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India’s per-capita income rises 10%

Yatheendradas C.k. at 09:51 PM - May 31, 2019 ( ) Views: 125

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India’s per-capita income rises 10 per cent to Rs 10,534 a month in FY19
By: PTI | Published: May 31, 2019 8:41:01 PM The Financil Express
For full year 2018-19, the economic growth is estimated at 6.8 per cent, compared 7.2 per cent in the previous year.

The country’s per-capita income is estimated to have risen by 10 per cent to Rs 10,534 a month during the financial year ended March 2019, government data on national income showed Friday. In 2017-18, the monthly per-capita income had stood at Rs 9,580. “The per-capita income at current prices during 2018-19 is estimated to have attained a level of Rs 1,26,406 (Rs 10,533.83 monthly) as compared to the estimated for the year 2017-18 of Rs 1,14,958 (Rs 9,579.83 a month), showing a rise of 10 per cent,” according to the annual national income and GDP 2018-19 data released by the Ministry of Statistics and Programme Implementation (MoSPI).

The per-capita income is a crude indicator of the prosperity of a country. The gross national income (GNI) at current prices is estimated at Rs 188.17 lakh crore during 2018-19, as compared to Rs 169.10 lakh crore during 2017-18, rising by 11.3 per cent. India’s gross domestic product is estimated to have slowed to a five-year low of 5.8 per cent in the last quarter of fiscal ended March 2018-19, mainly due to poor show in the farm and manufacturing sectors. The growth in gross domestic product (GDP) was slowest since 2014-15.

The previous low was 6.4 per cent in 2013-14. For full year 2018-19, the economic growth is estimated at 6.8 per cent, compared 7.2 per cent in the previous year.


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