India's per Capita Income Grows by 8.6% to Rs 1.13 Lakh in FY18
Credit: PTI New Delhi, May 31 (PTI) India’s per capita income grew at a slower pace of 8.6% to Rs 1,12,835 during the last fiscal ended March 2018, official data showed today. The per capita net national income in 2016-17 stood at Rs 1,03,870, witnessing a growth of over 10.3% from the preceding fiscal ended March 2016 (at Rs 94,130). “The per capita income at current prices during 2017-18 is estimated to have attained a level of Rs 1,12,835 as compared to the estimates for the year 2016-17 of Rs 1,03,870, showing a rise of 8.6%,” showed the provisional estimates of annual income, 2017-18 released by the ministry of statistics and programme implementation (MOSPI). The per capita income is a crude indicator of the prosperity of a country. In real terms, calculated at constant prices with base 2011-12, the per capita income grew by 5.4% to Rs 86,668 in 2017-18 as compared to Rs 82,229 in 2016-17. “The growth rate in per capita income is estimated at 5....
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