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.

India’s Inflation Problem, Reasons and Impacts

India’s Inflation Problem, Reasons and Impacts

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Published On August 20th, 2024
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Published On August 9th, 2024
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Published On August 7th, 2024
Core Sector Industries, Components to calculate Index Of 8 Core Industries

Context: Production in India’s eight core infrastructure sectors remained largely dampened by the impact of a slowdown in state spending on public works. Core Sector Industries In India, there are eight core sectors comprising coal, crude oil, natural gas, petroleum...

Published On August 6th, 2024
List of GI Tag Products in India 2024, State Wise GI Tags list

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Published On August 6th, 2024
Framework for Wilful Defaulters, Objective, Applicability

Context: The Reserve Bank of India (RBI) released a Master Direction on the treatment of wilful defaulters. Framework for Wilful Defaulters Objective: Establish a transparent and non-discriminatory procedure for classifying borrowers as wilful defaulters Disseminate credit information about wilful defaulters...

Published On August 3rd, 2024
GDP of Indian States 2024, Highest and Lowest GDP State

India is a diverse country with different states having varying levels of economic development. The GDP of Indian states is a dynamic and ever-changing landscape, with some states witnessing rapid growth while others face challenges. Top 3 Largest Economies (as of...

Published On August 1st, 2024
RBI Governor Warns About Growing Threat of Mule Accounts

In the ever-evolving landscape of financial crime, mule accounts have emerged as a significant concern for banks and regulators alike. These accounts, often used to facilitate money laundering and other illicit activities, serve as critical links in the chain of...

Published On July 31st, 2024
India’s Defence Budget 2024, Highlights and Comparison with China

In a bid to strengthen its military capabilities and infrastructure, India has significantly increased its defence budget for the fiscal year 2024-25. The allocation of ₹6.21 lakh crore (approximately US $75 billion) marks a substantial rise from the previous year’s...

Published On July 25th, 2024
New Tax Regime vs Old Tax Regime Slabs

The "New Tax Regime" and "Old Tax Regime" refer to two different systems of income tax calculation in India. Under the old tax regime, taxpayers could claim various deductions and exemptions under the Income Tax Act, of 1961 while the...

Published On July 25th, 2024