India's per capita income crosses Rs 50K

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Agencies: New Delhi, Jan 31 2012, 19:01 IST

Reflecting growing prosperity, India's per capita income grew by 15.6 per cent to Rs 53,331 per annum in 2010-11, crossing the half-a-lakh rupees mark for the first time, according to government data.

"The per capita income at current prices is estimated at Rs 53,331 in 2010-11, as against Rs 46,117 for the previous year, depicting a growth of 15.6 per cent," said the Quick Estimates of National Income released by the Central Statistical Office (CSO).

The growth in per capita income comes on the back of 8.4 per cent expansion of the Indian economy during the last fiscal.

Per capita income is the earnings of each Indian if the national income is evenly divided among the country's population of around 120 crore. It is an important indicator of overall prosperity in the country.

However, the increase in per capita income at constant (2004-05) prices, after discounting for inflation, was about 6.4 per cent in 2010-11. It was Rs 35,993 in 2010-11, as against Rs 33,843 in the previous year.

According to the figures, the size of the economy at current prices rose to Rs 71,57,412 crore last fiscal, up 17.5 per cent from Rs 60,91,485 crore in 2009-10.

Based on 2004-05 prices, the Indian economy expanded by 8.4 per cent during the fiscal ended March, 2011.

The GDP at constant (2004-05) prices in 2010-11 has been estimated at Rs 48,85,954 crore, as against Rs 45,07,637 crore in 2009-10, as per the Quick Estimates.

The rate of growth in the 2009-10 fiscal stood at 8.4 per cent, as per

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Reader's Comments (2)| Post a Comment

But,the Rupee has depreciated enormously!

Sadasivab | 28-Jun-2012Reply | Forward

Especially,after 2008,when the HUGE stimuli[printing of notes by the RBI], to the rich oligarchs was started and is reported CONTINUING!Today one pays 3 times the price for vegetables,milk and edible Oils as compared to 2008.In my opinion the Rupee has depreciated to 33% of its value in 2008.That's a very HUGE erosion of wealth of the Indian Citizens.

per capita income stats

cp | 01-Feb-2012Reply | Forward

That per capita income is over Rs 50,000 is entirely bogus. Ask the majority - those in the agricultural sector - what they think about this. To create this fiction based on the reported income at the top - including the crores of rupees Bollywood actors make and the hugely entreprenureal middle class - simply reaffirms the marginalization of the majority of the population - perhaps 600 million people - who live in rural areas and are not part of this income stream.