Delhi ranked third in terms of per capita income behind Sikkim and Goa, according to the Economic Survey of Delhi 2021-22
In FY21, per capita income had dropped by 4% to Rs 1.29 lakh, showcasing the plight of common man who bore the brunt of lockdown and job losses
Assumes that Singapore's economy grows at a constant rate of 1.8% or lower, Delhi would need to nearly double its growth rate for per capita income to 9.1% to reach Singapore's level by 2047
Delhi Deputy Chief Minister Manish Sisodia said the AAP government's target is to raise Delhi's per capita income to Singapore's level by 2047. In a statement released on Tuesday, Sisodia said the national capital's growth rate has reached 11-12 per cent in the last six years and the per capita income is three times the national average. Highlighting that Delhi is one of the fastest growing states in the country, the deputy chief minister said the Arvind Kejriwal government is committed to fostering a progressive business environment in the city. In Delhi, the growth rate has been 11-12 per cent over the last 5-6 years. Delhi's contribution to the country's GDP is 4.4 per cent despite having only 1.49 per cent of the country's population. Delhi's per capita income is 3 lakh 54 thousand, which is three times the national per capita income standard, Sisodia said. The government intends to raise Delhi's per capita income to that of Singapore by the 100th anniversary of the country's .
India's economic recovery would be sharper compared to Asian peers
On 'more appropriate' economic metric, Bangladesh has not surpassed India and is unlikely to be in future, former chief economic adviser Arvind Subramanian said on Saturday, asserting that GDP per capita is an estimate for one indicator of the average standard of welfare in a country. Congress leader Rahul Gandhi had taken a dig at the government over IMF growth projections showing Bangladesh closing in on India in terms of per capita GDP this year and described it as a "solid achievement" of six years of the BJP's "hate-filled cultural nationalism". Government sources had emphasised that India's Gross Domestic Product (GDP) in terms of purchasing power parity was 11 times more than that of Bangladesh in 2019. "The India-vs.-Bangladesh GDP per capita comparison (post IMF WEO) has sparked anxiety & acrimony. But wrong numbers being compared... "NO, on more appropriate metric, India has not been surpassed and, according to IMF, unlikely to be in near future," Subramanian said in a ..
A bigger danger is that instead of taking corrective action, politicians may double down on past mistakes and seek salvation in autarky
Bangladesh might overtake India this year by per capita income in nominal dollars, but it is not yet close to becoming South Asia's economic powerhouse anytime soon. T N Ninan explains why
Among states, Delhi, Chandigarh, and Gujarat will be the worst hit with PCI falling 15.4 per cent, 13.9 per cent and 11.6 per cent, respectively in FY21
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The growth in per capita income has been coming down for 3 years.
The per capita income is likely to grow by 6.35 per cent
The Adityanath government has presented Rs 5,12,860.72 crore budget for 2020-21 last week
In 2018-19, the monthly per-capita income had stood at Rs 10,534
None of the first four years under the Modi government had clocked a per capita income growth of more than 10 per cent
One area that needs more study is how the entry of the hundreds of millions into low-income status has affected entertainment content
The growth rate in per capita income (real terms) is estimated was 5.3% during 2017-18
In 2015-16, the rate of growth of the country's per capita net income stood at 7.4%
With a per capita income of $4,800, Goa is comparable to upper middle income countries
Per capita national income during 2015-16 stood at Rs 94,178