The Economic Survey 2015-16 which was tabled by Finance Minister Arun Jaitley on Friday stated that per capita income of the country jumped 7.3 per cent to Rs 93,231 in 2015-16 from Rs 86,879 in 2014-15. The figures were at Rs 71,050 and 79,412 in 2012-13 and 2013-14, respectively.
In real terms, growth rate is seen at 6.2 per cent for 2015-16 against 5.8 per cent in 2014-15.
According to the survey, Indian economy will continue to grow more than 7 per cent for the third year in succession in 2016-17 helped by a normal monsoon, despite global meltdown.
The Survey also states that low inflation has taken hold and confidence in price stability has improved. The Current Account Deficit has declined and foreign exchange reserves have risen to $ 351.5 billion in early February, 2016. The government tax revenues are expected to be higher than budgeted levels. Direct taxes grew by 10.7 per cent in the first 9 months of 2015-16 while indirect taxes were also buoyant.