India's per-capita income rises 10% to ₹10,534 a month in FY191 min read . Updated: 31 May 2019, 09:38 PM IST
- In 2017-18, the monthly per-capita income had stood at ₹9,580
- The per-capita income is a crude indicator of the prosperity of a country
NEW DELHI : The country's per-capita income is estimated to have risen by 10% to ₹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 ₹9,580.
"The per-capita income at current prices during 2018-19 is estimated to have attained a level of ₹1,26,406 ( ₹10,533.83 monthly) as compared to the estimated for the year 2017-18 of ₹1,14,958 ( ₹9,579.83 a month), showing a rise of 10%," 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 ₹188.17 lakh crore during 2018-19, as compared to ₹169.10 lakh crore during 2017-18, rising by 11.3%.
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% in 2013-14.
For full year 2018-19, the economic growth is estimated at 6.8%, compared 7.2 % in the previous year.