Covid-19 pandemic is likely to bring down India’s per capita income (PCI) by 5.4 per cent in the financial year 2020-21 (FY21) to Rs 1.43 lakh from Rs 1.52 lakh in FY20, suggests the latest report by the economic wing of State Bank of India (SBI). This decline in PCI is higher than the nominal GDP decline of 3.8 per cent, the report says.
Among states, Delhi, Chandigarh, and Gujarat will be the worst hit with PCI falling 15.4 per cent, 13.9 per cent and 11.6 per cent, respectively in FY21, the report says. At the other end of the