India's per capita income doubled in 9 years

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By  India Blooms News Service   Mar 06, 2023

New Delhi: The per capita income in India has doubled to Rs 172,000 over the past nine years, according to the latest figures released by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation.

The per capita income in the country was Rs 86,647 during the financial year 2014-15 (April 2014-March 2015).

There has been a rise of nearly 99 percent in the per capita income in nominal terms (at current prices), said the NSO, adding that the uneven income distribution remained a big challenge.

It also said that in real terms (constant prices), the per capita income in the country had increased by about 35 percent from 72,805 Indian Rupees (around 891 dollars) in 2014-15 to 98,118 Indian Rupees (around 1,201 dollars) in 2022-23.

(With UNI inputs)