India's Per Capital Income

At Rs 461.9K, Delhi's per capita income third highest after Goa, Sikkim

Delhi's per capita income in 2023-24 at Rs 4,61,910 was the third highest after Goa and Sikkim in the country, according to the latest statistical handbook. The document showed that the per capita of the city was more than double the national level per capita income of Rs 1,84,205. The handbook issued annually by the Delhi government details various socio-economic, demographic and infrastructure related data of the national capital. The handbook noted a 7.4 per cent yearly growth in the per capita income of the city. It showed a major decline in the number of vehicles on the national capital's roads from 1.22 crore in 2020-21 to 79.45 lakh in 2022-23. The number of schools in Delhi declined from 5,666 in 2020-21 to 5,497 in 2023-24. However number of enrolled students rose slightly for both, the boys and girls, during the same period. The number of the boy and girl students in 2020-21 was 23.60 lakh and 21.19 lakh. It increased to 23.70 lakh and 21.36 lakh in 2023-24, the data .

Need 8-fold rise in per capita income to realise 'Viksit Bharat' goal: V-P

Vice President Jagdeep Dhankhar on Saturday asserted that an eight-fold rise in per capita income needs to be achieved to realise the goal of "Viksit Bharat" (developed India) by the year 2047. Addressing the second convocation ceremony of Mahatma Gandhi Central University in Bihar's Motihari, he also expressed hope that the country, which was currently the "fifth largest economy" in the world, would "soon leave Germany and Japan behind". Lavishing praise on the Narendra Modi government at the Centre, without taking any names, Dhankhar said, "The last 10 years have been marked by eradication of a culture of corruption and middlemen seem to have been eliminated". "The world looks at us with surprise as we keep marching towards getting our due place on the global stage. We are the fifth largest economy as of now but things are looking up and soon we will leave Germany and Japan behind," said the Vice President. He was speaking in presence of Bihar Governor Rajendra Arlekar and local

Viksit@2047: Achieving India's vision needs focus on core priorities

India's ambition may seem out of reach, but two and a half decades provide ample time to prepare- if it gets its focus right

Need to become a $30 trn economy with $18,000 per capita income: NITI paper

India needs to strive to be a USD 30 trillion economy with a per capita income of USD 18,000 per annum by 2047, the approach paper for vision for Vikshit Bharat in 2047 has said. NITI Aayog in a paper titled 'Vision for Viksit Bharat @ 2047:An Approach Paper' said India needs to avoid the Middle-Income trap and carefully work towards breaking out of it. "As for the economy, to become a developed nation, we need to strive to be a USD 30 trillion economy by 2047 with a per capita income of USD 18,000 per annum. "The GDP would have to grow nine times from today's USD 3.36 trillion and the per capita income would need to rise 8 times from today's USD 2,392 per annum," it said. The paper also noted that progressing from a middle-income to a high-income level requires sustained growth in the range of 7-10 per cent for 20-30 years and very few countries have managed to do this. Defining the concept of Vikshit Bharat, the paper said it is a Bharat which will have all the attributes of a ..

India likely to have highest per-capita income growth, says report

Study pegs growth at 5.4% during 2024-33

The Great Indian Inequality Debate: Is India's income inequality declining?

With the latest HCES showing a fall in Gini coefficient between FY12 and FY23, has India been able to reduce the income inequality?

Per capita cereal consumption below 10 kg in rural areas in 2022-23: Survey

The consumption of cereals in rural households declined to 9.61 kg in 2022-23 from 11.23 kg in 2011-12, while in urban households, it declined to 8.05 kg from 9.32 kg over the same period

India could be in upper-middle income category over FY33-FY36: Ind-Ra

The rating agency reported that India would reach to a $15 trillion economy over financial years 2043-2047

Delhi's per capita income rises over 14% to Rs 444,768, shows data

Delhi's per capita income increased from Rs 3,89,529 to Rs 4,44,768 in the current financial year, which is 158 per cent higher than the national average, Kejriwal government said on the release of its Statistical Handbook-2023 on Saturday. The handbook containing data on socio-economic parameters of the national capital was released by the Economic and Statistics department of the Delhi government. Despite various obstacles, the Kejriwal government has established new benchmarks in the public services sector in 2023, Planning Department Minister Atishi said on the release of the statistical handbook. The Kejriwal government significantly improved public transportation services in the capital, with an average of 41 lakh passengers commuting daily on buses in 2023. Delhi is leading the electric vehicle revolution in the country and the city currently has 7,200 buses on the streets, including 1,300 electric buses, she said. Compared to 2021-22, the number of electricity consumers in

Being 5th big economy 'impressive', per capita income must rise: Ex RBI Guv

While India becoming the fifth largest economy in the world is an 'impressive achievement,' there is a need to grow fast to increase the per capita income of the country from the present levels, former Reserve Bank of India Governor C Rangarajan said on Saturday. In his address at the 13th Convocation of the ICFAI Foundation for Higher Education, Rangarajan said post Covid-19 and the Russia-Ukraine war, there is a need to lay down a clear roadmap for India's future development and the first and foremost task is to raise the growth rate. Noting that India was today the fifth largest economy, he said, "this is an impressive achievement." "However, in relation to per capita income, it is a different story. In 2020, India's rank with respect to per capita income was 142 out of 197 countries. This only shows the distance we have to travel All the same, we have no choice but to grow fast, given the present level of per capita income," the former chairman of the Prime Minister's Economic

Among countries with Apple Stores, India has lowest per capita income

India's per capita income of $7,130 is less than half of Brazil's $15,600, which ranks second lowest on the list of nations with Apple Stores

Ficci releases roadmap to achieve 600 mn jobs, 6x rise in income by 2047

The roadmap also focuses on doubling female participation in the labour force to 45-50%, cut carbon emissions by 80-100%, and provide access to clean water for all

Can India's GDP grow 7% annually over 25 yrs? Data suggests it's tough

India has seen GDP growth of 7% or more for five straight years only once in the past 30 years

India's per capita income remains below pre-Covid level in 2021-22

However, the per capita income based on Net National Income (NNI) at constant price grew by 7.5 per cent in FY22 over the previous year.

India's FY22 per capita income projected higher than Bangladesh: IMF

Bangladesh is likely to topple India again for each of the next six years

Per capita income set to witness a 5% fall: First advance estimates

The per capita income is projected to decline to Rs 1.27 lakh in the year compared to Rs 1.34 lakh in the previous year by Advance Estimates

Statsguru: How India fares among Asian peers in key economic indicators

India's economic recovery would be sharper compared to Asian peers

Best of BS Opinion: Modi-Shah's Ashwamedha Yagna, Bangladesh factor & more

Here's a selection of Business Standard opinion pieces for the day

Best of BS Opinion: Tanishq ad row, Bangladesh's per capita GDP, and more

Here's a selection of Business Standard opinion pieces for the day

Falling behind

India should learn from Bangladesh's resilience and growth