bajaj Life Insurance; and Ratnakar Patnaik, MD of Life Insurance Corporation of India (LIC), listed what else the industry needs to reach more people.
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.
The demand growth in the low-income category is expected to be driven mainly by packaged branded sugar as well as traditionally consumed gur (jaggery) and khandsari.
Let's take a look at per capita income in India and around the world.
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.
The per capita income of Indians as gleaned from income-tax filing is expected to increase from Rs 2 lakh in FY23 to Rs 14.9 lakh in FY47, coinciding with 100 years of the country's Independence, according to SBI Research. In dollar terms it will increase from about $2,500 in FY23 to $12,400 in FY47. Soumya Kanti Ghosh, group chief economic adviser, State Bank of India, said the weighted mean income was Rs 4.4 lakh in AY14. That rose to Rs 13 lakh in FY23.
According to data released by the Central Statistical Organisation, India's per capita income has increased by over one-third from Rs 26,003 in 2005-06 to Rs 37,490 in 2008-09, Minister of State for Finance Namo Narain Meena told the Rajya Sabha in a written reply.
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
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.
An average Indian will see only 5.2 per cent rise in income at Rs 12,414 though the economy is expected to log 6.9 per cent growth this fiscal.
In consonance with the projected fall in GDP growth to 4.4 per cent during 2002-03, the national income and the per capita income are also estimated to fall to 4.2 per cent and 2.4 per cent respectively during the current fiscal.
Per capita income, according to advance estimates for national income released, is expected to grow by 14.4 per cent during the current fiscal, the highest growth rate recorded in a single year in the last decade. It is expected to soar by Rs 4,801 to Rs 38,084 during 2008-09, which means the per capita income has more than doubled in the last seven years.
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.
If Xi Jinping is dethroned in the future, the instrument for that may well be embedded within the PLA, notes former foreign secretary Shyam Saran.
India's per capita income, a gauge for measuring living standard, is estimated to have gone up 11.7 per cent to Rs 5,729 per month in 2012-13 at currentprices, compared with Rs 5,130 in the previous fiscal.
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