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India’s per capita income
March 16 , 2023
623 days
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- The National Statistical Office (NSO) had released the second advance estimates of national income and expenditure components of GDP, 2022-23.
- India's per capita income has doubled in nominal terms since 2014-15.
- The per capita national income (at current prices) was Rs 86,647 in 2014-15.
- It is now Rs 172,000.
- This is an increase of 98.5%.
- Per capita income is a measure of the average income earned per person in a given area in a specified year.
- It is calculated by dividing the area’s total income by its total population.
- If the per capita population of a country has increased, it doesn’t mean the income of the entire population has increased.
- As per the Oxfam India’s report, the top 1% of the population in India owned more than 40.5% of the total wealth in 2021.
- While the bottom 50% or 700 million people, had around 3% of the total wealth.
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