Per capita income rises to Rs 33,283

Written by Press Trust of India | New Delhi | Updated: Jan 31 2009, 06:03am hrs
Backed by robust economic growth, Indias per capita income has increased to Rs 33,283 in 2007-08 indicating an overall improvement in the living standards of the people. Rising by almost 60% since 2003-04, Indias per capita income, which indicates what an average person earns, has increased to Rs 33,283 in 2007-08, reveals the quick estimates of national income released by the Central Statistical Organisation (CSO) on Friday.

The countrys per capita income, has been growing at an annual rate of over 10% since 2003-04, it said. According to the data, the per capita income, after taking into account population growth, increased to Rs 33,283 during 2007-08 from Rs 29,524 in the previous fiscal. The per capita income, increased by 12.7% (at current prices) during 2007-08, while countrys population inched up by 1.4 per cent to 1.38 billion by the end of the fiscal. The double-digit growth in the per capita income during the five successive years comes in the backdrop of impressive economic growth recorded by the country during that period.