India’s per capita income rises 9.7 percent in Financial Year 2017

Updated On : 31 May , 2017 , 09:52 PM
India’s per capita income rises 9.7 percent in Financial Year 17
India’s per capita income rises 9.7 percent in Financial Year 17
New Delhi:

India’s per capita income grew by 9.7 per cent to Rs 1,03,219 in 2016-17 from Rs 94,130 a year ago.

In 2015-16, the rate of growth of the country’s per capita net income stood at 7.4 per cent.

“The per capita income at current prices during 2016-17 is estimated to have attained a level of Rs 1,03,219 as compared to the estimates for the year 2015-16 of Rs 94,130 showing a rise of 9.7 per cent,” an official release said.

The data forms part of the ‘Provisional Estimates of Annual National Income 2016-17 and Quarterly Estimates of Gross Domestic Product 2016-17’ released by the Ministry of Statistics and Programme Implementation today.

Per capita income is a crude indicator of the prosperity of a country.

In real terms (at 2011-12 prices), per capita income in 2016-17 rose 5.7 per cent to Rs 82,269, against Rs 77,803 a year ago.

The rate of growth in real terms was, however, slower than 6.8 per cent in the preceding year.

The country’s Gross National Income (GNI) at 2011-12 prices was estimated at Rs 120.35 lakh crore during 2016-17, against Rs 112.46 lakh crore a year ago.

“In terms of growth rates, the gross national income is estimated to have risen by 7 per cent during 2016-17, in comparison to the growth rate of 8 per cent in 2015-16,” it added.

First Published : Wednesday, May 31, 2017 09:46 PM
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