What is the total per capita income of India?

Based on data of 2020-21, total Per Capita Income of India (measured at current price) is Rupee 5,821.

Which country is No 1 in per capita income?

Qatar has the highest Per Capita Income as per the latest data.

Which country has lowest Per Capita Income in the world?

Burundi has the lowest Per Capita Income in the world as per the latest data.

Is India is a rich country?

India can be considered a low middle income country based on its Per Capita Income.

What is the net income of India in 2023?

In financial year 2023, the net national income at current prices was estimated to amount to over 235 trillion Indian rupees. This was a significant increase compared to the previous year's net national income of 205 trillion Indian rupees.

Which state has the highest per capita income in India 2023?

At Rs 3,08,732 in 2022-23, Telangana leads the list of Indian states with the highest per capita income at current prices, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed. It is followed by Karnataka with a per capita income of Rs 3,01,673 and Haryana at Rs 296,685.

What is per capita income?

Per capita income is the average income earned per person in a particular region or country over a specific period, typically a year. It is calculated by dividing the total income generated in a region or country by the total population. Per capita income is a measure of the economic well-being of a region or country and the standard of living of its citizens.

How has India's per capita income changed over time?

India's per capita income has been steadily increasing over the years. In 2014-15, India's per capita NNI was INR 86,647. This means that per capita income has almost doubled in the last eight years.

Non Performing Assets (NPA), Definition, Types, Examples

Non Performing Assets (NPA), Definition, Types, Examples

Context: Care Ratings forecasted that GNPAs are expected to be between 2.5-2.7% in FY24 and further improve to 2.1-2.4% by FY25 end. Important Facts Historical Trend: GNPAs significantly increased from 3.8% in FY14 to 11.2% in FY18 due to stricter...

Last updated on March 30th, 2024 07:24 pm
Fiscal Deficit, Causes, Disadvandages and Way Forward

India's fiscal deficit from April to February in the fiscal year 2023-24 stood at ₹15.01 trillion, accounting for 86.5% of the revised annual estimate, according to data released by the Controller General of Accounts. This figure highlights a significant aspect...

Last updated on March 30th, 2024 12:10 pm
Living Wage in India, Aiming to Replace Minimum Wage With a Living Wage by 2025

India, one of the world's largest economies with a vast workforce, is poised to undergo a significant transformation in its wage policy. The country is moving away from the traditional minimum wage system towards embracing living wages, signaling a fundamental...

Last updated on March 26th, 2024 06:51 pm
Inflation, Definition, Causes, Impacts, Inflation Rate in India

Context: RBI said core inflation is falling but food price fluctuations are affecting the RBI's monetary policy and their 4% target. Vegetable price drops during winter were minimal and temporary, with cereal, meat, and fish prices experiencing increases. What is...

Last updated on March 21st, 2024 06:21 pm
Human Development Index India’s Ranking 134 Out of 193 Countries

Context: According to the United Nations Development Programme (UNDP) report “Breaking the gridlock: Reimagining cooperation in a polarised world” India has been ranked 134th in the Human Development Index. Findings of Human Development Index (HDI) Improvement in Ranking: India's HDI...

Last updated on March 16th, 2024 11:07 am
Ports and Shipping Industry in India

Ports and Shipping Industry in India Ports and Shipping Industry in India is surging ahead, riding on the waves of economic progress. With a coastline stretching over 7,500 kilometers and more than 200 ports, India holds a strategic position in...

Last updated on February 29th, 2024 04:47 pm
Spices Sector in India, List of Indian Spices, History and Government Initiative

Spices Sector in India The spices sector in India stands as a testament to the country's rich cultural heritage and economic resilience. From ancient civilizations to modern times, spices have been integral to India's identity, shaping its culinary traditions and...

Last updated on February 29th, 2024 01:18 pm
Fair and Remunerative Price (FRP), Factors, Implications

Fair and Remunerative Price (FRP) The recent issuance of a government resolution by the Maharashtra Government regarding sugar payment methods has sparked debates and protests among farmers in the state. The resolution proposes changes in the Fair and Remunerative Price...

Last updated on February 23rd, 2024 07:58 pm
100% FDI in Space Sector and its Benefits

Context: The Union Cabinet amendment to the existing Foreign Direct Investment (FDI) policy allowed 100% FDI in the space sector without prior approval. More In News Foreign firms planning to build satellites in India would not require government approval up...

Last updated on February 22nd, 2024 08:57 pm
Crop Diversification and its Benefits

Context: The Indian government is encouraging crop diversification among farmers to reduce reliance on traditional crops and bolster sustainability and economic viability. About Crop Diversification Crop diversification refers to the practice of growing a variety of crops on a farm...

Last updated on February 20th, 2024 03:57 pm