India’s per capita income rises by 7.4 per cent

RSTV Bureau
India's per capita income tops over Rs. 93,000 per year.

India’s per capita income tops over Rs. 93,000 per year.

As per the official data released Tuesday, India’s per capita income rose by 7.4 per cent to Rs 93,293 in 2015-16, compared to Rs 86,879 in the preceding fiscal.

“The per capita income at current prices during 2015-16 is estimated to have attained a level of Rs 93,293 as compared to the First Revised Estimate for the year 2014-15 of Rs 86,879 showing a rise of 7.4 per cent,” as per data on Provisional Estimates of Annual National Income and Quarterly Estimates of Gross Domestic Product 2015-16.

The data was released by the Ministry of Statistics and Programme Implementation.

Per capita income is a broad indicator of prosperity. In real terms, the per capita income (at 2011-12 prices) during 2015-16 is estimated to have attained a level of Rs 77,435, up 6.2 per cent from Rs 72,889 for the year 2014-15.

The Gross National Income (GNI) at 2011-12 prices is now estimated at Rs 112.13 trillion as against Rs 112.14 trillion estimated earlier for 2015-16. In 2014-15, it was Rs 104.28 trillion.

“In terms of growth rates, the gross national income is estimated to have risen by 7.5 per cent during 2015-16, in comparison to the growth rate of 7.3 per cent in 2014-15.”