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.

economy -

Food Inflation in India, Current Situation, International Prices

Context Food price inflation in India remains high (8.7% in February 2024) compared to overall inflation (5.1%). This poses a challenge for the RBI's Monetary Policy Committee (MPC) to cut interest rates. Food Inflation Food inflation refers to the rise...

Last updated on April 11th, 2024 03:01 pm
Central Board of Direct Taxes (CBDT), Functions, Structure

The Election Commission has directed the CBDT to verify any mismatch in the information provided in the affidavit filed by Union Minister and BJP candidate Rajeev Chandrasekhar as he contests from Thiruvananthapuram. CBDT Released key Direct Tax Statistics through Time-Series...

Last updated on April 10th, 2024 04:03 pm
Editorial of the Day (9th Apr): Status of Indian Economy

Context: The Indian economy is projected to have 7% GDP growth in 2024-25. Indian Economy: Current Status Economic Growth and Optimism GDP Growth: India's GDP grew by 8.4% in Q3 of 2023-24, with manufacturing PMI at a 16-month high of...

Last updated on April 9th, 2024 07:37 pm
Food Corporation of India, Structure, Function and Challenges

Food Corporation of India The Food Corporation of India (FCI) has been a cornerstone in India's efforts to ensure food security since its establishment in 1965. Over the years, FCI has played a crucial role in procuring, storing, and distributing...

Last updated on April 8th, 2024 02:45 pm
Electoral Bonds Full Data with Serial No Released By SBI to ECI

Electoral Bonds Full Data with Serial No Out On March 21, the State Bank of India (SBI) announced that it had furnished all details concerning the electoral bond scheme, including unique numbers, to the Election Commission of India (ECI). This...

Last updated on April 2nd, 2024 09:00 am
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
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